The Overseas Private Investment Corporation, the U.S. government's development finance institution, has announced a commitment of up to $285 million for six new investment funds that aim to catalyze impact investing in emerging markets.
The funds represent a diverse group of financing vehicles committed to investing in companies and projects that are working to improve lives, create employment, enhance health care, protect forests, and address climate change. The selected funds, which hope to raise more than $875 million with the help of the OPIC commitment, were drawn from a record eighty-eight responses to OPIC's call for impact investing proposals in March — a response so positive that the agency expects to announce additional approved facilities in 2012.
“In Historic Commitment to Impact Investing, OPIC Board Approves $285 Million for Six Funds Catalyzing $875 Million in Investments.” Overseas Private Investment Corporation Press Release 10/28/11.
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