The US government’s development finance agency Overseas Private Investment Corporation (OPIC) has hired Brooks Preston as vice president for investment funds.
Preston will be in charge of a department that has committed more than $4.4bn to emerging markets-focused private equity funds.
He previously worked as co-managing partner of Virgin Green Fund Emerging Markets and a principal at Wolfensohn Fund Management.
Preston’s previous positions within the US government include Chief of Staff for the Under Secretary of Natural Resources and Environment.
OPIC president and CEO Elizabeth Littlefield said, “Brooks Preston’s addition to OPIC’s team of leaders is valuable and important.
“He brings significant knowledge of emerging market environmental and energy issues amassed during his noteworthy career spanning the private, public and not-for-profit sectors.
“His experience and perspective will complement our efforts to catalyze private capital for positive development impact around the world.”
Funds backed by OPIC include ManoCap Frontier Fund, Africa Catalyst and ECP’s second and third African vehicles.
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