"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 third investment of Portland Caribbean Fund II
Bermuda
April 18, 2016
Portland Private Equity, a leading private equity fund management company, is pleased to announce the completion of Portland Caribbean Fund II’s third investment, an equity transaction with Clarien Group Limited, owner of Clarien Bank Limited. Clarien Bank is a leading domestic bank in Bermuda, and the investment will provide capital for strategic growth, enabling the bank to invest further in world-class financial products and services and expand its offerings into regional and global markets.
Contact:
For more information visit www.portlandpe.com or contact Douglas Hewson at dhewson@portlandpe.com.
About Portland Private Equity:
Portland Private Equity is a private equity fund management company currently focused on private equity growth opportunities in the broader Caribbean region through its management of the AIC Caribbean Fund and its successor, Portland Caribbean Fund II.