Rick Phillips

Rick Phillips Image


Head of Private Equity



“From the moment I landed in Uganda aged 28, I fell in love with the country – and the concept of growth markets private equity. Investments were high risk but high impact – we set up the country's first rose farm, the first fish factory, the first FM radio station and the first leasing company. Each day was wildly different, challenging and thrilling.”

Rick joined the private equity industry after university, attracted by its role in creating and building businesses. In 1993, he relocated to Uganda to take up a job with CDC after six enjoyable years at investment firm 3i based in the UK.

He then moved to Zimbabwe for five years, Southeast Asia for seven years and Egypt for five years. He later relocated to London and took on responsibility for private equity operations in Asia before becoming Head of Private Equity. 

The reason he has stayed so long? He immediately cites the people; the soul within Actis and the sense of purpose which means collectively we are trying to achieve something over and above just making money.

Rick holds a first class honours degree in economics from Exeter University.