Devang is an Associate Partner in Dalberg's Johannesburg office. He also leads Dalberg’s Youth Development practice, which focuses on topics related to education and employment for youth. He advises both public and private sector clients on topics such as primary and secondary education, vocational training, employment readiness programs, innovative financing mechanisms, and enterprise development.
In the K-12 education sector, Devang recently assisted the CDC Group in conducting due diligence on a chain of low-fee private schools in Kenya. The due diligence included site visits and stakeholder interviews, and it enabled the CDC Group to make an informed investment decision. Devang has also advised the Michael and Susan Dell Foundation on developing a public-private partnership for the introduction of contract/charter schools in South Africa. The engagement will result in the development of three pilot schools, which will provide a new PPP model in the education sector. In the vocational training sector, on behalf of Yellowwoods Investments, Devang recently led a review of the vocational skills training landscape in India and Africa. The review identified a number of opportunities for collaboration and knowledge-sharing across the two continents. Devang has also advised Harambee, a youth employment organization in South Africa, on its scale-up and financial sustainability strategy as well as the Association of African Business Schools on the development of a management training program for the agribusiness sector in Africa.
Devang has also helped develop a number of innovative financing mechanisms. Most recently, he helped develop HUGinsure – the world’s first social impact insurance mechanism. HUG will enable non-profit organizations accelerate funding that can be deployed quickly in time-sensitive situations such as natural disasters. It will also enable social enterprises access more working capital and thereby scale their operations at a faster pace. On another engagement, Devang assisted in the development of a social impact bond for malaria control in Mozambique. He has also advised the Clinton Health Access Initiative on the development of an endowment fund for malaria reduction across the African continent and he participated as an expert panelist on the subject at a cross-country consultation workshop on health financing in Swaziland.
Outside of Dalberg, Devang has volunteered as a Due Diligence Committee Member at the Beyond Capital Fund, helping the organization invest in social enterprises in the health, water and sanitation sectors. Prior to joining Dalberg, Devang worked for six years with Mercer Consulting in the United States where he advised Fortune 500 companies on strategic human capital and performance measurement issues. He was an Education Pioneers Fellow in Chicago through which he advised the Chicago Jesuit Academy – a ‘charter’-type school – on scaling its operations. Devang has also advised the Meritas Family of Schools, a network of private boarding schools, on their performance management framework and helped the organization implement a system to monitor and evaluate school performance. Devang taught mathematics in rural Tanzania and is familiar with the unique challenges facing teachers and administrators in Africa.
Devang holds an MBA with honors from the University of Chicago Booth School of Business and an undergraduate degree in Economics from Claremont McKenna College. He was born and raised in India.