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Lucas Kranck Founding Partner at Ascent

Profile

Ascent advises Ascent Capital Africa Ltd (Ascent Capital), the manager of Ascent Rift Valley Fund, a Mauritius based USD 80 million growth equity fund established in 2014. Through its associated advisory firms Ascent Capital is represented in Ethiopia, Uganda and Kenya.

The first close of the successor fund, Ascent Rift Valley Fund II, is targeted for the first half of 2019. The fund will invest in Ethiopia, Uganda, Rwanda, Tanzania and Kenya.

Prior to founding Ascent, Lucas spent 5 years with leading Scandinavian law firm Snellman and 12 years in senior roles with Nokia in China, Latin America and Africa, most recently as General Manager, East Africa.

Lucas has spent 13 years in Africa and has been a resident of Ethiopia and Uganda and is currently a resident of Kenya. Lucas holds a law degree from the University of Helsinki and an MBA from INSEAD.

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