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Development Finance Institution (DFI) Council


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.


Council Members

Three Column

Michael Barth (Chair)
Senior Advisor
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John Kristensen (Vice Chair)
Senior Investment Manager, Head of Fund Investments
Swedfund International
Three Column

Carmen Elena Carbonell
Corporate Director, Specialized Financial Services
Corporacion Andina de Fomento (CAF)
Three Column

Susana Garcia-Robles
Principal Specialist
Multilateral Investment Fund/IADB
Three Column

Andrea Heinzer
Chief Investment Officer and Partner
Obviam (Manager of SIFEM)
Three Column

Maria C. Kozloski
Chief Investment Officer
International Finance Corporation (IFC)

Carole Maman

Three Column

Alagappan Murugappan
Managing Director
CDC Group plc
Three Column

Jesper Persson
Head of Private Equity, Director for Operations outside of Europe
European Investment Bank (EIB)
Three Column

Brooks Preston
Head of Investment Funds
Overseas Private Investment Corporation (OPIC)
Three Column

Anne-Sophie Rakoutz
Head Private Equity Division
Three Column

Jaap Reinking
Director Private Equity
Three Column

Gunnar Stork
Director Equity & Mezzanine - Africa & Latin America
Three Column

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