The U.S. Agency for International Development (USAID) has launched the Pakistan Private Investment Initiative in partnership with the Abraaj Group and JS Private Equity Management. The Pakistan Private Investment Initiative will launch two new private equity funds focused solely on Pakistan’s dynamic and fast growing small- and medium-sized businesses. USAID will provide a seed investment to capitalize the funds and Abraaj Group and JS Private Equity Management have committed to match or exceed these seed funds with investments of their own, as well as private funds raised from other limited investors. The pooled funds will initially be $100 million. By investing in Pakistani private businesses, the United States is supporting private sector growth and job creation – and Pakistan’s role as a robust and fast-growing economic partner among its neighbors and within the global economy.
The Pakistan Private Investment Initiative is a new approach that will identify promising businesses with growth prospects and invest in them to expand their market share, innovate product and service lines, and ultimately create jobs and increase incomes. In addition, the Pakistan Private Investment Initiative is expected to demonstrate that investing in growth-focused enterprises can generate real profits for investors. This demonstration effect is expected to attract more investment into the enterprise sector through establishment of additional private equity funds.
|Location||Pakistan, South Asia|
|Value||USD 100 Million|