Runa Alam

Runa Alam

Co-Founder and Chief Executive Officer
Development Partners International

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Runa Alam is co-Founding Partner and Chief Executive Officer of Development Partners International (DPI), a pan-African private equity firm with over US$1.1bn of assets under management. She has more than 30 years of investment banking, emerging market management and private equity experience. For the three years before starting DPI, Ms. Alam was Chief Executive of two African private equity funds run in parallel:  the Zephyr Management African Investment Fund (ZMAIF), a joint venture between Zephyr Management of New York and Prince Al-Waleed’s Kingdom Holdings, and the Pan-African Investment Partners and the Pan Commonwealth Africa Partners (PAIP/PCAP) funds, sponsored by the International Finance Corporation and the Commonwealth Secretariat.  

Ms. Alam was formerly a Director of the AIG Africa Infrastructure Fund, managed by Emerging Market Partnership in Washington, and has on-the-ground management experience in emerging markets having founded and managed both Peregrine Bangladesh and Union Capital Bangladesh in the 1990s. Ms. Alam started her career in New York working for investment banks including Morgan Stanley and Merrill Lynch, where she worked in mergers and acquisitions and corporate and tax-exempt finance. She holds a BA in International and Developmental Economics from the Woodrow Wilson School of Princeton University (1981) and an MBA from the Harvard Business School (1985) and was also a Harry S. Truman Congressional Scholar. Ms. Alam continues to serve on the Board of several African companies and organisations.

Ms. Alam is a former Chair of AVCA and a current Director on the AVCA board and is a member of the Emerging Market Private Equity Associations Advisory Council and Africa Council. She is also on the Steering Committee of Private Equity Women’s Investment Network.

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