Former Siguler Guff managing director Patricia Dinneen has joined the Emerging Markets Private Equity Association as a senior advisor, an EMPEA spokesperson confirmed.
Dinneen started at EMPEA in January. At Siguler Guff, which she joined in 2004, Dinneen was tasked with building and managing the firm’s business focused on the BRIC countries as well as “select frontier markets”, according to EMPEA’s website. Prior to working at Siguler Guff, she was a consultant at Cambridge Associates, where she led research, client advisory work and due diligence in emerging markets, and spent 10 years at telecommunications provider British Telecommunications.
Last November, Dinneen was named chair of EMPEA’s newly formed Impact Investing Council, an advisory group that works with EMPEA to advance impact investing. During a lecture at the University of Notre Dame’s Mendoza College of Business last April, Dinneen said she was soon to embark on the “the beginning of my next career…social impact investing.”
Dinneen has been credited with creating the first comprehensive database for emerging markets private equity, working alongside international finance institutions. Siguler Guff managing director Ralph Jaeger reportedly replace Dinneen in her role on the firm’s BRIC team. Both Jaeger and a spokesperson for Siguler Guff were unavailable for comment at press time.
Private equity and venture capital firms invested $24 billion in emerging markets last year, an annual drop of 7 percent, according to EMPEA research released earlier this month. Despite the slowdown, particularly in the BRIC countries, an earlier survey by EMPEA showed that 60 percent of LPs expect their commitments to emerging markets to increase over the next two years.