Clearwater's Petty becomes EMPEA chairman

Petty, who has been on the EMPEA board since 2010, will serve a two-year term. He succeeds Jeffrey Leonard, president and CEO of Global Environment Fund. Petty will lead the industry organization's efforts to penetrate deeper into emerging markets, including Asia, and expand its coverage to all forms of private capital.

"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," Petty said in a statement.

EMPEA is a non-profit organization with over 300 member firms, comprising institutional investors, fund managers and industry advisors that together manage more than $1 trillion in assets. It promotes the role private capital can play in delivering attractive long-term investment returns and promoting the sustainable growth in emerging markets.

Clearwater invests in public and private debt or equity, often working with capital-constrained small and medium-sized enterprises. It targets fixed income, direct lending and restructuring opportunities in pan-Asian companies as well as firms operating in China, India, South Korea, Australia and Southeast Asia specifically.

The PE firm closed Clearwater Capital Partners Fund IV at $575 million in July 2012.

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• Topics
• People
• Credit/Special Situations
• Restructuring
• Clearwater Capital Partners
• Robert Petty
• Appointments
• Emerging Markets Private Equity Association (EMPEA)
• Asia
• Distress
• Special Situations