Adrian Mucalov

Adrian Mucalov Image


Partner: Infrastructure





“I consider the opportunity to work in growth markets to be deeply fulfilling; Actis contributes to true economic development, including the provision of electricity to countries with historic scarcity through the Energy fund. Bringing together the private sector, government and communities to support world class power projects in Africa is a challenge which inspires Actis qualities of resourcefulness, tenacity and positive teamwork.”

Adrian joined Actis in 2009 and is responsible for originating and managing investments in the infrastructure sector. He transitioned from the energy sector where he has been heavily involved in all of Actis’ distribution investments, including Umeme in Uganda, Eneo in Cameroon, and Energuate in Guatemala. Adrian supported the successful IPO and subsequent capital markets partial exit of Umeme. In addition, Adrian worked on the acquisition of Fund 2’s Kribi and Dibamba assets, which were sold as part of the Globeleq Africa portfolio. Prior to Actis, Adrian worked as a management consultant with Monitor Group & Monitor Corporate Finance in Toronto and Seoul from 2001 to 2004 and as Director of International Expansion at Endeavor Global from 2008 to 2009. He also spent time with the European Bank for Reconstruction and Development (2007), UNDP in Indonesia (2006), CARE International Zambia (2005) and Goldman Sachs investment banking (2000).

 Adrian holds an MBA from Harvard Business School, an MPA/ID degree from Harvard Kennedy School and a B.Com (Honours) from Queen’s University (Canada), and is a CFA charterholder.