USAID Pakistan is offering the Private Investment Initiative grant to provide co-funding for equity or quasi-equity investments in high-growth SMEs in Pakistan. The grant involves entering into agreements with USAID for investments ranging from 15 to 20 million dollars per fund, requiring a dollar-for-dollar match with higher matches preferred. Prospective partners/investors must commit to investments. The 5-year investment window will see investments liquidated after a 5-year holding period. Compensation for fund management companies is negotiable. The procurement process involves accepting concept papers followed by full applications from the top initial candidates. Closing date: September 12, 2013.
Opportunity ID: 199453
General Information
| Document Type:: | Grants Notice |
| Funding Opportunity Number:: | APS-391-12-000001 |
| Funding Opportunity Title:: | Pakistan Private Investment Initiative PPII |
| Opportunity Category:: | Discretionary |
| Opportunity Category Explanation:: | |
| Funding Instrument Type:: | |
| Category of Funding Activity:: | Business and Commerce |
| Category Explanation:: | |
| Expected Number of Awards:: | 4 |
| Assistance Listings Number(s):: | 98.001 — USAID Foreign Assistance for Programs Overseas |
| Cost Sharing or Matching Requirement:: | Yes |
| Version:: | Synopsis 4 |
| Posted Date:: | Sep 07, 2012 |
| Last Updated Date:: | Oct 17, 2012 |
| Original Closing Date for Applications:: | Sep 12, 2012 |
| Current Closing Date for Applications:: | Sep 12, 2013 |
| Archive Date:: | Oct 12, 2013 |
| Estimated Total Program Funding:: | $ 76,000,000 |
| Award Ceiling:: | $24,000,000 |
| Award Floor:: | $0 |
Eligibility
| Eligible Applicants:: | Unrestricted (i.e., open to any type of entity above), subject to any clarification in text field entitled “Additional Information on Eligibility” |
| Additional Information on Eligibility:: |
Additional Information
| Agency Name:: | Pakistan USAID-Islamabad |
| Description:: | USAID Pakistan seeks interest in its project which provides for investment fund management companies to co-fund, with USAID, equity or quasi-equity investment in potential high growth small and medium sized businesses (SMEs) in Pakistan. USAID Pakistan intends to enter into multiple agreements with an investment by USAID of 15 to 20 million dollars per investment fund. USAID will require a match of at least dollar for dollar with greater matches viewed favorably. Evidence of investment commitments from prospective partner/investors will be required to satisfy this requirement. The window for investments will be 5 years with investments liquidated after an anticipated 5 year holding period. The compensation of the fund management company for its service would be market based and subject to negotiation. This procurement will be conducted as a multi-tiered assistance procurement with concept papers initially being accepted and full applications sought from the highest evaluated initial applications. |
| Link to Additional Information:: | |
| Grantor Contact Information:: | If you have difficulty accessing the full announcement electronically, please contact: |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
| Synopsis 4 | The purpose of this modification is to change the close date from October 12, 2012 to September 12, 2013. All other terms and conditions of the APS remain unchanged. | Oct 17, 2012 |
| Synopsis 3 | This modification is to change the award ceiling from $20,000,000 to $24,000,000. | |
| Synopsis 2 | The purpose of this modification is to change the closing date of applications to October 12, 2012 | |
| Synopsis 1 |
Package Status
Below are CLOSED Opportunity Package(s) no longer available for this Funding Opportunity:
Package No: 1
| Assistance Listings: | 98.001 |
| Competition ID: | |
| Competition Title: | |
| Opportunity Package ID: | PKG00146930 |
| Opening Date: | Sep 13, 2012 |
| Closing Date: | Sep 12, 2013 |
| Agency Contact Information:: | Sufyan Javed |
| Who Can Apply:: | Organization and Individual Applicants |
| mendatory_forms |
Application for Federal Assistance (SF-424) [V2.1] Assurances for Non-Construction Programs (SF-424B) [V1.1] Budget Information for Non-Construction Programs (SF-424A) [V1.0] |
| optional_forms |
Packages
| Assistance Listings | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions | Who Can Apply: | |
|---|---|---|---|---|---|---|---|---|
| 98.001 | PKG00146930 | Sep 13, 2012 | Sep 12, 2013 | View | Sufyan Javed | Organization and Individual Applicants |