Equity Investments
The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. DFC invests across sectors including energy, healthcare, critical infrastructure, food security, and small business support. DFC investments adhere to high standards and respect the environment, human rights, and worker rights. DFC seeks to support early and growth-stage companies and projects that are otherwise not able to take on debt, especially companies in low and lower-middle income countries.
General information about this opportunity
Last Known Status
Active
Program Number
87.004 Federal Agency/Office
United States International Development Finance Corporation Type(s) of Assistance Offered
C - Direct Payments For Specified Use
Program Accomplishments
Fiscal Year 2023 Invested $482.5 million across 22 projects, including: An equity investment to support transportation and digital infrastructure, advancing efforts towards a clean-energy transition; renewable in the Middle East, North Africa, and Eurasia through renewable energy infrastructure projects. See Authorization
22 U.S.C. 9621(c)BUILD Act of 2018
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
DFC supports investment in more than 100 countries around the world and prioritizes investment in low- and lower-middle-income countries, as defined by the World Bank. DFC may consider projects in certain upper-middle-income countries that address key agency priorities or serve underserved communities. Investors must be willing and able to make sufficient financial investment to the project to support its long-term viability. Projects DFC supports must demonstrate the competence of the management team and financial records in the same or a closely related business that show a recent record of success. All DFC projects are required to be conducted with respect for the environment, worker rights, human rights, and local communities, while also encouraging a positive host country impact. Evaluation of prospective applicants considers the following criteria: Real revenue and demonstrated product market fit; High growth with strong business model fundamentals; Large commercial market with potential for scale; Growth-stage companies with plausible exit routes; Experienced management team; Investments with like-minded DFIs, strategic investors, and/or private equity or venture capital firms; Sound legal structures and appropriate governance. See Beneficiary Eligibility
Not applicable. Credentials/Documentation
Yes - Investors and other persons will be required to provide information to support DFC's screening. See What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is required. See Application Procedure
This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Award Procedure
See Deadlines
Not applicable.
Approval/Disapproval Decision Time
Not applicable. Appeals
Not applicable. Renewals
Not applicable. How are proposals selected?
Subject to negotiated terms and conditions. See How may assistance be used?
Subject to negotiated terms and conditions. See What are the requirements after being awarded this opportunity?
Reporting
Not applicable. Auditing
Subject to negotiated terms and conditions. Records
Not applicable. Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.Matching requirements are not applicable to this assistance listing.
MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
Typically disbursement over 1 to 5 years; subject to negotiated terms and conditions. Who do I contact about this opportunity?
Regional or Local Office
None/Not specified. Headquarters Office
Office of Equity and Investment Funds (OEIF)1100 New York Ave NW
Washington, DC 20503 USA
equity@dfc.gov
Phone: 2023368400
Website Address
https://www.dfc.gov/what-we-offer/our-products/equity-investments
Financial Information
Account Identification
77-4483-0-3-151 Obligations
(Direct Payments for Specified Use) FY 22$528,249,999.00; FY 23 est $482,499,962.00; FY 24 est $720,000,000.00; - FY24 is per President's Budget Request Range and Average of Financial Assistance
Typical range is $10 - $50 million. Regulations, Guidelines and Literature
See
