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Mildred O. Callear

 

 

 

Ms. Mildred O. Callear is the Executive Vice President and Chief Operating Officer of SEAF. In this capacity she is responsible for the day-to-day operations of SEAF worldwide including all staff and fund offices. She has oversight of corporate policies, communications, compliance, portfolio management and administration and human resources. She is actively involved in investor relations and fundraising and she sits on the Board of the SEAF Macedonia Fund and Afghan Growth Finance as well as the Investment Committees of both the Macedonia and Central Asia Funds.

Prior to joining SEAF in 2001, Ms. Callear served for 13 years as the Vice President/Treasurer and Chief Financial Officer of the Overseas Private Investment Corporation (OPIC), a U.S. Government corporation whose annual revenues were $400 million with a portfolio of project financing, investment funds and political risk insurance in emerging markets that exceeded $16 billion. Ms. Callear also served as the Acting President and Chief Executive Officer of OPIC during two separate political transitions. Ms. Callear participated extensively in the development and refinement of the funds program, from the first commitment to the Africa Growth Fund to the program’s growth to more than 26 funds and $3 billion of exposure, and she was a member of OPIC’s Investment Committee, charged with approving finance and political risk insurance projects as well as new investment funds up to $200 million per project. In addition to her financial responsibilities, Ms. Callear led OPIC’s environmental and social policy implementation and review program. For six years, she served as a senior official in the legal department where she handled a wide array of both operational and project-related transactional legal work. Early in her career, Ms. Callear was a lawyer in private practice in Washington, D.C. Ms. Callear graduated summa cum laude and Phi Beta Kappa from the University of Illinois in 1976 and cum laude from Georgetown University Law Center in 1979.

 

 

 

 
 

 

Mildred O. Callear

Ms. Callear is the Executive Vice President and Chief Operating Officer of the Small Enterprise Assistance Funds, a manager of 15 emerging market private equity funds investing in small and medium enterprises (SMEs). Although SEAF is a not-for-profit organization, its equity funds are managed on a for-profit basis on behalf of each fund's investors. Ms. Callear is responsible for the day-to-day operations of SEAF worldwide as well as oversight of corporate policy in a wide variety of areas. SEAF has had more than $280 million under management and has made 235 investments. SEAF has offices and staff in 14 countries with a strong presence in Central and Eastern Europe as well as fund operations in Asia and Latin America.

Prior to coming to SEAF, Ms. Callear served as Vice President/Treasurer and Chief Financial Officer of the Overseas Private Investment Corporation (OPIC). During her tenure at OPIC, one of Ms. Callear's responsibilities included heading up the group responsible for assessing the economic and social development impact of OPIC's investments, including impacts on the U.S. economy, the environment, human rights and labor rights. She oversaw the implementation of all of OPIC's policy mandates, including the monitoring of the portfolio. She spent almost 20 years at OPIC in a variety of capacities, including serving as its Chief Executive Officer during two political transitions in 1993 and 1997. OPIC is the agency of the U.S. government that promotes investment in emerging markets, with a USD 16 billion portfolio of developing country loans, guaranties, political risk insurance, and equity investment funds.

 
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