Friday, June 10 2016 18:42 EEST
The Board of Directors of the Overseas Private Investment Corporation approved support for eight new development projects totaling nearly $1.2 billion in OPIC financing
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These private sector-led development projects will invest in Sub-Saharan Africa, Ukraine, the Middle East, and South America, in a variety of sectors to include healthcare, financial services, clean energy and infrastructure.

U.S. Embassy Kyiv Ukraine shared on Facebook:

'The board of directors’ approvals for OPIC support included:

- Up to $37.5 million in financing to Emerging Europe Growth Fund III L.P., a private equity fund launched by Horizon Capital Advisors, LLC. This fund seeks to invest in fast-growing, mid-sized, export-oriented companies in Ukraine and Moldova with the potential to grow from local to regional market leaders. Horizon Capital Group is a private equity fund manager that originates and manages investments in mid-cap companies with offices in Kyiv, Ukraine, and Chicago, Ill.

- Up to $25 million in financing to Dragon Capital New Ukraine Fund L.P., a private equity fund managed by a subsidiary of Dragon Capital Holdings Limited. This fund is expected to have a significant developmental impact in Ukraine by investing in established Ukrainian businesses that are focused on product expansion, modernization, and growth potential in a wide range of sectors including agribusiness, healthcare, infrastructure, retail, consumer goods, and real estate.'

The Overseas Private Investment Corporation (OPIC) is the U.S. government’s development finance institution. It mobilizes private capital to help solve critical development challenges and, in doing so, advances U.S. foreign policy and national security objectives.

OPIC supports U.S. private investment in more than 160 developing and post-conflict countries around the world in products that produce important economic, environmental and developmental benefits. OPIC catalyzes revenues, jobs and growth opportunities from Europe to the Middle East, as well as Africa to Asia and Latin America.

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