OPIC backs Unreasonable Capital

A regulatory filing dated January 2016 indicates that Unreasonable Capital Fund I has a target of $15 million. At that point it had received $5 million from nine LPs. The fund makes investments intended to improve the lives of underserved communities in Latin America, Africa and Asia, with an emphasis on India.

It provides capital and operating support to scalable and profitable early-stage companies in areas such as financial technology, clean energy, mobile communications, agriculture and artisan-driven fashion. Investments must be made alongside local partners, with Unreasonable Capital contributing 25% of the average financing round, or $50,000-500,000.

"Unreasonable Capital's approach of investing in early stage companies and providing operating support will have a long-lasting impact on the underserved communities in those regions. OPIC is committed to helping the private sector enter into emerging markets and pursue opportunities in some of the world's largest and fastest growing economies that are often overlooked by private investors," said Elizabeth Littlefield, president and CEO of OPIC, in a statement.

OPIC is a development finance institution controlled by the US government. Other GP relationships in Asia include Leapfrog Investments and I Squared Capital. It also makes direct investments, providing up to $250 million in debt funding to Indian renewable energy producer ReNew Power Ventures and issuing a similar amount to support TPG Capital-backed Apollo Towers Myanmar.

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• Topics
• South Asia
• Fundraising
• GPs
• LPs
• Overseas Private Investment Corporation (OPIC)
• India