Private Equity Exec Joins Grameen

Jan 30 2007 | 10:10am ET

Former private equity executive Diane Smith has joined the Grameen Foundation, a nonprofit organization supporting worldwide microfinance activities founded by Nobel Peace Prize winner and Grameen Bank founder Muhammad Yunis.

Smith—who helped set up U.K.-based Electra Investment Trust’s new U.S. private equity portfolio and spearheaded its efforts in South America—was named director of Grameen’s capital markets group. She will lead its efforts to source new financing opportunities for poverty-focused microfinance institutions.

“We are excited to have Diane join us and lead our team in its work to unlock vast reserves of capital for the benefit of poverty-focused microfinance institutions and their clients,” Alex Counts, Grameen Foundation co-founder and president, said. “The demand for large amounts of capital in local currency is growing amongst leading microfinance institutions, and making it available to them will catalyze growth, innovation and new thinking about leveraging microfinance as a platform for social change.”

In addition to her time with Electra, Smith most recently served as a consultant to early-stage entrepreneurs seeking growth capital.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of