Emerging Capital Partners has promoted two of its senior investment professionals. Brice Lodugnon and Paul Maasdorp, both Directors with the Africa-focused private equity fund manager, have been made Managing Directors, a reflection of their sustained contribution to ECP’s performance and in-depth knowledge of the regional markets in which they work.
Lodugnon, who joined ECP in 2001, leads the Abidjan office where he focuses on the firm’s activities in Francophone West Africa. Since joining ECP, he has been involved in the firm’s investment in and management of several portfolio companies, including Eranove, NSIA, Oragroup and Thunnus Overseas Group.
Maasdorp, who is based in ECP’s Nairobi office, covers Anglophone markets with a focus on East Africa. Since jojning ECP in 2010, he has played a central role in the firm’s investments in and management of IHS Holdings, Java House, Remitix Holdings and Maarifa Education.
Hurley Doddy, Co-CEO of ECP and a Founding Partner, commented on the announcements, saying “ECP’s latest appointment and promotions reflect our commitment to continuously building a senior management team that has a breadth of complementary skills, knowledge, and networks to help us achieve our investment objectives across Africa.”
As Africa Capital Digest reported in October, Nonnie Wanjihia also joined ECP’s Nairobi office in November as a Vice President of Investor Relations. She takes up the senior communications role after 3 years setting up and leading the East Africa Venture Capital and Private Equity Association. She’ll focus on broadening ECP’s base of investors, particularly among those based in East and South Africa.