DFC-004 - Supporting Statement

DFC-004
[OMB-3015-XXX]
Investment Funds Application
SUPPORTING STATEMENT FOR APPROVAL
A. Justification
1) Legal authority for this information collection is found in the Better Utilization of
Investments Leading to Development Act of 2018 (the “BUILD Act”), Public Law 115254. One method through which the US International Development Finance Corporation
(“DFC”) will execute its mission is through the Investment Funds Department (“IFD”),
whereby capital is allocated to private equity fund managers (“Managers”) who in-turn
invest that capital into companies or projects that align with DFC’s mission. IFD will
select Managers through a quarterly call for proposals (the “Call”). To select Manager(s),
IFD will assess each Manager and its respective investment thesis against a set of varying
criteria that will include (inter-alia) (i) alignment to DFC’s mission, (ii) team cohesion,
(iii) historical track record, and (iv) credibility of investment thesis. The Investment
Funds Application will be the principal document used by the agency to determine the
investor’s and the project’s eligibility for funding and will collect information for
underwriting analysis.
2) The information is collected by DFC’s Investment Funds Department through a webbased platform administered through DFC’s website. The information is used by IFD to
determine a Manager’s eligibility for DFC financing, and to collect information for
financial underwriting analysis.
3) This form is completed with the use of a web-based application. This provides a secure
and efficient means for applicants to transmit the required information to the agency.
4) There will be limited duplication of data as a result of the administration of this
Investment Funds Application. Limited information that is asked of a given Manager can
be obtained through other repositories (e.g. private placement memorandums); however,
this particular information will likely not be presented in a uniform manner, and
considering we anticipate 150 applications, will prove difficult for DFC to efficiently
synthesize and analyze. To mitigate this limited potential for duplication, this form has
been crafted with a keen focus on ease of completion (i.e. clear and close ended questions
with drop down menus). The majority of information required by this form is not
duplicative to an applicant; however even in this regard, the web-based format and clarity
of questions will make the completion process more efficient for the applicant, the
analysis more efficient for DFC, and the cost more reasonable for both parties.
5) A wide range of applicants will submit an application; all applicants will be asked the
same questions.

6) Without a form to collect the information, the amount of staff time needed to gather the
requisite information would be significantly greater and would result in multiple requests
for information from program users. This would reduce the amount of time that could be
devoted to working with applicants/clients and analysis, thereby reducing the
productivity and administrative efficiency of the equity program.
7) No special circumstances exist that require the information collection to be conducted in
a manner inconsistent with the guidelines of the Paperwork Reduction Act and OMB’s
implementing regulations.
8) The first Federal Register Notice was published on March 22, 2019 (84 FR 10843). The
agency received public comments and, pursuant to those comments, made edits. The
second Federal Register Notice was published on June 21, 2019 (84 FR 29249)
9) No payments or gifts are offered to respondents.
10) When trade secrets or confidential commercial or financial information are submitted to

the agency in this collection, they will be held in confidence to the extent permitted by
applicable law including the Freedom of Information Act (“FOIA”) at 5 U.S.C. section
552(b)(4) and the agency’s implementing regulations at 22 C.F.R. Part 706.
11) None of the questions on this form are of a sensitive nature.
12) The estimated burden of collecting this information is as follows:
150 respondents
x 1 per respondent
= 150 total annual responses
x 1 hour per average respondent
= 150 respondent hour
x $75/hour for personnel, record-keeping, overhead
$11,250 total cost to respondents
Respondents only complete the form once per request for support.
13) The estimated annualized cost to respondents is as follows:
(a) Total capital and start-up costs = $0;
(b) total operation and maintenance costs = $0.
All costs associated with this form are part of the normal cost of doing business. Since all
submissions will become electronic and stored on DFC’s secure servers, there will be no
postage or storage costs.
14) The estimated annualized cost to the Federal government is as follows:
150
respondents per year

x1
150
x1
150
x $56.15
$8,422.50

per respondent
total annual responses
average hours to review one response
total federal hours
GS-14/1 hourly wage
total cost to the Federal government

15) This is a new information collection.
16) Not applicable. Information provided in the application is not published.
17) Not applicable. The OMB expiration date will be printed on each form.
18) Not applicable. No exceptions are being requested on the certification statement.