Overseas Private Investment Corp., a development agency of the U.S. government, is looking for private equity emerging markets fund managers investing in emerging markets countries that are eligible for OPIC support, according to OPIC’s global engagement call.
Private equity consulting firm TorreyCove Capital Partners is assisting with the search and selection.
OPIC plans to commit $35 million to $150 million to each fund, with OPIC’s commitment not representing more than 33% of a fund’s total capitalization.
“Fund managers investing in infrastructure and infrastructure-related sectors within sub-Saharan Africa, including energy and energy-related services, will receive additional consideration,” the call for proposals states.
The call for proposals is available on OPIC’s website. Proposals are due Dec. 2. Final selections could be made as early as the second quarter of 2014, said David Fann, president and CEO of TorreyCove Capital Partners, in an e-mail.