WASHINGTON, Oct 27 (Bernama-BUSINESS WIRE) -- The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has signed a commitment to provide $200 million in financing to ISQ Asia Fund, L.P., an infrastructure fund managed by U.S.-based infrastructure investor I Squared Capital. The Asia Development Bank estimates that over $1 trillion must be spent on infrastructure to maintain the region’s continued economic growth. With South and Southeast Asian economies being held back by lack of infrastructure, there is an increased need for private sector investments in the region. With support from OPIC, I Squared Capital hopes to deploy capital throughout emerging Asia to finance projects that will contribute to the current economic growth trajectory.
“Investments in infrastructure are a critical foundation for lasting development,” said Elizabeth L. Littlefield, OPIC President and CEO. “Across Asia, there is a significant demand for infrastructure that is not currently being met. By partnering with I Squared Capital, we hope to focus on infrastructure investments including renewable energy, transportation, water and waste management throughout Asia’s emerging markets. These projects will promote sustainable economic development and demonstrate the potential for investments in these markets.”
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