OPIC is committing up to USD 100 million to private equity vehicle GEF South Asia Clean Energy Fund. Global Environment Fund (GEF) is an international private equity firm investing in companies that make positive contributions to the environment, human health and the sustainable management of natural resources. The GEF South Asia Clean Energy Fund will focus on solar, wind, hydropower, biofuel, natural gas and other projects that develop low-carbon economies in the region, particularly India. OPIC, which has assets of USD 8.6 billion, supports private investment in more than 150 emerging market economies and countries. Its four principal activities are project finance, political risk insurance, private equity investment funds and outreach activities. OPIC has invested in private equity for many years and has built a portfolio that includes buyout, venture, mezzanine and natural resources investments.
Another government agency, Australia’s Innovation Investment Fund (IIF), is committing up to AUD 80 million to venture capital funds. The IIF programme is allocating AUD 20 million each to Carnegie Venture Capital, MRCF, Southern Cross Venture Partners and Start-up Australia. The funding is subject to the firms being able to raise an equivalent or greater amount from private investors. Since 1998, IIF has committed about AUD 600 million to funds that grow Australia’s venture capital capacity. IIF prefers to invest in early-stage venture funds.
More information on private equity investors is available via Preqin’s Investor Intelligence.