Source: Gray Ghost Microfinance Fund.

Original press release not available online.

ATLANTA, March 28 – Grassroots Capital Management, a fund management company focused on investment in microfinance equity has been formed as a “spin-off” from the Gray Ghost Microfinance Fund. Grassroots Capital will continue to manage the Gray Ghost Microfinance Fund, with current assets valued at USD 69 million and nearing full commitment. Paul DiLeo and David FitzHerbert are both Managing Partners of the newly formed company. Paul will continue to serve as Chief Investment officer and lead the investment team. The head office is based in New York with a subsidiary office in London (UK).

Grassroots Capital has hired David Gough , formerly of Deutsche Bank as Investment Partner and Anna Kranze previously with Citigroup Investment Research as a Junior Equity Analyst. Christine Killorin also joined the team as full-time CFO in March, 2008. Before joining Grassroots Capital, Christine was COO of Women’s World Banking and CFO of Gray Ghost Venture, The Gray Ghost Microfinance Fund parent group. All are located in the New York office.