OPIC Approves $75 Million for Technology Equity Investment Fund
The Board of Directors of the Overseas Private Investment Corporation approved up to $75 million in financing to support the establishment of a private equity investment fund designed to invest in companies that could utilize technological innovation to achieve high…
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growth, in response to an announcement by President Obama last year. The fund will invest globally, but with a specific emphasis on OPIC-eligible countries in the Middle East, Africa, and South, Central and Southeast Asia. The fund has a target capitalization of $300 million.