The Summit will look to the future, examining how evolving investor sentiment will shape investment decisions, driven in part by the rise of the millennial generation and influenced by international agreements such as the Paris Climate Accord and UN SDGs. The agenda offers the opportunity for attendees to join round table discussions, led by current investors, focussing on impact investment sectors, including healthcare, agriculture, education and energy.
Sustainable Investing in Emerging Markets
Putting Smart Capital to Work to Maximise Impact and Returns
Aspada Investment Advisors
Kito De Boer
The Abraaj Group
Thought Leaders and Strategic Contributors
Current LP Registrations
Current LP Registrations
- APG asset Management
- Ascension Investment Management
- BIO SA
- Blue Haven Initiative
- Canada Life
- Multilateral Investment Guarantee Agency World Bank Group
- Nigeria Sovereign Investment Authority
- Ontario Teachers' Pension Plan
- The Peter Cundill Foundation
- RavenR Capital
- Times 3 Capital
- Schroder Foundation
- Soros Economic Development Fund
- St Catharine's College, Cambridge, Endowment
- Swiss Re
- W.K. Kellogg Foundation
"Great exposure to an international network of specialists in the ESG field."
- Emanuela Ambrosim, Ethos Private Equity
"Delighted that such well respected and intellectually rigorous organizations as EMPEA and FT have taken leadership in bringing together experts for a candid discussion of the challenges of achieving sustainability."
- Patricia Dinneen, EMPEA
"THE best networking events for sustainability in emerging markets."
- Imoni Akpofure, Kina Advisory Ltd
"Different perspectives but one global view at the Sustainable investing conference."
- Luz Maria Pineda, Fondo de Fondos (CMIC) Mexico
"FT Live sets the standard for insight and discussion."
- Donald Macdonald, IIGCC
The United Nations estimates that reaching the Sustainable Development Goals (SDGs) in emerging markets will cost approximately US$3.9 trillion per year, and assumptions based on current investment levels and private sector participa leave an estimated financing gap of US$2.5 trillion annually. Long-term private capital investors are thoughtfully considering the benefits and consequences of their emerging market portfolios, and increasingly focusing on creating value and scalable impact through sustainable business practices. Impact investing has emerged as key to closing the SDG financing gap and the most promising approach to providing financial returns above investor hurdle rates. Fund managers and institutional investors alike are measuring, evaluating and defining their impact across varied axes. As sustainable investment continues to be high on the agenda with data beginning to link impactful outcomes to significant commercial returns, this event brings together key industry stakeholders to address key concerns and share best practices.
Our industry-leading speakers and panellists will draw on personal experience, citing challenges and outlining solutions, including those demonstrated through case studies of recent investments. The agenda also offers the opportunity for attendees to join round table discussions, led by current investors, focussing on impact investment sectors such as healthcare, agriculture, education and energy. The Summit will also look to the future by examining how evolving investor sentiment, driven in part by the rise of the millennial generation and influenced by international agreements such as the Paris Climate Accord and the UN SDGs, will shape investment decisions. Attendees will include investors across the private capital spectrum, including family offices, foundations, endowments, development finance institutions, sovereign wealth funds and fund managers, seeking to better understand the financial/social implications of sustainable and impact investing.
The EMPEA Institute will also once again present the popular Sustainability and Operational Excellence Challenge. The top three fund manager finalists from the EMPEA Institute’s Sustainability and Operational Excellence Challenge will present case studies of portfolio company investments that demonstrate outstanding sustainable impact from an operational, environmental, social and governance perspective. Members of the audience will vote on the winner of the Challenge, who will be announced live at the Summit.
Kushal is Partner and Chief Financial Officer at Aspada Investment Advisors. he leads the agriculture portfolio at Aspada and serves on the boards of most of their agri-focused companies. Further, he leads the initiatives on fund raise - both debt and equity for the entire portfolio.hel is passionate about working with organizations in their formative phase and is closely involved with portfolio companies in their strategic and financial planning, process implementation, performance management and risk management. His previous engagements include Financial Controller at an e-commerce start up and significant stints at ITC – one of India’s largest conglomerate and PWC. He is a meritorious Chartered Accountant from the Institute of Chartered Accountants of India and a graduate in commerce from St. Xavier's College, Kolkata.
Kito De Boer
Kito de Boer is a Managing Partner, responsible for overseeing the Group’s Impact Investing business. Mr. de Boer has over 30 years’ experience across diverse geographies
In 2014, Mr de Boer was appointed by US Secretary of State John Kerry, to become Head of Mission of the Office of the Quartet based in Jerusalem. The Office of the Quartet was
created by the UN to lead the Peace Process between Israel and Palestine. The Quartet comprises of the UN, EU, US and Russia. Mr. de Boer assumed overall leadership when former Prime Minister Tony Blair stepped aside as Quartet Representative, and as Head of Mission, he had a specific focus to lead the Economic Track of the Peace Process. Prior to this diplomatic posting, Mr de Boer spent 29 years with McKinsey & Co. He joined McKinsey in 1985 in London. In 1993, he moved to New Delhi as part of the ‘launch party’ to establish the India office. In 1999, he moved to Dubai to establish the Middle East Office. In 2009, Mr de Boer co‐founded the Government Practice and was Head of the EMEA Region. At McKinsey, he was on numerous Committees including Partner Election, Review and Training as well as Risk. He was elected to the Shareholders Council which acts as the Board of the company.
Mr. Schonfeld holds an undergraduate degree in Law (LLB) from the Hebrew University in Jerusalem and an MBA from the INSEAD Business School in France & Singapore.
He has twenty years of experience in the fields of finance, strategy, economics, business development and law, with top-tier organizations such as McKinsey & Company, UBS and Ernst & Young. During this time he has led a large number of assignments in a broad range of industries, including infrastructure, construction, healthcare, energy, telecommunication, financial services and others, in many markets and regions worldwide, including Africa.
Mr. Schonfeld brings with him a strong foundation of business fundamentals and a rigorous, methodological approach to the analysis of potential investment opportunities by the Fund.
In his role as Head of Finance, he oversees all of Vital Capital’s financial operations, manages all investment opportunity screening and evaluation work, monitors and oversees many of Vital Capital’s portfolio investments and in many cases represents Vital Capital on these companies Boards of Directors, and drives Vital Capital’s fundraising efforts.
Hurley Doddy is a Managing Director, Founding Partner and Co-CEO of Emerging Capital Partners (ECP). ECP is the first private equity firm to raise more than $2bn for growth capital investing in Africa. Founded in 2000, ECP was one of the first firms dedicated to Africa, which today translates into investments in more than 50 African companies and 27 exits through seven funds. Today, ECP has more people on the ground than any other firm; more than 70% of its investment professionals, who hail from 12 African countries, operate from seven local offices.
Josh Lerner is the Head of the Entrepreneurial Management Unit and the Jacob H. Schiff Professor of Investment Banking at Harvard Business School. He graduated from Yale College with a special divisional major that combined physics with the history of technology. He worked for several years on issues concerning technological innovation and public policy at the Brookings Institution, for a public-private task force in Chicago, and on Capitol Hill. He then earned a Ph.D. from Harvard's Economics Department.
Much of his research focuses on venture capital and private equity organizations. (This research is collected in three books, The Venture Capital Cycle, The Money of Invention, and Boulevard of Broken Dreams.) He also examines policies on innovation and how they impact firm strategies. (That research is discussed in the books Innovation and Its Discontents, The Comingled Code, and The Architecture of Innovation.)
Among other recognitions, he is the winner of the Swedish government’s Global Entrepreneurship Research Award. He has been named one of the 100 most influential people in private equity by Private Equity International magazine and one of the ten most influential academics in the institutional investing world by Asset International's Chief Investment Officer magazine.
Hany Assaad is a co-founder of Avanz Capital, established in 2010 to pursue private equity investing opportunities across the broad emerging markets, focusing on middle market growth capital and buyout funds. As the Chief Portfolio & Risk Officer, Mr Assaad leads the sourcing, screening and negotiation of investments, risk management, and the environmental, social and governance aspects of Avanz Capital.
He has had a long career in emerging and frontier markets investments, including two decades at the International Finance Corporation (IFC). He was Chief Investment Officer in IFC’s Private Equity and Investment Funds, leading the investment process for sector-specific funds targeting investments in agribusiness, clean technology, clean energy, forestry, healthcare, information and communications technology, infrastructure, mining and sustainability funds. He also headed IFC’s private equity funds business in a number of emerging market regions. He has led IFC’s investments in climate change mitigation-focused funds from selection to commitment. He initiated and led the development of the first IFC $150 million investment program of climate friendly funds (clean energy, water, environmental services, clean technology and biodiversity). By the end of 2010, this new portfolio of funds comprised 9 commitments across all EM regions.
Prior to that he led IFC’s Financial Markets Sustainability Group and developed a new line of business that mainstreamed environmental and social finance through financial intermediaries across emerging and frontier markets. Mr Assaad was Divisional Manager for IFC’s Financial Markets, South and Southeast Asia department from 1997 to 2000, where he led investments in private equity funds as well as debt, mezzanine and equity financing to financial institutions in eight emerging countries. In October 1996, Mr Assaad assumed the role of Assistant to the President of the World Bank Group, Mr. James D. Wolfensohn, assisting the President on all aspects of his daily business. From 1987 to 1996, Mr Assaad worked in various investment positions in IFC covering North Africa, the Middle East and Central and Eastern Europe, where he oversaw investments in companies in the manufacturing and services sectors.
Edward Baker joined PRI in August this year. He is responsible for a range of investor and regulator engagements on climate change.
Previously, he was the UK Foreign & Commonwealth Office’s lead for green finance in China. Edward designed bespoke UK – China collaborations on green bond market development, low carbon indices, climate risk, carbon disclosure, green infrastructure investing as well as acting as a key interface between the Bank of England and the Peoples Bank of China in the run up to high-level bilateral dialogues and China’s 2016 presidency of the G20. Whilst at the FCO, Edward also brokered a partnership between the UK MET Office Hadley Centre and the Shanghai Metrological Bureau on the physical aspects of climate risk, which informed the adaptation strategy for China’s largest city. Prior to the FCO, he spent five years working in the private sector representing venture backed technology companies looking to expand their business in Asia. He speaks Chinese and Japanese and studied environmental economics at SOAS, the University of London.
Vikram is a Portfolio Manager with the AIP Private Market Strategies team. He has over 20 years of related experience and serves on a number of private equity fund advisory boards in Asia, Africa and Latin America. Prior to Morgan Stanley, he was a Principal Investment Officer at the International Finance Corporation, World Bank Group, where he led the investment program for climate-related private equity funds across emerging markets. Previously, Vikram was a founding member of the Emerging Markets Private Equity Fund (EMPEF) in Singapore. Earlier in his career, he was a management consultant with McKinsey & Company in London and a portfolio manager at Lazard in New York. Vikram received a B.A. in economics from St. Xavier’s College, Mumbai and an M.S. in finance from the Jamnalal Bajaj Institute, Mumbai. He also received master’s degree in international affairs from Columbia University. He holds the Chartered Financial Analyst designation
Jeremy Oppenheim is Founding Partner of SystemiQ, a new firm dedicated to building sustainable, market-based economies, programme director of the Energy Transitions Commission, lead author of the Better Growth, Better Climate report of the New Climate Economy project, and advisor to multiple governments, companies and foundations on system transformation and resource productivity.
Jeremy spent over 20 years at McKinsey, developing and leading its Sustainability and Resource Productivity Practice (SRP) from 2007-2015. SRP is accountable for McKinsey’s client and knowledge agenda on green growth, including resource productivity, resilience, climate policy, environmental finance, land-use and ecosystem service strategies, circular “closed loop” business models, clean-tech and energy policy.
Alex Macgillivray’s career has been at the interface of sustainable development and competitiveness. Before joining CDC, he held senior positions at AccountAbility and the New Economics Foundation, and has worked with a broad range of businesses, investors, governments and non-profits. At CDC, the UK’s development finance institution, Alex has led on impact management – from screening through the investment process to portfolio management and evaluation. CDC’s portfolio runs to 800+ businesses across Africa and South Asia. He has a keen interest in the challenge of job creation.
Anna Snider is a Managing Director and Head of Due Diligence for the Chief Investment Office within Global Wealth & Investment Management (GWIM), a division of Bank of America Corporation. In this role, she is responsible for manager research across all asset classes for the wealth management businesses. She also defines and executes investment strategies focusing on impact strategy research, thought leadership and investment implementation. Prior to this role, Anna was part of the alternative investments group where she advised clients on hedge fund and private assets portfolio construction and became head of research for externally managed alternative investment fund of funds. She was also a senior analyst in the risk management division at U.S. Trust.
Anna offers many years of investment and risk analysis experience, having held positions at the Federal Reserve Bank of New York, JP Morgan and UBS focusing on market, credit and operational risk management. She graduated from Connecticut College. She holds the Chartered Alternative Investment AnalystSM (CAIASM) designation. Anna serves as chair of the board for High Water Women, a foundation based in New York City.
Sara joined CDC in August 2014 and is responsible for evaluating and managing investments for the DFID Impact Fund. Prior to joining CDC, Sara was a Principal at Accion Frontier Investments, an equity fund investing in financial inclusion companies globally. Sara has also worked for the Grassroots Business Fund in Zambia, the Royal Bank of Scotland (Global Banking & Markets) and practised law at Clifford Chance. Sara holds a BA in PPE from Oxford University, a Graduate Diploma in Law from the College of Law, and an MA in International Development from Johns Hopkins SAIS.
With over 15 years’ experience in responsible investment, primarily serving the private equity, banking and development finance sectors, Shami was drawn to Actis by its leadership in responsible investing, the firm’s diverse culture and the opportunity to focus on growth markets. “Investing in the world’s most dynamic markets where environmental, social and governance challenges are typically the most acute, offers great opportunities to increase the value of our investments, whilst delivering positive impacts at the same time.”
Shami leads Actis’ approach to responsible investment, working closely with investment colleagues and company management to assess and manage ESG issues, helping to build world-class businesses and to deliver societal benefits.
Before joining Actis in 2014 she was as a senior consultant at PwC’s Sustainability and Climate Change team for ten years. Prior to this, Shami led the London business of Innovest Strategic Value Advisors, providing sustainability research and analytics to institutional investors and asset managers. Shami has also worked with the United Nations Development Programme in Central America.
Shami is a member of the UN PRI Supply Chain Risks Working Group, and a Steering Committee member of the Emerging Markets Private Equity Association’s Sustainability Working Group. Shami represents Actis at the Business Integrity Forum run by Transparency International UK.
Shami holds an MSc Environmental Technology, with Distinction, from Imperial College London and a BSc Biological Sciences from University of Durham.
Lars Zimmermann is a Senior Investment Manager at DEG Deutesche Investitions- und Entwicklungsgesellschaft mbH (“DEG”) in the African PE team, responsible for Direct Equity Investments and Fund Investments in Africa with a special focus of the Mena Region.
Mr Zimmermann joined DEG in 2009 as an Investment Manager and since then has been responsible for several investments in a number of countries across the globe including India, Mexico, Central America, and mostly across Africa.
Mr Zimmermann has more than 16 years of experience within the Emerging Markets and private equity, with extensive experience in the areas of Acquisition, Structuring, Valuation, Due Diligence and Portfolio Management of both Direct and Fund Investments.
In addition to overseeing the Mena PE business in DEG, Mr Zimmermann has served on various boards and Advisory committees of DEG’s Investments in different sectors such as Healthcare, Refinery and Infrastructure.
Mr Zimmermann has a Masters Degree in Business Economics from the University of Cologne and Copenhagen.
Maria Kozloski is Global Head and Chief Investment Officer of Private Equity Funds for
the International Finance Corporation, overseeing investments in private equity funds in
emerging markets. Prior to holding this position, she was Managing Director for the
Lockheed Martin Investment Management Company, overseeing a portfolio of
approximately $3.5 billion invested in private equity and real estate. Prior to Lockheed,
she had spent 13 years at The World Bank Group where she had extensive experience
investing in emerging markets for the International Finance Corporation, and managed
private equity investments on behalf of The World Bank’s pension system. During her
career, Maria has lived and worked in Moscow, Warsaw, New York City and Washington,
DC. She is a CFA and holds an MBA from The Wharton School at the University of
Pennsylvania, a Master of Arts in East European Studies from Johns Hopkins’ School of
Advanced International Studies and a Bachelor of Science in Mathematics from the
Massachusetts Institute of Technology. She is a Board member for the Whitman High
School Education Foundation and the Bannockburn Swim Team.
Ryan Brennan is Vice President for the Office of Investment Policy. In this
role, he leads a team that measures the expected developmental impact of
proposed projects and monitors active projects to ensure they are
environmentally and socially sustainable, respect human rights and
encourage positive host country development impacts.
Mr. Brennan has more than 20 years of investment and public policy
experience with an emphasis on access to capital for small businesses in
rural and highly urban communities. He was most recently Managing
Director at Advantage Capital Partners, a US based venture capital firm with
more than $2.3BN under management, largely focused on job creation
through investment in low-income areas. Mr. Brennan has been an active
member in the National Venture Capital Association and the Community
Development Venture Capital Alliance in addition to numerous state and
local economic development associations. He is the immediate past
President of the Boys and Girls Club of Napa Valley.
Mr. Brennan holds a B.S. from Truman State University and an MBA from
the Wharton School of Business at the University of Pennsylvania.
Elroy Dimson chairs the Newton Centre for Endowment Asset Management at Cambridge Judge Business School, and is Emeritus Professor of Finance at London Business School. Dr Dimson’s research focuses on investing for the long term, and he and his co-authors have become well known for their studies of the returns from all the main asset classes in 23 countries from 1900 to date. His empirical research, with several colleagues, on sustainable and responsible investing has been recognised by six major awards.
His books include Triumph of the Optimists, the Global Investment Returns Yearbook 2016, the Global Investment Returns Sourcebook 2016 (all with Paul Marsh and Mike Staunton), Endowment Asset Management (with Shanta Acharya), and Financial Market History (with David Chambers, forthcoming). Publications since 2015 have been on subjects such as active ownership (Review of Financial Studies), real assets (Journal of Financial Economics), financial history (Journal of Financial and Quantitative Analysis), endowment strategy (Financial Analysts Journal), long-horizon investing (five book chapters), as well as case studies on manager selection and on stocks for the long run (both Harvard Business School, 2016).
Dr Dimson chairs the Advisory Board of FTSE International, and serves on the Advisory Council of Financial Analysts Journal and the Steering Committee of the Financial Economists’ Roundtable. Until 2016 he chaired the Strategy Council of the Norwegian Government Pension Fund Global, and before going to Cambridge was a Governor and Professor at London Business School. He is an Honorary Fellow of CFA UK and of the Institute of Actuaries, and a Fellow of the Royal Historical Society and of the Risk Institute. He is on the editorial boards of seven finance/investment journals. His PhD is from London Business School.
John McKinley is a Director at BlackRock and a member of the BlackRock Impact team, working closely with the firm's global investment teams across equity, fixed income and alternatives to develop scalable, innovative investment solutions that address clients' financial objectives alongside their social or environmental objectives. Prior to joining BlackRock in 2014, Mr McKinley served as Innovation Manager at Acumen, a social venture fund investing debt/equity in companies delivering goods and services to low-income consumers across Southeast Asia, Africa and Latin America. Prior to Acumen, Mr McKinley served as a senior policy analyst in the Office of Mayor Michael Bloomberg in New York City and managed rule of law development programmes across 17 countries in Africa and the Middle East with the US Department of Justice. He has written for Harvard Business Review and lectured on impact investing at Haas School of Business, Columbia Business School, London School of Economics, and the McDonough School of Business at Georgetown University. Mr McKinley holds a BA from Middlebury College and a Master’s in Economic and Political Development from Columbia University.
Geoffrey Burgess is a corporate partner in the London office of Debevoise & Plimpton LLP. Mr Burgess has a broad international practice that ranges from private equity and cross-border mergers & acquisitions to joint ventures and intricate financing transactions.
Mr Burgess is ranked for Indian and Russian transactional work by Chambers Global (2012-2015) where he is noted as “a great lawyer,” “very astute and constantly a step ahead of events.” He is recommended in The Legal 500 Asia Pacific (2015). The guide has described him as being “very good’ on India-related matters.”
Mr Burgess joined Debevoise 1997 and has been resident in the London office since 1999. He is a member of the Legal and Regulatory Committee of the Africa Venture Capital Association and recently served on a UN/WTO committee for the preparation of a model joint venture agreement. Mr Burgess has been a member of the board of advisors of the Survey of East European Law, Columbia University School of Law since 1993.
Arif Naqvi established The Abraaj Group in 2002 and has served as its Group Chief Executive since inception, building it into one of the leading private equity firms in the world. Abraaj is widely recognized as a pioneer of global growth markets private equity with over 20 country offices including 5 regional hubs in Dubai, Istanbul, Mexico City, Nairobi and Singapore. Mr. Naqvi has over three decades of experience of investing in public and private companies and has led the Group’s investment strategy, resulting in some of the most notable private equity transactions across global growth markets over the last decade. Mr. Naqvi is a Trustee of the Interpol Foundation and is on the Board of the United Nations Global Compact. He is also a Columbia Global Leadership Council member and is an Honorary Fellow of the Royal College of Art in London. Mr. Naqvi has been the recipient of numerous awards, including the Oslo Business for Peace Award, the highest form of recognition given to individual private sector leaders for fostering peace and stability through business, and the Sitara-i-Imtiaz, a prominent civilian honor awarded by the Government of Pakistan. In 2011, Private Equity International named him as one of the 50 most influential people in the global private equity industry.
In 2008, Mr. Naqvi and his family established the Aman Foundation, the largest private social sector enterprise in Pakistan, which supports sustainable development in healthcare, nutrition and education.
Mr. Naqvi is a graduate of the London School of Economics and Political Science.
As a Sustainability Director at Robeco Private Equity Mrs. Deželan is responsible for ESG integration and the implementation of ESG engagement across different private equity programs. Before joining Robeco Private Equity, she was a Senior Program Manager at Rabobank Sustainability where she was in charge of the group-wide Responsible Investing Program. Prior to that she worked as a fund analyst at Rabobank Private Banking and as a sustainability analyst at the Institute for Investment Services Research (IRIS). Until 2007, she was an Assistant Professor of Finance at the University of Ljubljana, Faculty of Economics. She holds a PhD in Economics from the University of Amsterdam.
Bonny Landers is Head of Sustainable Responsible and Impact Investment at Sandaire, a multi-family office. At Sandaire she helps develop Sandaire Investment Office’s capabilities in sustainable, responsible and impact investment, while also advising families on their governance structures and assisting them to define their legacy.
Ms Landers, who joined Sandaire’s London office in 2015, has spent more than 25 years working in the US, Europe and Asia at major international banks in senior roles and across the full spectrum of products. From 2013 to 2015, Ms Landers ran her own company as an independent consultant, assisting families and foundations wanting to increase their sustainable and impact investments. In 2005, she was appointed CEO of a large single-family office in Hong Kong and specialised in assisting family members in socially responsible and impact investment.
Ms Landers also offers advice to charities and non-governmental organisations, mentors young people and serves on the Impact Investment Advisory Committee of Johnson & Johnson. She is an Honours graduate of Harvard University and holds a Diploma for Non-Executive Directorship from the Financial Times/Pearson Group.
Mathew Burrows serves as director of the Atlantic Council's Strategy, Foresight and Risks Initiative. The Atlantic Council is major foreign policy think tank in Washington D.C. Burrows’ SFR team works with a broad range of partners, including the U.S. Government, other governments, businesses, NGOs and foundations on analysing risks, trends and possible scenarios and their broad implications. Burrows authored the book: The Future Declassified: Megatrends that Will Undo the World Unless We Take Action (Palgrave/Macmillan, 2014).
In August 2013 he retired from a 28-year career in the CIA and State Department, the last ten being spent at the National Intelligence Council (NIC), the premier analytic unit in the US Intelligence Community. Other previous positions included assignments as special assistant to the US UN Ambassador Richard Holbrooke (1999-2001) and deputy national security advisor to US Treasury Secretary Paul O'Neill (2001-02). He received a BA in American and European history in 1976 from Wesleyan University and a PhD in European history from the University of Cambridge in 1983.
Chairs and Moderators (7)
Robert van Zwieten
Robert W. van Zwieten provides overall strategic leadership of EMPEA and oversees the continuous expansion of value to existing and prospective members and the organisation’s work to develop the asset class globally.
Prior to EMPEA, Mr van Zwieten was the Asian Development Bank’s Director of Private Sector Capital Markets, based in Manila, Philippines, responsible for origination and structuring of US$2.5 billion in transactions and investments across 40 Asian emerging and frontier markets. He oversaw ADB's US$1 billion in private equity investments deployed in 47 funds. He pioneered three new private equity funds and two new non-bank financial institutions, raising close to US$1 billion in third-party capital commitments.
Previously, he served as Managing Director and COO for an Asia-focused hedge fund venture, and prior to that as Senior Executive Vice President and CFO for the Singapore Exchange. His experience further includes roles as Senior Vice President, CAO and other leadership positions with Lehman Brothers in New York; Managing Director and Global Treasurer with GE Energy in Atlanta; and Managing Director and Treasurer for GE Capital Asia-Pacific in Hong Kong during the Asian Financial Crisis. Earlier in his career he worked with ABN AMRO Bank in Amsterdam, Chicago and Singapore, and with Royal VOPAK in Rotterdam.
Mr van Zwieten currently serves on the Board of Trustees of International House of New York, and is a Member of the Board’s Investment Committee. He is also the Chairman of the Board of Music For Life International, Inc. He earned an MBA from the University of Chicago Booth School of Business, holds JD and MA degrees from Leiden University in the Netherlands, and an LLM degree from Columbia University School of Law in New York.
Javier Espinoza is the FT's Private Capital Correspondent. Prior to his current role, he was the Daily Telegraph's Education Editor. Before joining the Telegraph in 2015, he was a multimedia Reporter for the Wall Street Journal in London. He studied journalism at City University. He is also a Political Economist having completed a second Master's degree at King's College London.
Aliya Ram has been the FT's European Technology Correspondent since September 2017. Prior to this she was a reporter at the Financial Times covering asset management with FTfm. Ms Ram has previously worked as a consumer industries reporter and on the UK news desk in London. She joined the FT in September 2014 after a brief stint at the British civil service.
Simoney Kyriakou is an award-winning financial journalist and published author, who has been writing about the financial services industry for nearly two decades. One of her first awards was for Socially Responsible Investment Journalist of the Year, sponsored by Friends Provident. She has been content plus editor at FTAdviser since January 2016; before this she was news editor on sister titles Financial Adviser and Investment Adviser. Her passion is to encourage more people to become financially literate, taking control of their own money management, budgeting, saving and spending wisely.
Andrew Jack has worked as a journalist for the Financial Times since 1990. He currently runs the curated content team, which picks the best news and analysis from the FT and the rest of the web. He was previously Deputy Editor of the Analysis section, Pharmaceuticals Correspondent, Moscow Bureau Chief, Paris Correspondent, Financial Correspondent, general reporter and corporate reporter. He is author of the books Inside Putin’s Russia and The French Exception, as well as numerous specialist reports, and has appeared on the BBC and other media outlets.
Natasha Buckley joined the PRI in August 2011. Ms Buckley is responsible for the PRI’s work in private equity, through which the PRI acts as a global platform to understand and share good practice, develop reporting practices and establish LP-GP alignment on expectations around responsible investment. Before joining the responsible investment industry, she held roles at UBS, the NHS and Simmons & Simmons (Paris). She has an MSc in International Relations from the London School of Economics, a BA in History from University College London and has completed the Oxford Private Equity Programme at the Saïd Business School, University of Oxford.
Robert Petty is Managing Partner and Co-Founder of Clearwater Capital Partners and a member of the Firm's Investment and Management Committees. Since founding the Firm in 2001, Mr Petty and Co-Founder Amit Gupta have invested profitably across cycles, sectors and geographies, building an Asia-focused business that is one of the largest credit investing firms in the region today. Over his nearly 30-year career, Mr Petty has focused on Asia-dedicated credit investments, with broad expertise in direct lending, stressed credit and distressed and special situations strategies. Mr Petty’s principal responsibilities at Clearwater encompass portfolio management, origination and overall management of the Firm. Prior to founding Clearwater, Mr Petty worked as a capital committer in Asian credit for fifteen years at Lehman Brothers and Peregrine Fixed Income, before moving to the investment side of the business working for March Lasry at Amroc Investments for three years.
Mr Petty sits on the Board of four Clearwater portfolio companies and also serves on the Boards of two non-profit organizations, The Emerging Markets Private Equity Association (EMPEA) and EngenderHealth. Mr Petty holds a Bachelor of Arts degree in Political Science from Brown University and is based in Hong Kong.
Agenda - 17th Oct
8:00amLimited Partners Breakfast (By Invitation Only)
8:00amRegistration and Networking
9:00amOpening Remarks from Financial Times & EMPEA Co-Chairs
Robert Petty, Chairman, EMPEA
Javier Espinoza, Private Capital Correspondent, Financial Times
9:05amKeynote Interview: How Can We Take Sustainable Investing to Scale?
Arif Naqvi, Founder and Group Chief Executive Officer, The Abraaj Group
Interviewer: Jonathan Wheatley, Deputy Emerging Markets Editor, Financial Times
9:50amKeynote Address: Long Range Sustainable Planning: Assessing Risk in Emerging Markets
- What will the world be like in 2035?
- What global risks must world leaders and policymakers understand?
- What imminent actions must be taken to ensure that the world of 2035 is a safe and prosperous one?
Dr. Matthew J. Burrows, Director, Atlanta Council’s Strategic Foresight Initiative and Author, The Future, Declassified: MegaTrends That Will Undo the World Unless We Take Action
10:15amPanel Discussion: Decoding the Elements of Sustainable Investing and Making the Case for Value Creation
- What are the approaches covered under sustainable investing and how do investors articulate sustainable vs. impact investing?
- What are the implications of the SDGs for impact investors?
- What are the active strategies for value creation in emerging markets private equity investing?
- How is an improvement in ESG issues translating into a higher exit premium?
- What is key to structuring private equity investments to manage financial trade-offs within an emerging markets portfolio?
- How can you maximize the opportunities to boost both financial and sustainable performance?
Jane Nelson, Senior Fellow and Director of Corporate Responsibility Initiative, Harvard Kennedy School
Shami Nissan, Head, Responsible Investment, Actis
John McKinley, Director, Impact Investing at BlackRock
Simoney Kyriakou, Content Plus Editor, FTAdviser
11:00amNetworking and Refreshment Break
11:30amPanel Discussion: LP Panel: Insights, Perceptions and Priorities
- What are LPs looking for from GPs in emerging markets?
- How do LPs view the current level of GP reporting on financial returns and ESG?
- What are the current LP priorities when seeking sustainable and impact opportunities?
- How do LPs see sustainable investments evolving in emerging markets?
- Perceptions of those looking to invest and case study examples of current investments
Bonny Landers, Head of SRI Investments and Family Governance, Sandaire Investment Office
Silva Deželan, PhD, Director Sustainability, Robeco Private Equity
Anna Snider, Managing Director and Head of Due Diligence, Global Wealth and Investment, Merrill Lynch
Andrew Jack, Editor, Curated Content; Head of Aggregation, Financial Times
12:15pmPanel Discussion: How Investors Can Use SDGs to Measure Impact
- How can investors measure impact to align capacity, teams and strategies to the SDGs, and how to best asses alignment?
- What should be measured and at what stage of the investment phase?
- What are the challenges with the main tools, techniques and roles adopted in measuring impact?
- How to develop benchmarks that quantitatively measure impact and contribution to the SDGs?
- How can practical, thoughtful impact measurement and management mitigate SDG-washing?
Kito De Boer, Managing Partner, The Abraaj Group
Alex Macgillivray, Director, Development Impact, CDC Group plc
Vikram Raju, Executive Director and Portfolio Manager, Morgan Stanley AIP
Jeremy Oppenheim, Founding Partner, Systemiq
Javier Espinoza, Private Capital Correspondent, Financial Times
2:00pmResearch Presentation: The Case for Coordinated Engagement
Elroy Dimson will reveal the first findings from a detailed study of global engagements with investee companies in order to determine how best to achieve impact as a responsible investor. The fundamental question he and his colleagues have been researching is this: Is it better for responsible shareholders to engage with companies individually or collaboratively with other concerned investors?
Findings are derived from exclusive access to PRI’s platform for coordinated engagements, reflecting over 1800 engagements spanning some 50 different countries and detailed information on the investors who are coordinating their efforts under the PRI umbrella.
Elroy Dimson, Professor, Chairman of the Centre for Endowment Asset Management, Cambridge Judge Business School and former Professor and Governor, London Business School (confirmed)
The working roundtables are small group discussions designed to allow attendees to discuss in detail a sector and the associated challenges, strategy and opportunities. Held under Chatham House rule to encourage an open debate, delegates will be pre-assigned to a discussion group, led by a fund with a track record in the sector as discussion leader. Delegates will have the opportunity to rank their preferred discussion topics. Some roundtables will be LP-preferred. Delegates will also have the opportunity to submit their preferred discussion points as guidance for the facilitator
Discussion leaders will present to the audience a summary report of the topic and main takeaways from each group discussion.
- Roundtable One: Opportunities and Trends in Healthcare – How to Achieve Scalable Impact
Facilitator: Geoffrey Burgess, Corporate Partner, Debevoise & Plimpton LLP
- Roundtable Two: Managing Emerging Risks – Gender and Diversity, Human Rights and Cybersecurity
Facilitators: Anna Snider, Head of Due Diligence, Global Wealth and Investment, Merrill Lynch
- Roundtable Three: Rethinking Energy: Renewables and Climate Change
Facilitator: Edward Baker, Senior Policy Advisor, PRI
- Roundtable Four: Agriculture - Identifying opportunities for value creation
Facilitator: Hany Assaad, Co-Founder and Chief Portfolio and Risk Officer, Avanz Capital Partners Ltd
2:30 pm – Introduction to the format and introductions to roundtable participants
2:35 pm – Topic Discussion
3:15 pm – Summarise / Identify top takeaways
3:30 pm – Roundtables conclude
- Roundtable One: Opportunities and Trends in Healthcare – How to Achieve Scalable Impact
3:30pmNetworking and Refreshment Break
3:45pmDFIs on the Evolution of the Impact Investing Market
- As impact investing is mainstreamed in pursuit of the SDGs, how can philanthropic and DFI capital crowd in other commercial private capital sources?
- How must the impact investor base evolve for impact investing to achieve and maintain scale?
- How much intentional alignment should there be between different types of investors or partners so as to bring together complementary skills, risk appetite and investment instruments?
- What concerns can arise due to a dependence on DFI anchor capital and how to best mitigate these risks?
Maria C. Kozloski, Global Head and Chief Investment Officer, Private Equity Funds, International Finance Corporation (IFC)
Lars Zimmermann, Vice President, DEG
Ryan Brennan, Vice President, Office of Investment Policy Overseas Private Investment Corporation (OPIC)
Sara Taylor, Director and Head of Impact Fund, CDC Group, plc
Moderator: Aliya Ram, Reporter, Financial Times
4:30pmViews from the Field: An Update from EMPEA’s ESG Member Community
Shami Nissan, Head, Responsible Investment, Actis
4:40pmSustainability and Operational Excellence Challenge
The top three finalists from the EMPEA Institute’s inaugural Sustainability and Operational Excellence Challenge will present stories of private equity deals that produced an outstanding sustainable impact from an operational, environmental, social and governance perspective.
Natasha Buckley, Investment Practices Manager - Private equity & Property, PRI
5:10pmSustainability and Operational Excellence Audience Voting and Award Presentation
You Decide. Audience members will vote on the most compelling case study presented and an award will be presented to the most outstanding and impactful private equity deal.
Natasha Buckley, Investment Practices Manager - Private equity & Property, PRI
5:20pmChair’s Closing Remarks
Robert van Zwieten, President and CEO, EMPEA
Javier Espinoza, Private Capital Correspondent, Financial Times
5:30pmEMPEA Members Reception
Co-hosted by EMPEA, Financial Times and Sovereign Risk Insurance at No. 4 Hamilton Place.
All Summit attendees are invited to attend.
The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. In 2016 the FT passed a significant milestone in its digital transformation as digital and services revenues overtook print revenues for the first time. The FT has a combined paid print and digital circulation of more than 910,000 and makes 60% of revenues from its journalism.
EMPEA is the global industry association for private capital in emerging markets. We are an independent non-profit organization. As EMPEA celebrates our 10th anniversary in 2014, we have over 300 member firms, comprising institutional investors, fund managers and industry advisors, who together manage more than US$1 trillion of assets and have offices in more than 100 countries across the globe. Our members share EMPEA’s belief that private capital is a highly suited investment strategy in emerging markets, delivering attractive long-term investment returns and promoting the sustainable growth of companies and economies. We support our members through global authoritative intelligence, conferences, networking, education and advocacy.
Thought Leaders and Strategic Contributors (6)
The Abraaj Group is a global institution investing in select markets across Africa, Asia, Latin America, the Middle East and Turkey. The Group currently manages c. $11 billion and is focused on investment strategies covering private equity, private credit, impact investing and real estate. By combining deep local reach, a global platform and underwriting standards with extensive operating capabilities, Abraaj generates industry-leading returns, having realized $6.8 billion from over 100 exits. Funds managed by the Group have made over 200 investments across a range of sectors.
Abraaj has a dedicated team of operating professionals who work hand-in-hand with investment teams to actively drive value creation in partner companies, helping them institutionalize and grow. The Group is committed to the highest environmental, stakeholder engagement and corporate governance standards and is a signatory to the United Nations-backed Principles for Responsible Investment and the United Nations Global Compact. Abraaj’s founder, Arif Naqvi, was appointed to the United Nations Global Compact Board by UN Secretary-General Ban Ki-moon in 2012 and to the Interpol Foundation Board in 2014. He is a B Team Global Business Leader and Founding Commissioner at the Business and Sustainable Development Commission.
Actis is a leading investor in growth markets with over US$13bn raised since inception and a growing portfolio of investments across Asia, Africa and Latin America. The firm identifies investment opportunities in response to two trends: rising domestic consumption and the need for sustained investment in infrastructure.
Actis consistently and responsibly delivers competitive returns, through insights gained from trusted relationships and local knowledge, deep sector expertise and an unparalleled heritage, set within a culture of active ownership.
Within private equity, Actis has invested over US$5.5bn and focuses on mid-market, high-growth companies across three sectors: consumer, financial services and healthcare. The business has completed over 150 transactions and 100+ exits across four fund vintages.
Actis’ real estate business closed its third fund in 2016 - the largest private real estate fund targeting sub-Saharan Africa to date. The investment strategy focuses on the development of retail, office and industrial assets in some of the most dynamic cities in the region.
Actis’ energy business invests in buy-and-build power generation and distribution businesses in Latin America, Africa and South Asia. The opportunity is driven by market growth, scarcity of electricity supply in growth markets and demand for private investment. The funds have invested over US$2.1 billion in more than 31 companies across 25+ countries generating 15GW of energy capacity and directly impacted 68 million consumers.
Actis is a signatory to the United Nations backed Principles for Responsible Investment (PRI), an investor initiative developed by the UNEP FI and the UN Global Compact. Actis was awarded an A+, the highest grade attainable, in the PRI’s latest assessment.
Debevoise & Plimpton’s Insurance Group brings more than 35 years of industry experience to provide premier legal advice on complex transactions, high-stakes disputes and challenging regulatory engagements. The firm has a long history in Asia, regularly working with major insurers on matters that grow, reshape or refocus their business.
Elevar Equity, a human centered venture capital firm, invests in transformative and scalable entrepreneurial ventures focused on underserved customers in low income communities. The Elevar Method of investing has democratized essential services for over 20 million underserved customers and catalyzed billions of dollars of capital into 30 companies in India and Latin America. Elevar is the founding or first institutional capital in several companies focused on financial services, agriculture, education, healthcare and housing. An entrepreneurial emerging markets team based in India, Colombia and the US, Elevar is widely recognized as a leader in impact investing.
The ILPA is the leading global, member-driven organization dedicated to advancing the interests of private equity Limited Partners through industry-leading education programs, independent research, best practices, networking opportunities and global collaborations. Initially founded as an informal networking group, the ILPA is a voluntary association funded by its members. The ILPA membership has grown to include over 300 member organizations from around the world representing over US $1 trillion of private assets globally.
The six Principles for Responsible Investment are a voluntary and aspirational set of investment principles that suggest actions for incorporating environmental, social and governance (ESG) factors into investment practice. The Principles were developed by investors, for investors. They have nearly 1,500 signatories, from over 50 countries, representing US$60 trillion.
The PRI works to understand the investment implications of ESG factors and to support its international network of investor signatories in integrating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole
media partners (3)
Preqin is the leading source of information for the alternative assets industry, providing data and analysis via online databases, publications and complimentary research reports. Preqin is an independent business with over 200 staff based in New York, London, Singapore and San Francisco serving over 12,500 customers in 94 countries.
Preqin has the most comprehensive and extensive information available on the private equity, hedge fund, real estate, infrastructure and private debt industries, encompassing funds and fundraising, performance, fund managers, institutional investors, deals and fund terms. Leading alternative assets professionals from around the world rely on Preqin’s services daily, and its data and statistics are regularly quoted by the financial press.
Analyse Africa, a service from the Financial Times, is a digital database providing macroeconomic data from leading global sources. Gain instant access to 2.1 million data records, from 49 world renowned providers, and 5,000+ professionally validated indicators, in order to analyse, evaluate and spot opportunities in Africa. Analyse Africa is used to analyse, understand and evaluate entire economies to inform critical business decisions by financial service organisations, corporations, government agencies, multilaterals, consultancies and research and academic institutions worldwide.
This is Africa, a digital service from the Financial Times, examines African business, development and politics in a global context, making sense of the relationships that Africa is building with the rest of the world. It challenges international preconceptions about the continent and identifies the opportunities and risks in this dynamic business environment.
Follow us on Twitter @ThisIsAfrica
Sign up for our free e-newsletter ThisIsAfricaonline.com/register
Supporting Partners (9)
AMIC is an independent non-profit association created in 2000 in order to develop the private equity and venture capital industry in Morocco and internationally; to promote best practices, transparency and responsibility amongst industry professionals; to create a favorable legal and fiscal environment by lobbying policy makers; to provide research and information on the industry; educate and train practitioners; and foster networking between members and state holders.
The African Private Equity and Venture Capital Association (AVCA) is the pan-African industry body which promotes and enables private investment in Africa. AVCA plays an important role as a champion and effective change agent for the industry - educating, equipping and connecting members and stakeholders with independent industry research, best practice training programmes and exceptional networking opportunities.
AVCA members span private equity and venture capital firms, institutional investors, foundations and endowments, pension funds, international development finance institutions, professional service firms, academia, and other associations. This diverse membership is united by a common purpose: to be part of the Africa growth story.
The East Africa Venture Capital Association (“EAVCA”) was founded in 2013 to represent the private equity industry in East Africa and provide a voice for industry players to raise awareness and engage on regional policy matters. EAVCA aims to ultimately play a greater role in mobilizing investment flows in the region.
Falk Marques Group LLC develops and produces professional conferences, insightful industry news and event content, and unmatched networking opportunities for an international audience of senior-level decision makers in private equity, venture capital and alternative investments.
Our highly acclaimed Women’s Private Equity Summit and Women’s Alternative Investment Summit are the cornerstones of our success. These major industry events bring together institutional investors, fund managers and advisors to the industry for an honest exchange of business ideas and information, invaluable networking and unrivaled deal-making. With the addition of Women’s PE Briefs, our weekly e-Newsletter showcasing the achievements of women in private equity and venture capital, Falk Marques Group is a multi-platform provider of valuable content to the industry’s top leaders.
The Latin American Private Equity & Venture Capital Association is a not-for-profit membership organization dedicated to supporting the growth of private equity and venture capital in Latin America and the Caribbean. LAVCA’s membership is comprised of over 170 firms, from leading global investment firms active in the region to local fund managers from Mexico to Argentina. Member firms control assets in excess of US$60b, directed at capitalizing and growing Latin American businesses.
SAVCA is a member organisation that promotes the venture capital and private equity asset class in Southern Africa. Its mission is to contribute to a vibrant industry characterised by: Access to capital to fund private equity and venture capital transactions; A healthy market for exits; A supportive regulatory regime; Transformation within the industry and portfolio companies; and Professional and ethical conduct.
WWF is one of the world’s largest and most respected independent conservation organizations, with over 5 million supporters and a global network active in over 100 countries. WWF's mission is to stop the degradation of the Earth's natural environment and to build a future in which humans live in harmony with nature. Along with conservation projects in river basins across the world, WWF is working to redirect global financial flows into sustainable water projects by providing a variety of innovative financial solutions, and transform corporate water management by promoting water stewardship, use of the Water Risk Filter by companies and investors, and expanded collective action. For more information, panda.org/freshwater
This event is designed for institutional investors and fund managers who are actively investing, or exploring; how to effectively integrate sustainability, responsible investing and ESG strategies in their emerging markets investment. Relevant titles include:
- Chief Investment Officers
- Heads of Sustainability
- Heads of ESG
- Heads of Responsible Investment
- Chief Executive Officers
- Chief Finance Officers
- Asset / Wealth Managers
- Investment / Fund Managers
- Portfolio Managers
- SRI Investors
- High Net Worth / Client Advisors
- Senior Consultants
Tickets priced at £1550 per delegate, are available to representatives from Consultancies and other Professional Services Firms.
Please note that we offer discounted rates for those wishing to attend both Sustainable Investing in Emerging Markets and Private Equity in Africa the following day.
For more information or to register at this discounted rate, please email or register now.
Why should I attend?
- Hear our opening keynote, a CEO of a successful corporate who has embedded ESG into the heart of their operations on a significant scale
- Leading LPs will discuss their sustainable priorities during our LP panel
- The interactive round table sessions will provide sector focus on Healthcare, Human Rights, Water Services and Agriculture
- The top three finalists from the EMPEA Institute’s inaugural Sustainability and Operational Excellence Challenge, will present stories of private equity deals that produced an outstanding sustainable impact from an operational, environmental, social and governance perspective
- Network with your peers in our exclusive LP Breakfast and EMPEA members drinks reception
Please note that we offer discounted rates for those wishing to attend both Sustainable Investing in Emerging Markets and Private Equity in Africa the following day.
Tickets are available to representatives from Consultancies and other Professional Services Firms operating in the following areas:
- Private Equity Funds
- Asset Management Firms
- Fund of Funds
- Multi-family Offices
- Investment Consultants
1 Day Ticket
2 Day Ticket
Non Empea Members
Complimentary places for LPs
A limited number of complimentary places are available to senior investment professionals from institutional investor firms that are LPs in private equity funds, who are not engaged in advisory services or fundraising operations. This includes senior investment professionals operating in the following areas:
- Public and Private Pension Funds
- Insurance Companies
- Single Family Offices
- Sovereign Wealth Funds
If this fits your company / business profile, please register now for your complimentary place.
We have arranged special accommodation rates at the Sheraton Grand London Park Lane Hotel for the nights of 16 October - 18 October at £310 per night.
To secure this please book online here.
Please note that rooms are limited so we recommend booking early to avoid disappointment.