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Latin America Comes of Age (Privcap video)
Ralph Keitel of the IFC hails $10bn in exits across Latin America in 2011, but describes vast areas still in need of private capital - like Haiti
In a wide-ranging interview with Privcap, Ralph Keitel, Principal Investment Officer of the International Finance Corporation (a division of the World Bank), describes a landscape in which distributions to investors now equal fundraising statistics – a healthy sign of value being realized in a market that has not always benefited from much liquidity. Keitel discusses the strength of the Colombian market, why Brazil still needs development capital, what his group looks for when considering backing a new GP team, and how the IFC will work to custom-create a private equity firm when a developing economy desperately needs one, as was the case recently in Haiti.
View the full video here - http://www.privcap.com/
Principal Investment Officer
International Finance Corporation
Ralph Keitel is currently a Principal Investment Officer in the Private Equity and Investment Funds department of the IFC International Finance Corporation, the private sector arm of the World Bank Group. Since joining IFC in early 2006, he has been responsible as regional lead for all of IFC’s private equity fund activities in Russia/CIS and, since 2008, Africa. Ralph is currently based in IFC’s Johannesburg office.
Prior to joining IFC, Ralph was with Caisse de Dépot et Placement de Québec (CDP) in Montréal, where he was responsible for a portfolio of venture capital funds in North America and Europe. Previously, he spent nearly 5 years with TBG (now part of the KfW Group, Frankfurt), providing seed financing and venture capital for technology start-up companies before assuming responsibility for TBG’s funds portfolio.
Ralph holds a Bachelor’s degree in Business Administration and a Master’s degree in Economics from the University of Bonn (Germany) as well as a post-graduate degree in Management (Dean’s Honour List) from McGill University in Montreal (Canada).