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Press Release

Tuesday, November 1, 2011

OPIC Launches Global Call for New Investment Funds

Agency Targets Commitment of At Least $400 Million, Mobilizing Hundreds of Millions More for Investment in Emerging Markets

WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today launched a call for proposals to manage new private equity investment funds in emerging markets worldwide. One of the agency’s broadest, most flexible calls ever, the initiative is intended to result in at least $400 million in OPIC financing for sustainable development globally, catalyzing hundreds of millions more in private sector investment.

The Global Engagement Call seeks qualified fund managers to invest in new, expanding or privatizing companies in any of the emerging markets where OPIC operates and across industry sectors.  It will be open to private equity, debt, mezzanine, fund-of-funds and hybrid fund strategies. Deadline for the submission of proposals is January 12, 2012.

“Opening the Global Engagement Call to a wide range of sectors and countries, as well as to growth equity, private equity, credit and fund-of-funds, will enable OPIC to engage qualified partners who bring diverse and innovative investment strategies to emerging markets,” said OPIC President and CEO Elizabeth Littlefield. “Ultimately, this call demonstrates OPIC’s role as a global, flexible, and innovative partner for private capital in emerging markets, helping to create capacity and new financing tools for sustainable development.”

Details of the call for proposals may be found on OPIC’s website at www.opic.gov .
 


OPIC is the U.S. Government’s development finance institution.  It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy.  Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets catalyzing revenues, jobs and growth opportunities both at home and abroad.  OPIC achieves its mission by providing investors with financing, guarantees, political risk insurance, and support for private equity investment funds.

 

Established as an agency of the U.S. Government in 1971, OPIC operates on a self-sustaining basis at no net cost to American taxpayers. OPIC services are available for new and expanding business enterprises in more than 150 countries worldwide. To date, OPIC has supported nearly $200 billion of investment in over 4,000 projects, generated $74 billion in U.S. exports and supported more than 275,000 American jobs.