OPIC Launches Billion Dollar Co-investment Platform

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Devex  | Fri, Nov 9, 2018

by Adva Saldinger

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The Overseas Private Investment Corporation and Liberty Mutual Insurance announced a billion dollar co-investment platform that will invest in small- and medium-sized enterprises, a first for OPIC as it looks to try new tools and attract more institutional investors to the development finance arena.

OPIC and Liberty Mutual are each committing $500 million to invest in bank and nonbank financial institutions that will lend to SMEs in a risk-sharing structure. This is the first time OPIC has worked with a U.S.-owned insurance company to share credit risk across a global portfolio of new OPIC loans.

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