November 22 2017

EMPEA Appoints Torbjorn Caesar, Andrew Kuper and Drew Guff to its Board of Directors

London 22 November 2017:

EMPEA announces today that it has appointed Torbjorn Caesar, Senior Partner of Actis, and Andrew Kuper, Founder and CEO of LeapFrog Investments, to serve on the Board of Directors. Their appointments follow Drew Guff, Managing Director and Founding Partner of Siguler Guff & Company, joining the Board earlier this year.

Robert Petty, EMPEA’s Chairman said, “We are delighted to have such highly respected and experienced emerging market investors joining the EMPEA Board of Directors. Their broad range of expertise and global market intelligence will add a valuable perspective to the association’s leadership. This group of entrepreneurs has a demonstrated acumen in building businesses in emerging economies that will serve EMPEA and our community’s continued growth well.”

Torbjorn Caesar is Senior Partner at Actis, a Leadership Circle Member of EMPEA, and a leading investor in growth markets across Africa, Asia and Latin America. Actis has raised over US$13bn since inception, working across the Private Equity, Energy, Real Estate and Infrastructure asset classes in 13 offices globally and with investment capital in approximately 70 companies around the world which employ over 114,000 people. Prior to becoming Senior Partner, Torbjorn served as co-head of Actis’ energy business which has 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. Previously, Torbjorn joined Actis’ predecessor organization, CDC, the United Kingdom’s development finance institution and an EMPEA member, where he was a founding partner and later the CEO of Globeleq, the platform company of Actis’ first Energy Fund.

Dr. Andrew Kuper founded EMPEA Member LeapFrog Investments in 2007 and has served as CEO and Chairman of the Investment Committees since inception, building it into one of the world’s leading emerging market private equity firms. The firm’s original vision is Profit with Purpose. Today, LeapFrog’s companies reach 111 million people across Africa, Asia and Latin America with financial tools and healthcare. LeapFrog companies have also grown at 43% a year on average from the time of investment. Backed by many of the world’s leading institutional investors, LeapFrog is now the largest dedicated equity investor globally in financial services and healthcare for emerging consumers. In 2017, Fortune named LeapFrog as one of the top 5 Companies Changing the World, alongside Apple and Novartis. Dr. Kuper has won the EY Entrepreneur of the Year award and the SEN Leadership award from among the 25,000 chief executive members of YPO-WPO; he has authored books, articles and reports with diverse leaders and Nobel Laureates.

Mr. Guff launched one of the first private equity funds in Russia, Russia Partners, in 1994, which today manages approximately US$1.3 billion in private equity investments in Russia and the other countries of the former Soviet Union. In 1995, Drew Guff and George Siguler, who also served on the EMPEA Board, formed Siguler Guff & Company, which is recognized as a pioneer in investing long-term capital in the emerging markets and is a Founding Member and Leadership Circle Member of the association. Siguler Guff manages over $12 billion in assets, with private equity funds targeting specialized areas including emerging market economies, distressed and special situations assets, US small buyouts and distressed real estate investments. With over US$3 billion of capital dedicated to investing in the emerging markets, Siguler Guff is one of the largest private equity firms backing local managers in the emerging markets.

Mr. Guff commented on joining the EMPEA Board this year, “As a Founding Member Firm of EMPEA over a decade ago, I am proud of what the organization and its members have achieved. I look forward to playing an active role on the Board of Directors as we enter our next phase. While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever before.”

Responding to his appointment, Dr. Kuper said, “EMPEA has been instrumental in the expansion of private capital investment in emerging markets.” He continued, “I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.”

Mr. Caesar concluded, “Actis has been part of EMPEA from the very beginning – the organization today fulfils an integral role in bringing capital into the growth markets. Its market and industry intelligence opens doors to new sources of capital. I look forward to the future success of EMPEA and its members.”

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