Mandar Jayawant (Managing director and Founder) was Asian Development Bank’s Senior Country Economist and Deputy Country Director for Mongolia from 2005 to 2008. He was responsible for planning its USD 50 million lending and investment program. He also structured investment projects and financing for businesses in the aviation, agribusiness, and infrastructure sectors and for financial institutions.

During his tenure ADB became the leading lender in the transport and infrastructure sectors; and launched successful financial and power sector programs. He has previously worked in China, Uzbekistan, the Philippines and Indonesia structuring investments and advising policy-makers in
a range of industries, including energy, airlines, roads, banking and agribusiness.

He is the chairman of the capital markets working group of the Business Council of Mongolia and has been a member of the Mongolian government’s private sector development working group. He has a Ph.D. in Applied Economics from Stanford University, an M.S. in Environmental Economics from Texas A&M University and a B.E. in Mechanical Engineering from Pune University.

Batsaihan Jamichoi (Director and Co-Founder) is a Mongolian national. He has five years of business management experience with top Mongolian companies and ten years overall. He was previously the CEO of Goyo, a Mongolian cashmere producer that he restructured — turning a nearly bankrupt company into one of Mongolia's most successful cashmere brands. He has been the Vice President at MCS Group, one of the largest Mongolian conglomerates with interests in mining, infrastructure, agribusiness, real-estate, and retail.

At MCS he successfully developed two strategically important new businesses. He has been a manager in the marketing department of Fast Retailing (UNIQLO) in Tokyo and a management consultant at A.T. Kearney working on corporate strategy and M&A projects. Batsaihan has a B.A. in Marketing and Competitive Strategy from Hitotsubashi University in Tokyo. He is fluent in Mongolian, English and Japanese.

Ashok Kothari (Director) has extensive private equity experience as Managing Director of Asia Pacific Capital. He manages both GE-APC Technology Fund and Asia Pacific Capital Fund II, sponsored by BNP Paribas. He was previously the Chairman and CEO of W.R. Grace Ltd. for Asia Pacific region and the President of PPG Industries in Europe, the Middle East and Africa. At both diversified international Fortune 100 companies, Mr. Kothari executed very profitable acquisitions, rationalizations, LBOs, MBOs, privatizations and IPOs.

He has extensive operating experience, having managed over 8,000 employees and 23 subsidiaries with broad exposure across a range of industries. Some of these industries include building materials, healthcare, contract manufacturing, specialty and agricultural chemicals, natural resources, specialty retailing, restaurants, R&D and I.T. He has also been a consultant with McKinsey & Co. and Deloitte & Touché. Mr. Kothari has a B.E. in Mechanical Engineering from M.S. University in India and an M.S. in Industrial Engineering from Stanford.

Gage McAfee (Director) has been extensively involved in private equity, as both a lawyer and an investor since the early 1980s. In addition to his role as Managing Director of GE-APC Technology Fund and Asia Pacific Capital Fund II, he led Asia Pacific Capital in the acquisition of United Artists, the largest theater operating chain in Hong Kong and expanded throughout Greater China. He has made a series of entertainment, media and technology investments including the first Asian film fund and an online movie reservations system, which produced 40x returns. He co-founded the ChinaVest Group, one of the first funds to enter Greater China and was the General Partner of four funds.

Mr. McAfee launched Coudert Brothers in Singapore and grew the group into the largest international law firm in Asia. Until recently he was also the Chairman of the Main Board Listing Committee and the GEM Listing Committee of the Hong Kong Exchange. Mr. McAfee holds an A.B. from Harvard and a J.D. from Columbia University School of Law.

Alicia Eastman (Director) is a partner at Asia Pacific Capital, managing Asia Pacific Capital Fund II, sponsored by BNP Paribas. Ms. Eastman has been investing in Asia since 1996 and has most recently led international outsourcing and investments in the Global Strategy and Alliances department of Elan Pharmaceuticals. Earlier, she was the Vice President of Prudential’s Asia Mezzanine Fund acquired by Darby Overseas, focusing on technology and communications. Before that, she was a founding principal at NetFuel Ventures, leading business development and investments in Asia. She has held international strategy and investment positions at Gemini Consulting, Lend Lease and AirTouch International. Ms. Eastman has a B.S. in Economics from Wharton and an M.A. from the Fletcher School of Law & Diplomacy at Tufts University. She speaks fluent Russian.