Panel 13: Investments & Fundraising: The limited Partners Perspective- Key Players and Priorities
Panel Summary
Institutional, private, andgovernment/multilateral capital available from limited partners have a major influence on the structure, focus, and ultimate mandates of Africa private equity funds and other asset managers (i.e. general partners).From available capital and sector trends, to changing policy initiatives. Panelists will include representatives from some of the decision makers behind the majorsources of capital for Africa such as private investors, pension funds, familyoffices, development financial institutions, fund of funds, other institutionalcapital, etc.
 |
Lisa Lambie, Managing Director,
Cordiant Capital |
Lisa Lambie is a Managing Director at Cordiant, with responsibilities including Africa investments, oversight of the CIFA private equity fund, and mezzanine strategies.
Prior to Cordiant, Lisa was in Emerging Markets Structuring and Head of Distribution for Sub-Sahara Africa at Barclays/Absa Capital based in Johannesburg; instrumental in strategy, capital markets approvals, building institutional relationships, and with product responsibility for mezzanine, bonds, syndicated loans, equity private placement, structured credit derivatives, and foreign exchange. Emerging market experience also includes building the Corporate Finance franchise and related international market relationships at NCB (per AIC Caribbean private equity initiative).
Previously a Principal at Banc of America Securities in London responsible for leveraged finance, senior private equity coverage, and financial sponsor debt capital markets at JP Morgan; Lisa holds a MBA in Finance from Wharton and a BSE from Princeton. Board positions include Canadian Council for Africa, and Mecene Investments, a pan-African private equity fund.
Cordiant is a leading global emerging market fund manager, with US$1.4bn under management and 150 investments date. Since 2006, the firm has closed 27 strategic equity and debt investments in 13 African countries; currently manages 3 debt funds (incl. mezzanine), co-manages CIFA, and has an increasing strategic focus.
 |
Christian Eidem, Co-Founder,
Asante Oil |
Christian Eidem, is a private investor and board member of several companies. He also founded International Sports Management Group Ltd (one of Europe’s largest sports management companies), Asante Oil (an oil company focusing on Eastern and Southern Africa) and led an Anglo Norwegian consortium bidding for Liverpool FC in 2006. Additionally Mr. Eidem is an advisory board member of GrassRootSoccer, an African football charity (www.grassrootsoccer.org). Mr. Eidem has a Bachelor of Science in Economcis from the Wharton School of Business. He was a member of the varsity soccer team at the University of Pennsylvania and former player at Danish side AGF Aarhus.
 |
Cyrille Arnould,
Senior Investment Officer,
European Investment Bank |
Arnould graduated from the Institut d'Etudes Politiques, Université Robert Schuman. He also received a Masters in Law from Université Robert Schuman and holds an MBA from the Wharton School, University of Pennsylvania. In 2009, he became head of the European Investment Bank’s, Global Energy Efficiency and Renewable Energy Fund (EIB).
Prior to joining EIB, Mr. Arnould was Senior Officer in the European Investment Bank’s African Caribbean and Pacific department where he specialized in financial sector operations. As part of his global exposure he also worked in Russia for the European Bank for Reconstruction and Development (EBRD), as the Investment Manager for Smolensk Regional Venture Fund and then as EBRD's Principal Banker. His other professional experience includes Business Planning Manager for Eurodisney's. Mr. Arnould is currently chairman of the board of Advans SA SICAR and member of the boards of MicroCred SA as well as Banque Régionale des Marchés (Dakar, Senegal).
 |
Blessing Rugara,
Founder and Managing Director,
Circle Capital Global |
Mr. Rugara is the Founder and Managing Director of CCG. Mr. Rugara has structured and advised on over $2 billion dollars in transactions on four different continents. He has advised some of the largest corporations and largest financial institutions, and Heads of State and Government on a wide range of matters from Finance and Corporate law to Strategy and Governance.
Prior to CCG Mr. Rugara was a Partner in the Corporate Finance department of a large US based law firm. Mr. Rugara represented clients in a variety of industries and advised on transactions in multiple jurisdictions. Mr. Rugara worked with several Fortune 500 companies and many corporate entities. The majority of Mr. Rugara’s work was in the area of private issuances of debt and equity, municipal bonds, corporate law and board governance.
Mr. Rugara received his BA in Psychology from the University of Manitoba and served as Student Union President. He received his Juris Doctorate from the University of Minnesota Law School which he attended on a Royal Stone Scholarship and served on the Audit committee of the Board of Regents.
 |
Gustavo Eiben,
Head North American Investor Relations,
Aureos |
Gustavo Eiben is the head of North America investor relations of Aureos Capital. Aureos Capital is a global emerging market private equity manager focused on transactions across Africa, Asia and Latin America. Gustavo has held different positions within private equity since 1999 and has a vast experience in the asset class. Prior to Aureos Capital, Gustavo worked with the Alternative Investments Group at J.P. Morgan Private Bank raising and investing capital in third-party private equity funds. Prior to that, he was the head of fundraising and business development at Schroeder Ventures US, before that a member of the UBS private equity placement group. Gustavo started his career in the Mergers and Acquisitions group at PricewaterhouseCoopers in Buenos Aires, Argentina. Gustavo received an MBA degree from Thunderbird, the International Management School and a BA degree from Universidad Nacional de Cordoba.
 |
Omar Stevens,
Investment Officer-Alternative Investments,
Calpers |
Omar Stevens is an Investment Officer in the Alternative Investment Management (AIM) Program at the California Public Employees Retirement System (CalPERS). Mr. Stevens is part of the team that is responsible for investing in private equity partnerships and direct investments while monitoring a portfolio that currently exceeds $41 billion of invested and committed capital.
Prior to joining AIM, Mr. Stevens was an Analyst at Lehman Brothers.
Mr. Stevens received a B.S. in Computer Engineering from Columbia University and an M.B.A. from The Wharton School at the University of Pennsylvania.
 |
Marcos Brujis,
Fund Manager,
International Finance Corporation
Fund Capitalization Fund |
Marcos Brujis, the Fund Head of the IFC Capitalization Fund of a $3 billion fund to protect systemically important emerging-market banks from the effects of the global financial crisis.
He has been IFC's Senior Country Manager for Mexico and Central America since 2007, based in Mexico City. He joined IFC in 2000 as a Principal Investment Officer and was appointed Manager of Financial Markets for Latin America and the Caribbean in 2001. In early 2002, he helped coordinate IFC's response to the Argentine economic crisis. He has also served as a Senior IFC Manager in East Asia, and has managed IFC units focused on developing housing, insurance, and non-bank financial institutions.
IFC has a long-standing commitment to developing the private equity asset class in Emerging Markets. IFC is now approaching ten years of experience with a dedicated approach to investing in Funds. IFC currently manages $2.6bn in committed capital to global EM funds including 26 funds in Africa.
Before joining IFC, Marcos was a senior executive at HSBC Argentina. In 1994, he was appointed Chairman of the Board of The Argentina Private Development Trust (APDT), a privatization fund. He also was a Board member of the Peru Privatization Fund (PPF), a $200 million cash equivalent fund. He originated that fund in 1995, based on the success of APDT.
|