Home Business & Finance Squared Capital Approved for up $200 Million in Financing for Co-Investments from OPIC
Squared Capital Approved for up $200 Million in Financing for Co-Investments from OPIC

Squared Capital Approved for up $200 Million in Financing for Co-Investments from OPIC

17
0

Squared Capital has received approval for up to $200 million in financing from the Overseas Private Investment Corporation (OPIC) to be deployed through co-investments alongside the ISQ Global Infrastructure Fund. I Squared Capital was selected from among 150 managers and received one of the largest commitments that OPIC has made to a fund manager to date.

OPIC’s co-investment financing will target middle-market infrastructure investments throughout South and Southeast Asia and anticipates investments in transportation, renewable energy, distributed combined heat and power, water resources and waste management projects.

“Infrastructure provides a critical foundation for an economy. Our partnership with I Squared Capital will enable us to direct more capital to Asian infrastructure projects that support basic needs and promote economic development,” said Brooks Preston, OPIC’s Vice President for Investment Funds. “We share I Squared Capital’s commitment to the environment, workers’ and human rights in emerging markets and continue to make it a key component of our investment strategy.”

“I Squared Capital’s ability to source deals and manage relationships with governments and communities comes from its on-the-ground teams which have a deep understanding of the cultures, languages and traditions of Asia,” said Sadek Wahba, Managing Partner at I Squared Capital. “South and Southeast Asia infrastructure will require enormous investment in the coming decade to keep pace with economic development. OPIC’s co-investment financing will have a significant impact in this vital sector.”

(17)

Anand Gupta Editor - EQ Int'l Media Network

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *