About

EMPEA’s DFI Council is an advisory body comprised of and dedicated to development finance institutions (DFIs) whose institutional mandates support financial sector development and investment in emerging markets. The Council provides an effective venue for its members to connect with each other, identifying practical ways in which peer collaboration and coordination can increase the efficiency and impact of DFI investments in emerging markets. The Council also assists in guiding EMPEA’s research and programming to increase awareness amongst global stakeholders about private capital’s role in advancing economic growth, as well as the importance of DFIs’ role within this asset class.

DFI Directory

The Council’s collaboration is a published directory of development finance institutions investing in private equity and structured debt in emerging markets. Compiled with the detailed contributions of Council members, the directory provides valuable information to the global industry about DFI activities, including investment priorities, fund manager criteria, and investment structures.

Michael Barth

Development Finance Institution Council Chair
EMPEA
Michael Barth

Development Finance Institution Council Chair

R. Michael Barth is Managing Partner of Barth & Associates LLC, an independent Emerging Markets investment advisory firm. Mr. Barth is a member of the Board of Directors of FINCA Microfinance Holding; the SEC
registered TriLinc Global Impact Fund; SFC— Finance Company


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EMPEA

Enricu Canu

Head of Equity Unit
EIB
Enricu Canu

Head of Equity Unit

Enrico Canu is Head of Unit, Equity, at the EIB responsible for investments in private equity and venture capital funds outside the European Union. Previously, he focused on environmental and infrastructure fund investments. Prior to EIB, he held positions at


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EIB

Jérémie Ceyrac

Head of the Private Equity Department
PROPARCO
Jérémie Ceyrac

Head of the Private Equity Department

Jérémie Ceyrac is the Head of the Private Equity Department at PROPARCO, covering both the fund of fund and direct investment activity. Since joining the French DFI in 2010, Jérémie has worked on numerous transactions in East, North and West


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PROPARCO

Clarisa De Franco

Managing Director, Head of Africa Funds
CDC Group plc
Clarisa De Franco

Managing Director, Head of Africa Funds

Clarisa has been at CDC since 2007, most recently leading our Africa Funds team. She manages a team that invests and manages a US$2.5bn portfolio that covers SME, mid-cap, large cap, infrastructure, renewable energy, real estate and agriculture funds across


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CDC Group plc

Anne Fossemalle

CEET/CIS Council Chair, Director, Private Equity Funds
European Bank for Reconstruction and Development (EBRD)
Anne Fossemalle

CEET/CIS Council Chair, Director, Private Equity Funds

Anne Fossemalle has been the Director in charge of Equity Funds at the European Bank for Reconstruction and Development since 2009.

Previously, she was the Director, Bank Equity, responsible for EBRD’s direct equity investments in banks. Prior to this appointment in


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European Bank for Reconstruction and Development (EBRD)

Jochen von Frowein

Director Equity Latin America
DEG
Jochen von Frowein

Director Equity Latin America

Jochen von Frowein, Director Equity Latin America at German development bank DEG, heads the team responsible for both direct investments and commitments to private equity and mezzanine funds in Latin America. The team is based in Cologne, Mexico City, Sao


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DEG

Andrea Heinzer

Chief Investment Officer and Partner
Obviam AG, Investment Manager of SIFEM
Andrea Heinzer

Chief Investment Officer and Partner

Andrea Heinzer joined Obviam’s predecessor SIFEM in 2006 from SECO, where she worked in the Department for Economic Development Cooperation. Andrea was responsible for SECO’s investment portfolio in Sub-Saharan Africa, and the implementation of SECO’s Investment and Technical Assistance Program


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Obviam AG, Investment Manager of SIFEM

Marcell Hetesi

Senior Investment Manager
OeEB (Development Bank of Austria)
Marcell Hetesi

Senior Investment Manager

Marcell Hetesi is Senior Investment Manager at the Development Bank of Austria in the equity team covering buy-side equity investment and portfolio management of funds.He is responsible for the origination and execution of finance transactions and portfolio management, and serves
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OeEB (Development Bank of Austria)

Carole Maman

CIO
BIO
Carole Maman

CIO

Carole Maman is Chief Investment Officer of BIO. She joined BIO in 2003 as investment officer for Africa and afterwards headed the Financial Sector Department.

Previously Carole had worked during 4 years for the International Finance Corporation/IFC in Washington for the Latin America Department and


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BIO

Paulo Martelli

Director Investments
FinDev Canada
Paulo Martelli

Director Investments

Paulo Martelli, Director Investments at FinDev Canada, is responsible for originating and structuring debt and equity transactions throughout Latin America, the Caribbean, and Africa.  Paulo brings over 10 years of emerging markets project finance experience, including the leadership of several


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FinDev Canada

Lynn Nguyen

Deputy Vice President
International Development Finance Corporation (DFC)
Lynn Nguyen

Deputy Vice President

Ms. Nguyen is the Deputy Vice President of Private Equity at the International Development Finance Corporation (DFC).  Ms. Nguyen serves as a member of the management team and is Chair of the fund manager selection committee with responsibility for the


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International Development Finance Corporation (DFC)

Jaap Reinking

Director Private Equity
FMO
Jaap Reinking

Director Private Equity

FMO

Gema Sacristán

Chief Investment Officer
IDB Invest
Gema Sacristán

Chief Investment Officer

Gema Sacristán is the Chief Investment Officer and part of the senior management team of IDB Invest, the private sector arm of the IDB Group. She is responsible for all IDB Invest’s business areas that includes Infrastructure and Energy, Corporates,


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IDB Invest

Yuichiro Sano

Deputy Director, Private Sector, Investment Finance Division
JICA
Yuichiro Sano

Deputy Director, Private Sector, Investment Finance Division

JICA

Riikka Talvitie

Senior Portfolio Manager, Private Equity (Portfolio and Risk Management Department)
FINNFUND
Riikka Talvitie

Senior Portfolio Manager, Private Equity (Portfolio and Risk Management Department)

Riikka Talvitie joined Finnish Fund for Industrial Cooperation Ltd (Finnfund) in 2006 after working as a legal counsel at a Finnish private equity fund. Started in Finnfund in the legal department as legal counsel in charge of most of the


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FINNFUND

Yee Hean Teo

Senior Investment Specialist
Asian Development Bank
Yee Hean Teo

Senior Investment Specialist

Yee Hean Teo joined the Asian Development Bank (ADB) as an Investment Specialist in 2015. As part of the Private Sector Operations Department, he is responsible for sourcing and executing private equity (PE) fund investments for ADB. Additionally, Mr. Teo


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Asian Development Bank

Nicholas Vickery

Portfolio Manager
IFC
Nicholas Vickery

Portfolio Manager

IFC
EMPEA represents the leading global investors in EM. I look forward to working alongside to drive much-needed capital for financing entrepreneurs and businesses worldwide.

Renuka Ramnath | Founder, Managing Director & Chief Executive Officer, Multiples Alternate Asset Management Private Limited

EMPEA plays an important and energetic role across the markets it represents, driving outreach and research initiatives, and promoting the role of private capital.

Brian Lim | Partner and Head of Asia and Emerging Markets, Pantheon Ventures

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Co-Executive Chairman, The Carlyle Group

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members.

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company