EMPEA has elected Robert Petty, Managing Partner and Co-Founder of Clearwater Capital Partners, as the next Chairman of the association.

Petty was unanimously elected by the EMPEA Board to a two-year term.

Joining the Board of Directors in 2010, Petty has been an active member providing leadership as Treasurer and also serving on the organization’s Asia Council.

Commenting on his appointment, Petty said: “EMPEA has come of age since the original founders came together over a decade ago to address emerging markets private equity as an asset class. With its strong reputation and diverse member base, including LPs and GPs, and firms from both the developed and developing markets, EMPEA has enormous opportunities over the coming years to help the industry continue to grow.”

“Working closely with and leveraging the expertise of its members, EMPEA can provide even more insightful coverage of the emerging markets, while also helping policymakers and the public understand the positive contributions that private investments can have for institutional investors, companies and economies. I look forward to working with the EMPEA team and all EMPEA Members to accomplish these objectives.”

Petty succeeds outgoing Chairman Jeffrey Leonard, President and CEO of Global Environment Fund, who in his capacity as Chair since 2011 has helped EMPEA successfully execute its mission, serve its 330+ member firms, and develop into the leading global industry association for private capital in emerging economies.

“We are very fortunate to have Rob Petty as the next EMPEA Chair,” said Robert van Zwieten, EMPEA’s President and CEO.

“With Clearwater’s history in emerging markets and Rob’s demonstrated commitment to EMPEA’s mission, he will be an enormous asset to the organization over the next two years. Our long-term strategy, endorsed by the Board last year, includes a renewed commitment to penetrating deeper into the markets we serve and expanding our coverage to all forms of private capital to represent the innovation and depth of our industry. I am confident Rob’s leadership in these areas in particular will help us better support all our members.”

Zwieten added: “Jeff played a critical role during a time of marked activity and growth for the organization. I know I speak for the entire Board and membership in saying how deeply grateful we are for his service and dedication over the past three years as Chair.”