The EMPEA Team

Holly Radel is a Managing Director at EMPEA and co-leads the organization's operations, strategic direction and growth initiatives. Holly also manages Marketing and Communications, including directing EMPEA's investor relations activities and developing its global community of limited partners as part...
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As a Managing Director at EMPEA, Shannon Stroud co-leads the organization’s strategy and operations, financial planning and growth and business development agenda. Shannon also leads and manages EMPEA’s portfolio of programs and business development activities, including the IFC-EMPEA Global...
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Kyoko Terada is a Managing Director at EMPEA and co-leads the organization’s overall strategic direction, operations and financial oversight. In addition, she is responsible for all aspects of member relationship management and institutional partnerships whereby she leads EMPEA’s work in...
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Ann Marie is responsible for the planning, development and implementation of EMPEA’s regulatory advocacy activities. She works with the organization’s Legal and Regulatory Council, member firms, partners and other global stakeholders to effectively influence regulatory outcomes in support of the...
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Jeff Schlapinski is the Senior Director of Research at EMPEA, where he leads a team producing industry data, analysis and in-depth reporting on private equity, private credit, infrastructure and real assets investing in emerging economies. In addition to providing quarterly...
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Olivia Drouhaut is the Manager of Programs & Business Development at EMPEA, where she is responsible for organizing and coordinating conferences, trainings and web seminars within EMPEA’s programs portfolio, including the IFC/EMPEA Global Private Equity Conference, the Private Equity in...
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Rae Winborn is a Senior Research Analyst at EMPEA, where she covers China. Prior to working at EMPEA, Rae participated in a 6-month social entrepreneurship fellowship based in Hyderabad, India, where she worked for a school analytics and improvement company,...
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Luke Moderhack is a Senior Research Analyst at EMPEA, where he covers CEE/CIS and MENA. As an undergraduate, he conducted research on the Saarland’s post-WWI currency transition and studied German in Munich. Luke graduated from Northwestern University with a B.A....
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Email: ruckerm@empea.net | Phone: +1 202 333 8171, ext. 1230

Isabelle Diop is a Senior Research Analyst at EMPEA, where she covers Sub-Saharan Africa and India. She is from Senegal and is fluent in French. Prior to joining EMPEA, she worked for UBS and Paris-based Amundi Asset Management. She graduated...
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Email: horvathk@empea.net | Phone: +1 202 333 8171, ext. 1224

Sabrina is a Research Analyst at EMPEA, where she covers India and China. Sabrina graduated from the London School of Economics and Columbia University's Dual Master's Program in International & World History, where she focused on sustainable development in historical...
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Email: gormand@empea.net | Phone: +1 202 333 8171, ext. 1241

André Roux is the Founding Partner of Ethos Private Equity, having established the business in 1984.
He is widely regarded as one of the pioneers of South African private equity and held the post of Chief Executive since Ethos’ inception
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David has accumulated over 35 years of experience in international capital markets in a career that has taken him around the globe. Returning to his native Montreal in 1999, he co-founded Cordiant, a pioneer of private credit financing for investments
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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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Sanjiv Kapur serves as Senior Advisor at EMPEA. Sanjiv brings to the organization over 25 years of emerging markets private equity investment experience and contributes to EMPEA’s global mission through his deep industry relationships and diverse market expertise. Previously, he
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Peter Tropper is a Senior Advisor to the Emerging Markets Private Equity Association (EMPEA). He recently retired as Chief Investment Officer in IFC's Private Equity Group, which had commitments of more than $3.0 billion in over 180 private equity funds
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Kelly is a Senior Advisor to GCM Grosvenor with a focus on diversity and corporate social responsibility. Kelly joined GCM Grosvenor in 2014 and served as President of GCM Grosvenor Private Markets until June of 2015, where she was a
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Patricia M. Dinneen has focused on Emerging Markets for most of her 36-year career. She joined EMPEA in February 2014 as a Senior Advisor and was appointed Chair of the EMPEA Impact Investing Council in 2013, to help professionalize and
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