Altica Partners, an Africa-focused investment firm that provides credit strategies to impact and ESG conscious institutional investors, appointed Andrew Ofori a partner of the firm and a member of its investment committee. Ofori will lead Altica’s private credit investments and expand the firm’s strategies targeting businesses in Africa.
Prior to Altica Partners, Ofori worked at Standard Chartered as the MEA head of structured credit and head of private side structuring, leading structured financings, private debt and derivative funding transactions. He was previously at Goldman Sachs in emerging market financing and European special situations, leading private capital investments and executing private lending transactions.
“We are delighted to welcome Andrew, who brings two decades [of] experience in emerging and developed markets credit,” Ebele Okeke, managing partner and CEO of Altica Partners, said. “I am excited to continue the partnership we began at Goldman Sachs, and his expertise in structuring, monitoring and risk management of private credit portfolios will be invaluable at Altica Partners.”
Ofori will work on the flagship Africa opportunities fund, targeting senior, mezzanine and unitranche investments in businesses in Africa’s private sector.
In addition to Ofori’s appointment, Altica Partners added Andrew Gamble and Nick Tims to its senior advisory board.
During his career as a lawyer and partner at Hogan Lovells, Gamble’s roles included head of the Africa and international banking practices, where he advised the governments of Sierra Leone, Mozambique and Ethiopia on their World Bank debt reduction programs. He also advised Nigeria on its Paris Club and London Club Debts and Ghana on the issue of inflation index-linked government bonds. He sits on the board of Zenith Bank UK and is chairman of a Singaporean startup focused on B2B between Asia and Africa. He was previously an independent board director of Afreximbank and sits on the governing council of the Pan-African payment and settlement system. He will be a consultant and non-executive director for Altica Partners.
Tims is the founder of Kivu Capital, an African advisory firm, and former managing director at Investec Asset Management. Tims has 30 years of financial services experience and led Investec’s capital raising in African private markets across private debt, private equity, infrastructure credit and private real estate. He was previously managing director and head of equity sales in London for Bank of America Merrill Lynch. He sits on the boards of three Africa-focused wildlife conservation organizations.
