White House Renominates Deven Parekh To IDFC

India-West News Desk

WASHINGTON, DC – President Joe Biden has renominated Deven J. Parekh, a global venture capitalist, to the Board of Directors of the US International Development Finance Corporation for a second term. The nomination was sent to the Senate on November 30, the White House said.  

Parekh is a Managing Director at Insight Partners, a growth equity investment fund based in New York City. In addition to his work at Insight and for the Development Finance Corporation, which he was appointed to for three years by former President Donald Trump, Parekh serves as a Board Member for the Council on Foreign Relations and the Carnegie Endowment for International Peace.

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

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.