OPIC Launches New Global Call for Emerging Market Private Equity Managers
October 23, 2013
(OPIC)
WASHINGTON, D.C. – The Overseas Private
Investment Corporation (OPIC), the U.S.
Government’s development finance institution,
today launched a call for proposals to support
qualified private equity investment funds in
emerging markets worldwide. OPIC will consider
providing between $35 million and $150 million
in capital to each of one or more selected
funds, which will represent generally no more
than 33 percent of a fund’s total
capitalization. The balance of each selected
fund’s capital will be raised from private
investors, international finance institutions
and other interested parties.
This Global Engagement Call is inviting
proposals from private equity fund managers
seeking OPIC financing for funds that plan to
invest in emerging market countries that are
eligible for OPIC support. Fund managers
investing in infrastructure and
infrastructure-related sectors within
sub-Saharan Africa, including energy and
energy-related services, will receive
additional consideration. Deadline for the
submission of proposals is December 2, 2013.
“The Global Engagement Call is one of the tools
OPIC uses to support sustainable economic
development in less developed countries,” said
OPIC President and CEO Elizabeth Littlefield.
“The focus on infrastructure and energy is an
important component of OPIC’s support for
President Obama’s Power Africa initiative,
aimed at doubling access to power on the
continent.”
OPIC has engaged TorreyCove Capital Partners,
an alternative investment advisor, to assist in
evaluating proposals received in response to
call.
Details of the call for proposals may be found
on OPIC’s website at www.opic.gov or contact
OPIC at gec@opic.gov.
Welcome to the Exporting Source
Your one-stop resource for finding help to export to new customers, to learn about government export programs, to join export-promoting trade missions, to sign up for trade conferences and training, and to link to other exporting services. Whether you're an old hand at exporting or just getting started, the Exporting Source provides a place to locate foreign customers, export financing and foreign investment assistance.