The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has approved a $100m commitment to Emerging Capital Partners’ (ECP) Africa Fund IV, which is focused on promoting economic growth in Africa.



The fund, which was selected from OPIC’s second global engagement call for proposals, is intended to provide expansion capital to high-growth companies throughout Africa.



Support to private equity is a cornerstone of OPIC’s development strategy, and the agency is one of the largest private equity fund sponsors in developing nations. 

Elizabeth Littlefield, OPIC’s President and CEO, said: “OPIC is a forward-thinking agency focused on supporting projects in the developing world and working to ensure that our development impact endures.”

“At a time when a growing share of our portfolio is focused on Sub-Saharan Africa, our support to the ECP Africa Fund IV will help foster the expansion of businesses that are so critical to local job creation and sustained African economic growth,” she said.