OPIC seeks fundraising proposals from emerging markets GPs

GPs from India, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand will be considered as well as managers focusing on various smaller markets, principally in South and Southeast Asia. OPIC is authorized to do business in more than 150 developing and post-conflict countries globally.

Funds should be no smaller than $100 million in size and make investments that will have a positive development impact through projects involving new business development, existing company expansion, restructuring or privatization.

OPIC has committed $4.1 billion to 62 private equity funds in emerging markets since 1987. These funds have in turn invested $5.6 billion in more than 570 privately-owned companies in 65 countries. Last year, it committed $316.5 million to four separate funds.

Within Asia, since 2011 OPIC has backed Indochina Capital's Mekong Renewable Resources Fund, Olympus Capital's infrastructure-focused Asia Development Partners III, Clearwater Capital Partners' fourth regional credit and special situations fund, and Global Environment Fund's South Asia Clean Energy Fund.

"Private equity funds are essential tools for economic development in emerging markets," said Elizabeth Littlefield, OPIC's president and CEO, in a statement. "They are an effective means for high-potential entrepreneurs to raise equity capital, to drive faster growth, and create more jobs and higher quality businesses."

Established in 1971, OPIC seeks to help solve critical development challenges and in doing so, advance US foreign policy and national security objectives. It also supports US businesses that want to gain footholds in emerging markets with a view to creating jobs at home and abroad. The DFI has invested more than $200 billion in over 4,000 projects since inception.

Proposals will be accepted between May 11 and June 8, 2015.

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• Topics
• Fundraising
• South Asia
• Southeast Asia
• North Asia
• LPs
• Overseas Private Investment Corporation (OPIC)
• Fundraising
• LPs
• Asia
• USA