OPIC Investment Funds

The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities. OPIC helps American businesses gain footholds in new markets, catalyzes new revenues and contributes to jobs and growth opportunities both at home and abroad. OPIC fulfills its mission by providing businesses with financing, political risk insurance, advocacy and by partnering with private equity investment fund managers. OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States.

Rod Morris

VP of Insurance

Past deals in Nigeria

d.light

Debt Financing in 2019
d.light is a company that designs, manufactures, and distributes solar lighting and power products, primarily aimed at households and small businesses lacking reliable electricity. Founded in 2007 as a for-profit social enterprise, d.light has developed a range of products, including solar lanterns, home systems, and various appliances, to serve over 2 billion people globally. With distribution hubs in East and West Africa, India, Southeast Asia, and the United States, the company has reached over 65 million individuals, providing affordable and accessible solar solutions. d.light is committed to transforming energy usage and payment methods, enhancing the quality of life for users in rural and semi-urban areas through its innovative solar-powered products. The company operates from its headquarters in Palo Alto, California, with additional offices in key locations such as Shenzhen, China; Gurgaon, India; Nairobi, Kenya; Kampala, Uganda; and Lagos, Nigeria.

Union Bank of Nigeria

Debt Financing in 2019
Union Bank of Nigeria Plc is a retail and commercial bank headquartered in Lagos, Nigeria, with a history dating back to 1917. The bank offers a diverse range of financial products and services tailored for individuals, small and medium-sized enterprises, and corporate clients, primarily within Nigeria and the United Kingdom. Its operations are organized into four main segments: Retail Banking, Commercial Banking, Corporate Banking, and Treasury. The bank provides essential services such as current and savings accounts, debit cards, and online and mobile banking. Additionally, it supports SMEs with specialized accounts, loans, and financial solutions, along with comprehensive offerings in cash management, trade finance, and agribusiness. Union Bank of Nigeria Plc operates as a subsidiary of Union Global Partners Limited.

Atlas Mara Ltd.

Post in 2017
Atlas Mara Limited is a private equity firm focused on potential and bolt-on acquisitions, primarily in the sub-Saharan African market, while also considering opportunities outside the continent. Formed by Atlas Merchant Capital LLC and Mara Group Holdings Limited, the firm aims to acquire target companies or businesses within the financial services sector. Atlas Mara does not have a specific acquisition under consideration and does not plan to engage in substantive negotiations until after its admission process. The firm is led by Bob Diamond and Ashish J. Thakkar. Any capital not utilized for acquisitions is intended for future growth and expansion, as well as working capital related to acquired entities. Atlas Mara is headquartered in Road Town, British Virgin Islands.