Emerging and Frontier Markets & Distressed Assets Specialists

EM Capital Management, LLC is a Registered Investment Adviser and International Asset Manager

 regulated by the United States Securities and Exchange Commission under the Investment Adviser Act of 1940.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seth R. Freeman, CIRA, Global Chief Executive Officer — San Francisco

Co- Portfolio Manager of the EM Capital India Gateway Fund

Portfolio Manager of the EM Capital India Discovery Fund

Executive in Residence, Thunderbird Global Financial Services Center

Lead India Investor Representative to the Emerging Markets Disclosure Project (EMDP)

 

Based in San Francisco, Seth is responsible for business strategy, private equity strategies, fund marketing and client service. He is an expert in cross-border, emerging markets deal origination, financial analysis, risk assessment, due diligence, cross-cultural negotiation, restructuring and turnaround management. Seth has over 13 years emerging markets financial advisory and private equity industry experience including manufacturing, consumer goods, banking, aviation, alternative energy, health care and real estate sectors in Latin America, Southern Europe and India. Prior to co-founding EM Capital Management, LLC, he founded an emerging markets focused financial and operational restructuring advisory and turnaround management firm. Seth has over 22 years’ investment, financing, development and management experience in operating companies, equities, private equity, real estate and distressed assets. He holds an MBA in International Management from Thunderbird, the American Graduate School of International Management. Seth is a Certified Insolvency and Restructuring Advisor (CIRA) and a Director of the Turnaround Management Association, Northern California. He is a frequent speaker and instructor on emerging markets investment strategies and implementation, fund management and cross-border finance, private equity and real estate. He is a regular contributor on Bloomberg TV, CNBC India and NDTV India.

Richard Zahm, Esq., Managing Director & Chief Compliance Officer — San Francisco & Darien, CT 

Richard is responsible for the firm’s SEC and global regulatory compliance and real estate products and services.  A licensed California attorney, Richard earned a JD at Stanford Law School, an MBA at the Graduate School of Business, University of Cape Town, South AfricaB.A. at Colorado College (cum laude), a .  He also holds a California Real Estate Broker License.  Richard is a member of: California State Bar Association, Financial Institutions Committee (Chair); California State Bar Association, Real Estate Finance Committee (Member); San Francisco Bank Attorneys Association; National Association of Mortgage Brokers and the California Mortgage Association (Committees: Fund Management, Construction Lending).  Richard is a founder and Principal of Second Angel Bancorp.  He is also a Manager of Second Angel Fund I, LLC, a California finance lender regulated by the California Department of Corporations, and a member of Second Angel’s Loan Committee.

Lincoln Rathnam, PhD, CFA, Managing Director, Global Head of Investment Management  - Singapore & Boston

Dr. Rathnam is based in Singapore and Boston and is responsible for building and managing the firm’s innovative emerging markets institutional products focused on Asia and investment implementation and risk management.  He has a long and distinguished background in the investment industry and is widely viewed as a pioneer in emerging market investing across both listed securities and private equity.

Dr. Rathnam was educated at Dartmouth College (A.B., History, Phi Beta Kappa, 1971) and Balliol College, Oxford (D.Phil., History, 1976). He is a Chartered Financial Analyst and a former director of the Boston Security Analysts Society. Dr. Rathnam is the author of numerous published articles on investing.

Before joining EM Capital Management, LLC, Dr. Rathnam was Managing Director of BCP Securities Asia Pte Ltd, the Singapore branch of the U.S. institutional broker/dealer specializing in emerging market debt.  Dr. Rathnam began his investment career in 1979 at Connecticut General Investment Management Company (later CIGNA Investment Management) as an analyst, where he followed a variety of industries and worked in both the equity and bond departments.  In 1984, Dr. Rathnam joined Scudder, Stevens & Clark, Inc. in Boston as an equity analyst, where he rose to the position of chairman of the stock review committee.  In this capacity, he oversaw the firm's policy in regard to overall equity strategy and difficult investment issues.  In 1988, Dr. Rathnam founded the firm's high yield bond department.  Believing that U.S. high yielding bonds were overpriced, he turned to higher yielding Eurobonds issued by Latin American governments and, in 1989, launched the Sovereign High Yield Investment Company, one of the first bond funds for emerging countries since the 19th century.  Dr. Rathnam built Scudder's emerging markets fixed income assets under management to approximately $1.7 billion by the end of 1995.  In 1994, he founded Scudder's private equity department and launched the Scudder Latin American Trust for Independent Power, one of the first private equity funds for Latin American investments. In 1998, Dr. Rathnam joined Vistech Corporation of Westport, CT, where he was active in private equity investments in Latin America and in the United States.  From 2002 to 2006, he advised BTU Ventures, a firm specializing in energy investments in the Middle East and North Africa.

Jatinder (Jit) Yadav, CFA, Senior Analyst (Consultant) - New Delhi

Based in India, Jit supports the investment process in India including fundamental sector and company research. Prior to returning to India, to re-join the family steel and energy business, Jit worked at Russell/Mellon Analytical Services and Callard Asset Management where he researched and recommended stocks using both technical and fundamental analysis and performed attribution analysis and performance measurement reporting for client portfolios. He is a US-trained Chartered Financial Analyst charter-holder and earned an MBA in International Management from Thunderbird, the American Graduate School of International Management. and a B Eng. in Electronics and Communication from Govind Ballabh Pant Engineering College in UP, India.

Changyao (Michael) Chen, MBA,  Managing Director China - Hong Kong & Shenzen

Michael has over 17 years of experience in China's dynamic capital markets. Michael provides China-focused strategic market-entry, asset management and financial markets advice and intermediates transactions serving clients across many industries,  domestic and foreign PE & VC firms as well as creditors in restructuring.

Michael has held senior executive positions in China's prestigious investment banks, including Great Wall Securities, J&A Securities, Etech Securities and trust & investment institutions.  His broad experience in the Chinese securities industry covers corporate financing, corporate restructuring, M&A, brokerage management, securities marketing, portfolio management, business expansion and general management.

Michael gained hands-on experience in US markets at the CSE, CBOT, CBOE, CME and at AON Group.   Michael is a founder/principal and interim CEO of a Chinese real estate investment company.   Michael earned a Bachelor and Master of Economics from Zhongnan University of Economics and Law.  He was a senior visiting scholar at University of Illinois.