"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 chairman joins board of leading development institution
St. Michael, Barbados
March 3, 2009
Portland Private Equity, a leading private equity fund management company, today announced that its Chairman, Mr. Michael Lee-Chin, has recently joined
the board of the Trust for the Americas (the “Trust”), a development institution affiliated with the Organization of American States (“OAS”)(www.trustfortheamericas.org and www.oas.org).
The Trust focuses on capacity building programs, both for individuals and organizations.Its programs help more than 80,000 disadvantaged persons in 21 countries throughout Latin America and the Caribbean and facilitate public and private sector participation in four areas that reflect the main goals of the OAS:
- Promoting a culture of labor rights compliance
- Transparency and governance
- Peace and reconciliation
- Information communications technology for development
Portland Private Equity Managing Partner, Kip Thompson comments: “It is not surprising to see Michael commit time and energy to an institution like the Trust. He cares deeply about people and has an established track record of investing and making a difference. Recent regional events underscore the important mission of the Trust and the OAS.”
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.