Michael Calvey spoke at the 2025 Global Private Capital Conference, hosted by the Global Private Capital Association (GPCA) in partnership with the International Finance Corporation (IFC). Reflecting on both current industry dynamics and his own journey, Calvey addressed an audience of global LPs, GPs, and development finance leaders gathered to explore opportunities and challenges in emerging markets.

As one of GPCA’s original board members more than two decades ago, Calvey’s return as a featured speaker underscored his longstanding role in the evolution of private capital investing across frontier economies. Drawing from Odyssey Moscow, he shared personal insights on risk, resilience, and the maturation of the industry — from early-stage volatility to the rise of institutional capital and high-growth success stories.