Paul DiLeoManaging Director

    Paul DiLeo has been engaged in development finance since the early 1990s, launching an investment fund in Russia, small business financing programs in Eastern Europe, a USAID program in the Caucasus, the Gray Ghost Microfinance Fund, and Grassroots Capital Management. Since 2003 Paul has helped launch and advised six impact investment funds with total capital of $300mm, and helped create numerous microfinance investment vehicles, including the Emergency Liquidity Facility, Antares, Catalyst, the Short Term Liquidity Facility, and LocFund. Paul has also undertaken numerous program and institutional assessments over the years, ranging from strategic reviews of mission driven companies in the US and India, an evaluation of ProFund, assessment of World Bank support to the Bosnian microfinance sector, product costing analyses of financial institutions, and design of initiatives for the IDB, the Ford Foundation, and the Swedish Development Agency, among others. Paul has been a director of numerous microfinance institutions and impact investment funds and he acts as Managing Partner of Grassroots Capital Partners. He has been and continues to be a member of the advisory bodies of many microfinance and impact industry associations, and has written and spoken extensively on how best to design impact investments. Paul recently participated in a team providing recommendations to the U.S. Treasury and others on how to enhance support for small and micro-businesses in the U.S. as Grassroots explores initiatives in the U.S. Before his work in development finance, Paul worked for 12 years at the US Treasury and Federal Reserve Bank focused on International Finance and Capital Markets.