In March 2007, the second ACCION conference on microfinance investment brought together 325 finance professionals – hedge fund managers, institutional and private investors, bankers, emerging markets specialists and rating agencies – to discuss the challenges, realities and opportunities of making microfinance a commercial asset class. The conference was sponsored by Credit Suisse and hosted by ACCION International in cooperation with theCouncil of Microfinance Equity Funds.
Participants at Microfinance Cracking the Capital Markets II Conference:
- Explored the latest deals and optimal shareholder structures.
- Discussed investment risks, hedging and exit strategies.
- Determined the investment potential for VCs, pension, emerging markets and social investment funds.
- Discussed the future of IPOs and other access to equity in microfinance institutions.
- Heard from fund managers and individuals that have already invested.
- Discussed future structures that meet investment grade criteria.
- Interacted with rating agencies to understand their pivotal role in “mainstreaming” microfinance investment.
- Learned what it will take to market microfinance paper to both individual and institutional investors.
Presentations from Microfinance Cracking the Capital Markets II Conference:
|Plenary I||Asad Mahmood – Deutsche Bank (PPT)
James Mwangi – Equity Bank (PPT)
Paul DiLeo – The Gray Ghost Fund (PPT)
Elizabeth Littlefield – CGAP (PPT)
Jean-Philippe de Schrevel – Blue Orchard Finance (PPT)
|Plenary II||Ingo Walter and Nicolas Krauss (PPT)|
|Plenary III||Leslie Rahl – Capital Market Risk Advisors (PPT)
Paul Christensen – ShoreCap Management Ltd. (PPT)
Joost Zuidberg – The Netherlands Development Finance Company (FMO) (PPT)
Mitchell Strauss – Overseas Private Investment Corporation (OPIC) (PPT)
John Fischer – ACCION Investments (PPT)
|Plenary IV||Klaus Tischhauser – responsAbility (PPT)
Bob Assenberg – Triodos Investment Management (PPT)
Alex Silva – The Antares Fund (PPT)