OPIC Announces Pilot Program to Connect Development Projects with Potential Investors
March 27, 2015
WASHINGTON – The Overseas Private Investment Corporation (OPIC), the U.S. government’s development finance institution, is launching a pilot program to assemble complementary financial instruments to better catalyze capital for global development. The Aligned Capital Pilot Program will connect forward-thinking global development entrepreneurs with a growing network of socially-minded investors seeking to support private business.
OPIC’s four decades of experience supporting pioneering development projects around the world has shown that transactions with strong prospects of positive development impact often lack crucial types of funding – such as equity capital, grant resources, or technical assistance – to reach financial viability.
OPIC also regularly encounters an increasing number of U.S. investors and grant providers that express a strong interest in financing these developmental, but early stage, projects.
With the Aligned Capital Pilot Program, OPIC will provide a platform for bridging the gap between potential investors and companies or sponsors seeking financing. The program will link project developers with capital providers to help projects progress and achieve their intended positive development impact.
The Aligned Capital Pilot Program is voluntary, accepting applications from both accredited investors and project sponsors interested in additional investment. Contacts between prospective investors and project sponsors will be facilitated by an online platform available to both eligible investors and OPIC project applicants that opt to participate. Projects seeking capital are matched through an automated connection process to investors that identify interests in similar regions and sectors.
Accredited investors or project developers who would like to learn more or participate in the OPIC Aligned Capital program can visit 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 and national security objectives. 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 $76 billion in U.S. exports and supported more than 278,000 American jobs.