Patricia Dinneen, a senior investment executive who worked at Siguler Guff since 2004, has left the firm and joined the Emerging Markets Private Equity Association as a senior advisor.
Ralph Jaeger, a managing director at Siguler Guff, has replaced Dinneen as portfolio manager of the firm’s investment focus on Brazil, Russia, India, China (BRIC) and certain frontier markets, Jaeger confirmed to peHUB Monday.
A spokesperson for EMPEA confirmed that Dinneen has joined the organization, but declined to provide details about what she will focus on. The spokesperson said EMPEA will make an official announcement in the next few weeks.
Dinneen helped build and manage the BRIC private equity business at Siguler Guff, according to her biography on EMPEA’s website. Siguler Guff’s first BRIC Opportunities Fund raised $610 million in 2005. Fund II raised $893 million in 2007, according to the firm’s website.
The firm has been in the market raising its third BRIC fund since at least 2011. As of April 2013, the fund had collected about $155 million, according to a filing with the U.S. Securities and Exchange Commission. It’s not clear how much the fund has raised to date or if it has officially closed.
Before joining fund of funds Siguler Guff, Dinneen worked at consultancy Cambridge Associates. At Cambridge, Dinneen, along with the International Finance Institution, created the first, comprehensive emerging markets database to measure performance, according to her biography on Siguler Guff’s website. That biography is no longer available on the site.
Dinneen also spent 10 years working at British Telecommunications in London, where she worked on investments and joint ventures in the U.S., Europe and Asia. She also held positions at Hughes Communications, The RAND Corporation and the White House.
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