
OPIC funds head Jay Koh to return to private sector
Jay Koh, head of investment funds and chief investment strategist at the Overseas Private Investment Corporation (OPIC), will leave the group at the end of November to return to the private sector. He will relocate to New York.
Koh has been responsible for the US government development finance institution's $2.6 billion emerging markets private equity program for nearly two years as well as supporting the sustainable expansion of the organization's overall portfolio worth around $15 billion. Prior to taking up this role he served as OPIC's chief financial officer.
Before joining OPIC, Koh was partner and head of EMEA private equity at hedge fund R3 Capital, managing director and head of EMEA private investment for Lehman Brothers' global principal strategies division, and a principal at The Carlyle Group.
At year-end 2011, OPIC had total assets of $14.5 billion and a net income of $269 million. It was active in 107 countries, with 61% of total commitments going to low-income countries and 78% of committed projects involving US small businesses. The organization is one of the world's largest investors in emerging markets private equity.
OPIC's Asia-focused private equity relationships include Actis Capital, Aloe Private Equity, Olympus Capital Holdings Asia, Clearwater Capital Partners, JS Private Equity, Lombard Investments, Indochina Capital Corporation, Middle East & Asia Capital Partners, Berkley Partners and GEF Management.
It recently announced commitments to two Indian private equity funds - IndoSpace Logistics Parks II and BanyanTree Growth Capital II.
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