Arohan Financial Services Limited | Annual Report 2022-23

Annual Report 2022-23 | 28 Strong Corporate Governance The Michael & Susan Dell Foundation is dedicated to transforming the lives of children living in urban poverty in the United States, India, and South Africa through its various activities. TRCapital is a leading secondary private equity investor in the Asia Pacific region. TR Capital provides liquidity solutions to owners of private equity assets through single asset and portfolio transactions. The firmmakes significant investments in innovative leaders in the Technology, Next-Generation Consumer and Healthcare sectors across Asia. TR Capital is an active investor. Since its inception in 2007, TR Capital has closed four flagship funds, managed total capital commitments of USD 1.2 bn and completed 40 secondary investments. TR Capital’s sophisticated investor base includes sovereign wealth funds, pension funds, asset management firms, entrepreneurs, and family offices. The firm’s 27 professionals are based in offices across Hong Kong, Shanghai, Shenzhen, Mumbai and Singapore. The firm is management owned and independent. TIAA was chartered in 1918 as a stock life insurance company, domiciled in New York State, to provide employees of nonprofit education and research institutions with the means to enhance their future FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 50+ year proven track-record in empowering entrepreneurs tomake local economiesmore inclusive, productive, resilient and sustainable. FMO focuses on three sectors that have high development impact: Agribusiness, Food & Water, Energy, and Financial Institutions. With a total committed portfolio of EUR ~13 bn spanning over 85 countries, FMO is one of the larger bilateral private sector development banks globally. For more information: please visit  www.fmo.nl. TR Capital III Mauritius Teachers Insurance and Annuity Association of America (TIAA) Nederlandse Financierings- Maatschappij Voor Ontwikkelingslanden N.V. (FMO) Michael & Susan Dell Foundation (MSDF) financial security. The Carnegie Corporation had provided TIAA’s initial USD 1 mn capital, and as sole owner of TIAA, it held all the stock: five hundred shares. For TIAA’s first twenty years, the Carnegie Corporation paid the organisation’s business expenses. However, in 1937, The Carnegie Corporation formed a new nonprofit company to hold the shares of stock in TIAA to enable the organisation to be governed on its own. Named Trustees of T.I.A.A. Stock, it was incorporated by a Special Act of the New York State legislature. The Carnegie Corporation then turned over ownership of TIAA to the new company. In 1989, Trustees of T.I.A.A. Stock was renamed TIAA Board of Overseers and again renamed in 2021 to be called the TIAA Board of Governors. TIAA Board of Governors normally consists of seven members, each of whom serves a seven-year term. The members do not directly supervise TIAA management, but they elect the members of the TIAA Board of Trustees, which does exercise such supervision. They also approve amendments to TIAA’s Charter and Bylaws. TIAA Board of Governors meets at least twice a year. TIAA is regulated principally by the New York Department of Financial Services.