The Nigeria Higher Education Foundation (NHEF) congratulates Wale Adeosun, president of the NHEF, on his appointment to the U.S. President’s Advisory Council on Doing Business in Africa (PAC-DBIA). As part of the U.S. Strategy toward Sub-Saharan Africa initiative, PAC-DBIA works through U.S. Secretary of Commerce Penny Pritzker to advise the White House.
Mr. Adeosun is one of 16 private sector leaders named to the PAC-DBIA to provide information, analysis, and recommendations for increasing U.S. trade, investment, and engagement in Africa. The continent is home to six of the 10 fastest growing economies in the world today.
“It is a privilege to serve the President and the Secretary of Commerce as a member of the Advisory Council,” Adeosun said. “In my work with PAC-DBIA, I will continue to advocate for increased private capital transactions in Africa with the goals of creating jobs in the U.S. and Africa, providing African companies with access to capital, and assisting our strategic partners in identifying attractive risk-adjusted opportunities in Africa for their institutions.”
Adeosun has over 20 years of experience in global capital investment management and philanthropy. Alongside his role as president of the NHEF, Adeosun is Founder and Chief Investment Officer of Kuramo Capital Management, LLC., an independent investment management firm that provides targeted global investment management services to institutional investors focused on alternative assets in emerging and frontier markets. In addition, he chairs the Investment Advisory Committee of the $180 billion New York State Common Retirement Fund and is a member of the Sub-Saharan Africa Committee of the Export-Import Bank of the United States.
Prior to founding Kuramo Capital Management, Adeosun was Treasurer and Chief Investment Officer at Rensselaer Polytechnic Institute (RPI), where he oversaw $1 billion in endowment and pension assets and spearheaded RPI’s investment in emerging and frontier markets, including those in Africa. He also served as managing director in the Investments Group of the MacArthur Foundation, where he managed $2 billion in public equities and hedge fund assets and served on the Africa Task Force Committee that guided MacArthur’s Africa program and established its office in Nigeria.
In 2008, Adeosun was inducted by the New York Chapter of the National Association of Security Professionals into its Wall Street Hall of Fame. He was designated a Chartered Financial Analyst by the CFA Institute, of which he is also a member, in 1995.