OPIC Selects GATE Global Impact as Originator In Enterprise Development Network
July 12, 2012
WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has selected GATE Global Impact, a New York-based financial services company, to serve as an originator for a growing alliance with the private sector designed to support small and medium enterprises (SMEs) expanding into emerging markets overseas.
The alliance, the Enterprise Development Network (EDN), is expanding the ability of OPIC – the U.S. government agency charged with facilitating U.S. private sector investment in emerging markets – to provide financing to SMEs doing business in developing countries.
Through the support of financial institutions, business consultants, associations, law firms and regional investment promotion agencies, EDN is designed to enhance SME access to OPIC products and services. By empowering such service providers, the network is resulting in more efficient, cost-effective delivery of services to American businesses.
The mission of GATE Global Impact is to fulfill the increasing global demand for market infrastructure that enables capital to identify and transact in investments that provide a sustainable social and/or environmental benefit and financial return. GATE has created a centralized electronic marketplace to facilitate the transactions of impact-focused investment products and has developed a utility that provides efficiency, transparency, liquidity and education that enables the transaction processes in a variety of markets.
GATE provides an end-to-end solution inclusive of information, performance metrics, settlement and clearance. These markets include private equity, private debt, microfinance and environmental credits. GATE Global Impact ultimately believes they will have a positive influence by providing investors and entrepreneurs a regulatory compliant marketplace to interact allowing for future job creation and stimulate economic growth.
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 more than $200 billion of investment in over 4,000 projects, generated an estimated $75 billion in U.S. exports and supported more than 276,000 American jobs.