Innovative Financial Intermediary Program (IFIP)
|In recent years, OPIC has seen increased demand from fund managers and investors for OPIC financing to financial intermediaries which contain elements of both the Agency's financing programs and its investment funds program, but do not fit squarely into either category.
To respond to this demand, in November 2013, the Agency launched the Innovative Financial Intermediary Program (IFIP). IFIP is a two year $500 million pilot program which aims to facilitate capital flow to developing countries, with a focus on small and medium enterprises, through OPIC financing for small equity funds, debt funds, funds combining debt and equity, and greenfield non-bank financial institutions.
The IFIP application process involves completion of a questionnaire and submission of a pitch book describing the entity for which financing is sought. Applications received will be reviewed by OPIC after the end of each calendar quarter.
The next quarterly deadline is January 31, 2015: Apply here.
| IFIP will consider the following structures:|| OPIC's Commitment Levels|
Small equity funds
(total capitalization limited to $50 million)
|Up to 1/3 of total capital|
|Funds making both debt & equity investments||Up to $50 million|
|Funds make senior debt investments||Up to $50 million|
|Funds making both senior & subordinated debt investments||Up to $50 million|
|Debt funds affiliated with equity fund or asset manager||Up to $50 million|
|Greenfield non-bank financial intermediaries ||Up to $50 million|
Interested participants can apply here.