Governance

(Click the layout grid for more information)
Administrator Auditor FundManager InvestmentCommittee Investors Sponsors Board ofDirectors

Investors

Equity Investors

FSD AfricaFSD Africa
FSD Africa is a non-profit company funded by the UK Government which aims to increase prosperity, create jobs and reduce poverty by bringing about a transformation in financial markets in SSA and in the economies they serve. It provides know-how and capital to champions of change whose ideas, influence and actions will make finance more useful to African businesses and households.
https://www.fsdafrica.org/

Debt Investors

Calvert Impact CapitalCalvert Impact Capital
Calvert Foundation harnesses the power of investing to connect, cultivate, and inspire those who want to shape the world for good. Through its flagship product, the Community Investment Note, Calvert Foundation has raised over $1.5 billion from more than 18,000 investors, which has been invested in hundreds of organizations, projects, and funds that are making a positive, measurable impact around the world.
https://www.calvertimpactcapital.org/
Development Finance CorporationDevelopment Finance Corporation
The Development Finance Corporation (DFC) is the United States Government’s development finance institution. It mobilizes private capital to help solve critical development challenges.
https://www.dfc.gov/
FMO Entrepreneurial Development Bank FMO Entrepreneurial Development Bank
FMO is the Dutch development bank. With investments in over 85 countries, the bank supports jobs and income generation in order to improve people’s lives in the parts of the world where it can make the biggest difference.
https://www.fmo.nl/
International Finance CorporationInternational Finance Corporation
IFC is a member of the World Bank Group and is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, IFC leverages capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity.
https://www.ifc.org
The African Development Bank GroupThe African Development Bank Group
The African Development Bank Group (AfDB) is a multilateral development finance institution. Founded in 1964, the AfDB’s mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programs that are likely to contribute to the economic and social development of the region.
https://www.afdb.org/en

Fund Directors

Pierre-Etienne Pourrat

Pierre-Etienne Pourrat

Since 2021, he has been a partner at Atdomoc, a family office with a focus on establishing and overseeing regulated and unregulated investment entities in Luxembourg. Previously, between 2014 and 2020, he was a Partner at Savile Capital, which provides asset management, brokerage, futures and investment banking services to discerning individuals and institutions. Prior to this, he was a Senior Manager at Deloitte and Natixis, both within the Private Wealth division, where he implemented solutions for high net worth individuals and investment and holding companies. He holds a Master's degree in Corporate Finance from the University of Lyon and a Bachelor's degree in History, Economics and Sociology from Science Po Lyon.

David Luksenburg

David Luksenburg

David is a co-founder of Atdomco, a family office focused on the creation and management of regulated and unregulated investment vehicles in Luxembourg, specialising in real estate, private equity and corporate transactions with an international investor base. At the same time, he holds positions as an independent director in various specialised investment funds throughout Luxembourg. Prior to founding Atdomco, he was Secretary General of SMART Private Managers from 2012 to 2015, an independent discretionary portfolio management company with a value investment approach managing the assets of more than 200 families, after having worked as Head of Business Development at the Carey Group from 2010 to 2011. He graduated from INSEAD's MBA programme in 2010. He also holds a Master in Business Administration from the University of Liège.

Michael Batter

Michael Batter

Michael is an experienced senior manager and independent director with a wide range of experience in the investment fund industry. He is currently a Conducting Officer at the IRE AIFM Hub where he oversees the risk management, valuation, compliance, and delegate supervision functions. In parallel, he holds partner positions in Estari Lotus SCSp, an investment fund pursuing a private equity strategy, Innovation Nest II SCSp and Market One Capital SCSp, both investment funds pursuing a venture capital strategy, making equity, quasi-equity and equity-related investments primarily in European companies developing or otherwise active in information and telecommunications technologies. Previously, he worked for EY Luxembourg as a Senior Auditor specialising in asset management, mainly auditing the financial statements of UCITS, AIFs and their management companies. He holds a master’s degree in management engineering with a major in Finance from the Louvain School of Management.

Fund Committee

Douglas Philip Buyskes

Douglas Philip Buyskes

Philip is currently the CEO of Frontclear. Prior to establishing Frontclear in 2015, Philip was Vice President at The Currency Exchange Fund which he joined in 2008. From 2004 to 2008 Philip was an Investment Officer at the Development Bank of Southern Africa. Prior to DBSA, Philip worked at the European Institute of Public Administration in Maastricht, The Netherlands. He holds a Master in International Business from Maastricht University and is FRM certified. In 2014 Philip completed Harvard Business School’s comprehensive leadership program, the Program for Leadership Development.

Martin Kimmig

Martin Kimmig

Dr. Martin Kimmig is the Chief Risk Officer at the Asia Infrastructure Investment Bank (AIIB). His main responsibilities are to ensure the stability and financial continuity of the Bank. He oversees capital allocation and utilization, manages financial and non-financial risks, including reputational consequences, as well as fosters a strong risk culture throughout the Bank. He joined the AIIB from The Rock Creek Group where he held the position of a Managing Director covering emerging market equities. Previously, he spent a 24-year career at the World Bank Group, primarily in the International Finance Corporation (IFC) where he held leadership positions in both investment operations and risk management. Martin Kimmig holds a PhD in economics from the University of Freiburg and a CFA designation. He joined the ALCB Fund’s Investment Committee as an Observer in 2018.

Janice Kotut-Sang

Janice Kotut-Sang

Janice Kotut-Sang is a founding member of Sustainable Links, which aims to mobilise capital towards Climate solutions with a gender lens. Janice was previously Managing Director, PIDG Infrasolutions, which was set up as a GuarantCo initiative to be a pathfinder, arranger and collaborator aimed at mainstreaming local currency finance for infrastructure projects in frontier markets, improving the affordability of infrastructure projects and developing local capital markets in lower income countries across Africa and Asia. She brings with her banking experience with Standard Chartered where she worked in Asia, UK and in Kenya with a varied number of roles in business strategy and origination. Janice has also spent four years running a floriculture operation in Kenya. Janice has a LLB from Warwick University and a LLM from King’s College London and an Executive MBA with the Said Business School, Oxford University.

Clemens Calice

Clemens Calice

Clemens is CEO and a founding partner of Lion’s Head Group. He splits his time between Nairobi and London. Clemens is responsible for the implementation of Lion’s Head’s overall strategy and chairs the Firm’s Operating Committee. Over the past 10 years Clemens has been involved in advisory activities across a number of sectors, including financial services, renewable energy and agriculture and he was instrumental in setting up Lion’s Head Asset Management. Prior to setting up Lion’s Head, Clemens spent 13 years in investment banking, first at Morgan Stanley and then at Goldman Sachs. He worked in London, Singapore and New York, doing M&A before focusing on the energy sector where he was responsible for executing a number of large structured and commodity-backed financings. Clemens holds a Masters Degree in Computer Science from the Swiss Federal Institute of Technology and a Masters in Business Administration from INSEAD, Fontainebleau.

Enrico Nora

Enrico Nora

Enrico Nora is the Group Chief Financial Officer and joined Lion's Head in September 2022. His previous positions include: CFO of Maris Africa Group, Executive Director of Mobile Banking at Equity Bank (Kenya) and CFO of Intertouch Group (a division of NTT DOCOMO of Japan) based in Singapore. Prior to that, he spent eleven years with Hewlett Packard in Europe and APAC regions. Enrico holds a Masters Degree in Industrial Engineering from the Polytechnic University of Milan, and an MBA (with honours) from the University of Chicago Booth School of Business

Advisory Committee

Michael Groot

Michael Groot

In addition to his role as a member of the Advisory Committee, Michael Groot joined Amsterdam-based Cardano Development in 2019 as a Senior Project Director. In this role, he is currently dedicated as a Senior Advisor to the ILX Fund, with primary responsibility for sourcing, analysing and executing transactions for the fund's portfolio. He started his banking career in 1993 with Deutsche Bank in Amsterdam and London. He then joined the Africa team at FMO in 1998 and was seconded to Standard Bank's Emerging Market Infrastructure Fund in London from 2002 to 2005. Back at FMO, he spent two years focusing on China before spending five years leading the desk that originates, structures and executes all structured finance transactions within FMO with a view to developing FMO's capital markets activities in emerging markets. Prior to joining Cardano Development, he worked for seven years as a Senior Investments Officer in FMO's Private Equity department with a focus on Africa.

Thomas Pohl

Thomas Pohl

His professional experience focuses on facilitating impact investments on the African continent, with a focus on working with infrastructure companies. In his current position as Senior Portfolio Manager at KfW Bankengruppe, where he is responsible for several impact investments in debt/private equity funds in sub-Saharan Africa, and through his membership of advisory and investment committees, he has gained a solid understanding of the responsibilities of the advisory role. His previous position as Senior Advisor to BMZ strengthens his ability to engage with the fund management team on the impact objectives that underpin the Ministry's role as an equity investor in ALCBF.

Anne-Marie Chidzero

Anne-Marie Chidzero

Anne-Marie is CIO of FSD Africa Investments, the investment arm of FSD Africa. A Zimbabwean, she is the former CEO of FSD Mozambique and co-founder of Alitheia IDF Managers, a private equity fund manager investing in women-owned businesses. Anne-Marie has a wealth of experience in building African financial markets. Throughout her career, she has led a range of development finance investments and implemented private sector growth strategies in roles at the World Bank Group, CGAP and UK Aid, among other development finance institutions. She has held board and advisory positions with leading inclusive finance organisations in Africa.

Fund Auditor

Deloitte
Deloitte is a professional service company and one of the Big Four auditors. The company is responsible for the annual audit of the ALCB Fund.
https://www2.deloitte.com/uk/en.html

Fund Manager

Cygnum Capital Group
Cygnum Capital Group is the appointed Fund Manager to the ALCB Fund. Cygnum Capital Group offers unrivaled experience in African debt capital markets with substantive coverage across the continent. Cygnum Capital Group is an investment bank, based in London and Nairobi, bringing capital markets expertise to development finance initiatives in Africa and other frontier markets. Authorized and regulated by the Financial Conduct Authority (FCA), Cygnum Capital Groups experience includes fund management, capital markets and financial advisory work across financial inclusion, renewable energy, agriculture and health sectors. Cygnum Capital Group is a member of the Global Impact Investing Network (GIIN). The GIIN is the leading nonprofit dedicated to increasing the scale and effectiveness of impact investing. Impact investments are made into companies, organizations, and funds with the intention to generate social and environmental impact alongside a financial return.
https://www.cygnumcapital.com

Administrator

Ocorian
Ocorian is responsible for Fund administrative services including preparation of financial statements, maintenance of registers and payment processing.
https://www.ocorian.com/