About

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.

Michael Barth

Senior Advisor

EMPEA

Michael Barth is Managing Partner of Washington based Barth & Associates LLC, an independent emerging... Read More

Michael Barth

Senior Advisor

Michael Barth is Managing Partner of Washington based 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 TriLinc Global Impact Fund, Bamboo Finance
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EMPEA

John Kristensen

Swedfund

Carmen Elena Carbonell

Corporate Director, Specialized Financial Services

Corporacion Andina de Fomento (CAF)

Carmen Elena Carbonell

Corporate Director, Specialized Financial Services

Corporacion Andina de Fomento (CAF)

Susana Garcia-Robles

Principal Investment Officer

IADB

Susana Garcia-Robles

Principal Investment Officer

IADB

Andrea Heinzer

Chief Investment Officer and Partner

Obviam AG, Investment Manager of SIFEM

Andrea Heinzer joined Obviam’s predecessor SIFEM in 2006 from SECO, where she worked in the... Read More

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

Carole Maman

CIO

BIO

Carole Maman is Chief Investment Officer of BIO. She joined BIO in 2003 as investment officer for... Read More

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

Alagappan Murugappan

Managing Director, Asia Funds

CDC

Muru joined CDC in October 2013 having worked previously in senior roles in private equity... Read More

Alagappan Murugappan

Managing Director, Asia Funds

Muru joined CDC in October 2013 having worked previously in senior roles in private equity and investment banking in India. His private equity experience includes a stint at Actis in India and more recently, he headed the infrastructure fund at
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CDC

Anne-Sophie Rakoutz

Proparco

Anne-Sophie Rakoutz started her career in 1998 as an auditor and then a manager at... Read More

Anne-Sophie Rakoutz

Anne-Sophie Rakoutz started her career in 1998 as an auditor and then a manager at PricewaterhouseCoopers in Paris. From 2005 to 2009 she worked for SNCF, the French Railways company,  in the Mergers and Acquisitions Department. She joined Proparco in
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Proparco

Jaap Reinking

Director Private Equity

FMO

Jaap Reinking

Director Private Equity

FMO

Riikka Talvitie

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

FINNFUND

Riikka joined Finnish Fund for Industrial Cooperation Ltd (Finnfund) in 2006 after working as a... Read More

Riikka Talvitie

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

Riikka 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 fund
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FINNFUND

Lynn Nguyen

Head PE Investments

OPIC

Ms. Nguyen is a Managing Director in the Investment Funds Department (IFD) at the Overseas... Read More

Lynn Nguyen

Head PE Investments

Ms. Nguyen is a Managing Director in the Investment Funds Department (IFD) at the Overseas Private Investment Corporation (OPIC).  OPIC is one of the largest private equity fund sponsors in developing nations, providing support for the creation of privately-owned and
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OPIC

Mariana Barcena

DEG

Nicholas Vickery

Portfolio Manager

IFC

Nicholas Vickery

Portfolio Manager

IFC

TBD

JICA

... Read More

TBD

EMPEA has served as a useful reference platform for CDPQ by helping to define the eligible universe of fund managers in growth markets. Membership provides background data and a...

Rashad Kaldany | Executive Vice-President and Growth Markets, CDPQ

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 Managing Director, The Carlyle Group