The Overseas Private Investment Corporation (OPIC) has made a series of commitments to investment funds.
OPIC has agreed to commit up to $100m to African healthcare-focused Quadria Capital Fund, $66m to Indian mezzanine vehicle CX Intermediate Private Capital Fund I, up to $50m to NEO Capital Fund III, which will target mid-market companies in Brazil.
Central and Eastern Europe-focused fund of funds Alpha CEE III and Sub-Saharan Africa-focused Pembani Remgro Infrastructure Fund have received commitments of $70jm and $100m, respectively.
OPIC president and CEO Elizabeth Littlefield said, “These commitments epitomize OPIC’s broad, impactful mission of supporting development in multiple regions and sectors, with a variety of financial tools.
“The projects span five continents and support game-changing developments like large-scale renewable power, next-generation telecom infrastructure, expanded mortgage finance, improved healthcare and widespread access to finance for small and medium businesses.”
Last month OPIC hired Brooks Preston as vice president for investment funds.
Preston is in charge of a department that has committed more than $4.4bn to emerging markets-focused private equity funds.
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