OPIC and I Squared Capital Sign Commitment for Infrastructure Investments in Asia
October 26, 2016
(OPIC)
OPIC-supported Investment Funds will Help Build Critical Infrastructure Projects
Across South & Southeast Asia
WASHINGTON – WASHINGTON – The Overseas Private Investment Corporation (OPIC),
the U.S. Government’s development finance institution, has signed a commitment
to provide $200 million in financing to ISQ Asia Fund, L.P., an infrastructure
fund managed by U.S.-based infrastructure investor I Squared Capital. The Asia
Development Bank estimates that over $1 trillion must be spent on infrastructure
to maintain the region’s continued economic growth. With South and Southeast
Asian economies being held back by lack of infrastructure, there is an increased
need for private sector investments in the region. With support from OPIC, I
Squared Capital hopes to deploy capital throughout emerging Asia to finance
projects that will contribute to the current economic growth trajectory.
“Investments in infrastructure are a critical foundation for lasting
development,” said Elizabeth L. Littlefield, OPIC President and CEO. “Across
Asia, there is a significant demand for infrastructure that is not currently
being met. By partnering with I Squared Capital, we hope to focus on
infrastructure investments including renewable energy, transportation, water and
waste management throughout Asia’s emerging markets. These projects will promote
sustainable economic development and demonstrate the potential for investments
in these markets.”
“South and Southeast Asian infrastructure requires enormous investment in the
coming decade to keep pace with rapid urbanization and economic development,”
said Gautam Bhandari, Partner at I Squared Capital. “This financing will have a
significant impact in this vital sector and we are excited that OPIC has chosen
I Squared Capital.”
I Squared Capital anticipates investments in infrastructure-related sectors
across South and Southeast Asia with a special emphasis on financing urban
infrastructure. The fund applied to OPIC’s 2015 Global Engagement Call for
Proposals, and is OPIC’s largest fund commitment to date. Through a competitive
process, funds are selected that target projects in OPIC-eligible countries for
new business development, existing company expansion, restructuring, and/or
privatization. This project will help advance the Obama Administration’s
Rebalance to Asia and the Pacific, to strengthen cooperation among U.S. allies
and partners, leveraging their capabilities to address common regional and
global challenges.
Welcome to the Exporting Source
Your one-stop resource for finding help to export to new customers, to learn about government export programs, to join export-promoting trade missions, to sign up for trade conferences and training, and to link to other exporting services. Whether you're an old hand at exporting or just getting started, the Exporting Source provides a place to locate foreign customers, export financing and foreign investment assistance.