Patrice Raymond BACKER

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Patrice Backer is a Partner and the Chief Investment Officer of Advanced Finance and Investment Group LLC (“AFIG Funds.”) AFIG Funds is a Mauritius registered private equity fund Management Company headquartered in Dakar, Senegal, with USD 267 million under management. AFIG Funds is a generalist fund manager focused on growth equity investments targeting 32 West, Central, and East African countries. Patrice is a director of several portfolio companies in Cameroon, Cape Verde, Ghana, and Nigeria. 

Before AFIG Funds, Patrice headed PromoCapital Haiti S.A., a binational investment firm channeling diaspora investments. Patrice began his Wall Street career in 1993 in JP Morgan’s Latin America M&A Group. He then joined the bank’s Emerging Markets Sales & Trading Group. He co-managed the Credit Derivatives Desk and became the head of the Finance Desk, a USD 7 billion portfolio of debt securities. He started his professional career at the Bank of Boston. 

Patrice was appointed to the Finance and Risk Committee of the Global Partnership for Education (GPE) as an independent member in 2021. GPE is the largest global fund dedicated to transforming education in lower-income countries. GPE delivers funds and supporting solutions to build strong and resilient education systems to benefit children, especially girls, in lower-income countries.  

Patrice graduated from the University of Pennsylvania, where he obtained a joint MBA from the Wharton School and an MA from the School of Arts and Sciences in 1993. He is a Fellow of the Lauder Institute Global MBA program. He graduated from Harvard College in 1988.