Today: 2 August 2025
5 December 2023
1 min read

Biden Picks Deven Parekh for Three More Years

In 2021, Parekh received the Robert F Kennedy Ripple of Hope Award. He is also a Henry Crown Fellow of the Aspen Institute…reports Asian Lite News

US President Joe Biden has nominated Indian-origin global venture capitalist Deven Parekh to the Board of Directors of the International Development Finance Corporation for a fresh term of three years.

Parekh is a Managing Director at Insight Partners, a growth equity investment fund based in New York City.

By statute, the Development Finance Corporation Board of Directors includes four members recommended to the President from Senate and House leadership.

Parekh is the nominee recommended by the Senate Majority Leader, the White House said in a statement.

Since joining Insight in 2000, Parekh has made more than 140 investments in enterprise software, data, and consumer internet businesses globally, including in North America, Europe, Asia, the Middle East, Africa, Latin America, and Australia.

In addition to his work at Insight and for the Development Finance Corporation, Parekh serves as a Board Member for the Council on Foreign Relations, the Carnegie Endowment for International Peace, NYU Langone, the Tisch New York MS Research Center, and the Economic Club of New York.

He has previously served on the Board of the Overseas Private Investment Corporation, the Advisory Board of the US Export-Import Bank, and a Technical Advisory Council of the Federal Communications Commission.

In 2021, Parekh received the Robert F Kennedy Ripple of Hope Award. He is also a Henry Crown Fellow of the Aspen Institute.

Prior to joining Insight, Parekh was a Principal at Berenson Minella & Company, a New York-based merchant banking firm, where he served on the M&A Committee.

He also worked for Blackstone on M&A and other investment activities. Parekh has a B.S. in Economics from the Wharton School at the University of Pennsylvania.

The US International Development Finance Corporation is America’s development bank, and partners with the private sector to finance solutions to challenges facing the developing world.

ALSO READ-House Republicans consider vote to impeach Biden

Previous Story

Saudi Minister on India Visit

Next Story

Alabama Gears Up for Smallest GOP Debate Stage

Latest from -Top News

IBPC Dubai charts new growth path

Former Tata Motors CEO Ravi Kant headlines exclusive event as Indian business council sets course for transformation….reports Asian Lite News The Indian Business & Professional Council (IBPC) Dubai has signalled a significant

Miles in the Malls!

Dubai Mallathon kicks off today – The emirate’s biggest malls transform into indoor fitness arenas, inviting residents to walk, run, and win — all while staying cool, healthy, and community-connected….reports Asian Lite

Famine grips Gaza, WHO warns

WHO said Gaza’s population is facing acute food insecurity under the Integrated Food Security Phase Classification…reports Asian Lite News The World Health Organisation (WHO) has issued its starkest warning yet about the

Lifeline from UAE to Gaza

UAE’s Operation Chivalrous Knight 3 sustains Gaza’s collapsing health system with hospitals, treatment, aid, and vaccines, offering vital relief to thousands amid deepening crisis….reports Asian Lite News The United Arab Emirates has

Modi, MBZ talk big ties

The call reaffirmed their keenness to “strengthen relations in line with their shared vision to leverage opportunities and deepen strategic cooperation.”…reports Asian Lite News In a significant diplomatic engagement, Prime Minister Narendra
Go toTop

Don't Miss

Biden’s 2024 Strategy Under Scrutiny

The poll said his approval rating is a mere 31

Biden’s climate plan gets Senate nod

Biden hailed the passage of the bill, highlighting the work