"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 JSX Limited Initial Public Offering Oversubscribed by 23.5%
Kingston
June 24, 2016
Portland Private Equity, a leading private equity fund management company, is pleased to announce that an investment vehicle it created Portland JSX Limited, received an outstanding response to its initial public offering. The offering was oversubscribed by 23.55%, making it the largest IPO of ordinary shares ever on the Jamaica Stock Exchange. Portland JSX Limited is a holding company that invests in quality businesses in the Caribbean and Latin America primarily through Portland Caribbean Fund II, L.P.
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.