Private Equity Exec Joins Grameen

Jan 30 2007 | 9:10am 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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of