Co-Founder and Senior Advisor
Paul DiLeo has more than 15 years’ experience in microfinance equity investment, beginning with pioneering investments in India and Bangladesh, work on what would become ShoreCap International, and an evaluation of ProFund, the first microfinance equity fund. As co-‐creator and Chief Investment Officer of the Gray Ghost Microfinance Fund (GGMF), a $75mm fund of funds launched in 2003, he led or facilitated the creation of several innovative microfinance funds, including Antares, the Short Term Liquidity Facility, Bellwether, MicroVest I and Catalyst Microfinance Investors. Paul is a current or former member of the board, advisory board or investment committee of these and other funds, as well as industry bodies such as the CMEF/FIEC and PIIF/PRI.
In addition to Gray Ghost, Paul has led or assisted in the launch of five other impact funds, with total capital of over $200mm from a wide range of public and private investors. Previously Paul worked extensively in the field of international finance and development, including spearheading the start-‐up of a US-‐government-‐backed investment fund in Russia in the early 1990s and creation and management of small business lending and SME equity initiatives in over a dozen countries around the world. Paul started his career in international finance with the US Treasury and Federal Reserve Bank of New York, focusing on Latin American debt, foreign exchange, and international capital markets. Paul received a Bachelor’s Degree from the University of Massachusetts, holds a Master’s Degree from Boston University and a Certificate in business accounting and finance from New York University.