TRIPP+ Trans-Caspian Enterprise Fund
Current understanding
The TRIPP+ Trans-Caspian Enterprise Fund is a State Department-supported enterprise fund vehicle directing capital toward private-sector and economic development activities in the South Caucasus / Trans-Caspian region, with Armenia identified as a place of performance. A single obligation of $402.0M has been recorded to date. Enterprise funds are a long-standing U.S. foreign-assistance modality (dating to the post-Cold War transition era) that provide equity, loans, and technical assistance to build market institutions in partner countries.