"The team at Portland Private Equity understands the property and casualty insurance business and the nuances of business building in Jamaica. They have proven to be deeply knowledgable and well connected investors and I view them as valuable mentors and constructive contributors on the board of directors."
Portland Private Equity announces fourth investment of AIC Caribbean Fund
St. Michael, Barbados
November 17, 2009
Portland Private Equity, a leading private equity fund management company, is pleased to announce the completion of the AIC Caribbean Fund’s fourth investment, a transaction with the Dominican Republic’s premier property developer, Group Metro, in relation to its affordable luxury condominium development Las Olas.
Contact:
For more information visit www.portlandpe.com or contact Douglas Hewson at dhewson@portlandpe.com.
About Portland Private Equity:
Based in Barbados, Portland Private Equity is a private equity fund management company currently focused on opportunities in the Caribbean region through its management of the AIC Caribbean Fund (ACF). Building on Portland’s track record of successful investments throughout the Caribbean region, ACF is a ~$230M fund focused on medium-sized businesses. Companies in Portland’s portfolio do business in over 20 countries throughout the Caribbean, Central America, and Latin America.