13 Aug In Memoriam of Robert Stillman
It is with great sadness that SEAF notes the death of former Director, Executive Committee Member, and Board Chairman, Robert Stillman, who passed on August 4th.
After a legendary career as one of the USA’s first private equity investors at Payson & Trask and AEA Associates,
Bob came to Washington to head the SBIC program at the U.S. Small Business Administration. This was followed
by a role as Vice President for Investment Funds at OPIC where, over the course of a three-year tenure, he
expanded the Investment Funds Department to 25 funds with approximately $3 billion in assets. Bob also served
as President of Millbridge Corporate, LLC, providing advisory services to foreign governments in emerging markets on potential support programs for local venture capital funds.
Upon his retirement from OPIC in 2000, Bob worked with SEAF for more than 15 years, both as a member and for many years as Chairman of SEAF’s Board, as well as a Director of SEAF’s investment fund in Sichuan, China. Bob leaves behind a legacy of remarkable business acumen and advocacy for the power of small and medium enterprises in propelling growth in emerging markets.
“Bob attended many of our global retreats and was an inspiration to all our officers across 30 countries,” remembered SEAF co-founder and CEO Bert van der Vaart. “His unfailing sense of humor and encouragement, mixed with his deep knowledge and wisdom, made him a remarkable person. I can truly say that SEAF would not exist today were it not for Bob.”
In addition to his investment activities, Bob also served as Chairman of the Global Fund for Children, a Director of the National Alliance to End Homelessness, and a member of the Advisory Board of the Emerging Markets Private Equity Association, among other organizations.
Bob brought to SEAF, and the broader investment and development industry, deep insight and decades of investment experience in emerging markets that will be sorely missed.
SEAF is an SEC-registered investment adviser to international private equity funds through which it has invested growth capital and provided business support to growth-oriented SMEs in frontier and emerging markets. Since its founding 30 years ago, SEAF has managed more than $1.1 BN in assets targeting impact investments across a wide range of sectors and in more than 30 countries. SEAF funds identify and support promising entrepreneurs while seeking to provide attractive returns to its investors. SEAF manages its funds through a network of more than 25 offices around the world, with its headquarters in Washington, D.C. www.seaf.com