Liesbet Peeters is a founding partner at D. Capital. She advises foundations, development institutions, and private investors on impact investments in emerging markets. Liesbet has extensive experience in analysis and due diligence of impact investments and direct SME investments and has been involved in multiple direct SME and microfinance investments in Latin America and Africa. In addition, she has led fund valuation and term sheet negotiations on numerous private equity and venture finance transactions in both emerging markets and Western Europe.

Prior to joining Dalberg, Liesbet founded an investment advisory firm, Lapiluz Advisory Services, based in Belgium and London. She was previously the CFO/Investor Relations Manager with Capricorn Venture Partners in Belgium focused on European technology investments, an Investment Officer with the Grassroots Business Fund at the International Finance Corporation (IFC), and an Associate with Greenpark Capital, a London-based fund-of-funds. Her prior experience also includes positions with SG Cowen Securities in London, EASDAQ (EU technology stock market), and Incofin CVSO, a leading microfinance fund manager.

Liesbet has an MBA from MIT and a Master's degree in Commercial Engineering from Katholieke Universiteit Leuven, Belgium. She speaks English, French, and Dutch and is conversant in Spanish.

Lily Han is an Associate at D. Capital. She focuses on advising D. Capital's impact investing clients, fund-of-funds advisory, debt fund structuring, and direct investment due diligence and analysis. Lily works with a number of UK and European family offices on their impact investment portfolios. She also assists with due diligence of emerging markets fund managers, analyzing their track records and investment strategies.

Prior to joining D. Capital, Lily worked at the US Department of the Treasury as a Financial Analyst on the Chief Investment Officer's team in the Office of Financial Stability (TARP). There, she helped design the structure and terms of the Community Development Capital Initiative to provide debt capital to community banks in low-income and underserved communities. Previously, Lily worked as an Associate for Lehman Brothers/Barclays Capital focusing on asset management, and she was part of a business development group at Lehman focused on advising the firm's priority clients on their emerging market entry strategies.

Lily holds a Master's degree in International Relations from the Johns Hopkins School of Advanced International Studies (SAIS) and graduated summa cum laude from Yale University with her Bachelor's degree. She is a Chartered Financial Analyst and a member of the Chartered Financial Analyst Society of Washington, DC.

Barbara Kong is an Associate at D. Capital. Her work focuses on advising D. Capital's impact investing clients and performing direct investment due diligence and analysis. Barbara has worked on agribusiness transactions, where she conducted market assessments, assessed the financial needs of the company, and developed recommendations for investment.

Prior to joining D. Capital, Barbara worked as a management consultant at A.T. Kearney in Paris where she performed due diligence analyses for private sector clients in the fields of energy utility, retail, and boat manufacturing. Barbara also worked one year as a project analyst for Veolia Water in Beijing.

Barbara holds an MBA from MIT and a Master's degree in Engineering from Ecole Nationale des Ponts et Chaussées, France.

Judith Muturi is an Associate at D. Capital Partners. Her work focuses on advising D. Capital's impact investing clients and performing direct investment due diligence and analysis. Prior to D. Capital, Judith worked at the Africa Health Fund managed by Aureos Capital, where she engaged in the execution of Africa Health Fund investments. Judith also worked on the Technical Assistance Facility managed by the Africa Health Fund and was involved in the development and structuring of health sector projects.

Judith holds a Bachelors degree in Economics from Mount Holyoke College and an MBA from the Wharton School at the University of Pennsylvania.

Eric Cooperstrom is an Investment Associate at D. Capital Partners, specializing in financial analysis, due diligence, and portfolio management.

Prior to joining D. Capital, Eric worked at Capital Dynamics - a Swiss private asset manager - in London and New York, where he served as a private equity primary and secondary fund investor and led portfolio construction and investment due diligence, structuring, and documentation for both developed and emerging markets private equity funds. Additionally, he helped to establish the firm's secondary investment practice. Eric also gained experience in impact investing in London and San Francisco and in emerging markets direct private equity investing in the renewable energy sector with Global Environment Fund in Washington DC. Previously, Eric was an investment banker in New York with Houlihan Lokey Howard & Zukin, where he focused on private placements of debt and equity.

Eric holds an MA from Johns Hopkins University School of Advanced International Studies (SAIS) and a Bachelor's degree with honors from the Wharton School at the University of Pennsylvania. He is fluent in English and has a working knowledge of Spanish and Swedish. Eric currently serves as an advisor to Pachamama, an ERM Foundation Low Carbon Enterprise Fund portfolio company, where he provides strategic and financial advice. He is also president of The Posterus Foundation, a New York-based grant-making nonprofit focused on education infrastructure projects in emerging communities.

Bigué Sagna is a Principal at D. Capital Partners. Prior to joining Dalberg, Bigué worked for four years at Banque Régionale de Marchés (BRM), a regional West African investment bank based in Dakar, Senegal. At BRM, Bigué was responsible for the Structured Finance Department's portfolio of existing and new client relationships. In that role, she provided strategic debt facilities to corporate clients, including preparing structured credit applications for the credit committee, negotiating and leading term sheet discussions with clients for their structured/trade transactions, and advising institutional clients with excess liquidity. Prior to BRM, Bigué worked for two years as an Investment Analyst at Nova Capital Management, a specialist acquirer of corporate and private equity portfolios based in London. She was also a Senior Analyst for three years at Pyramid Research, a leading growth strategy firm in the Communications, Media and technology space. Bigué has also worked at Black Pearl Finance (ex-BMCE Capital), the International Finance Corporation (IFC), and Ecobank Transnational Incorporated (ETI). Bigué received her Masters of Science in Finance and Management from Cranfield University School of Management (UK) and her Bachelor of Arts (BA) in Economics from Brandeis University. A native French speaker, she is also fluent in English and proficient in Spanish.

Retief Swart recently joined D. Capital Partners as a Financial Analyst. His work focuses on advising D. Capital's investment clients and on pipeline development.

Prior to joining D. Capital, Retief worked as a consultant in Dalberg's Johannesburg office where he focused on agriculture and access to finance. Retief has extensive experience conducting complex research and value chain analysis across various sectors. He recently supported a European development finance institution to more actively address the needs of farmers and agribusinesses and to support agricultural development in Nigeria. Previously, he supported a large African investment holding company and one of its portfolio companies in developing their financial inclusion strategy, primarily aimed at the agriculture sector. Retief has also worked with an international electronics company on solar market penetration in South Africa. He supported the Ethiopian Agricultural Transformation Agency in the development of its organizational strategy and helped a dairy producer in Nigeria to understand the market size and feasibility of launching a new product line and investing in a dairy business. For the United Nations International Fund for Agricultural Development (IFAD) he identified the key challenges faced by smallholder farmers in accessing finance, with the aim of setting up a rural SME financing facility. He has worked with the International Finance Corporation (IFC) to develop a report outlining the key messages and follow-up initiatives arising from the "Regional Agriculture and Food Security Forum," which focused on small-scale agriculture in Southern Africa.

Retief holds an Honors degree in International Studies and a Bachelor of Arts in Value and Policy Studies from the University of Stellenbosch. He speaks English and Afrikaans.