AIC Caribbean Fund

Portland Private Equity launched and manages the AIC Caribbean Fund (“ACF”), a $225M institutionally supported investment vehicle focused on compelling business opportunities across sectors in the Caribbean. The investment cycle of ACF is complete and Portland is focused on increasing the value of the remaining portfolio companies and providing liquidity to the fund’s investors. The fund has helped establish marquis companies in the region in areas like telecommunications, energy, renewable energy, and financial services. Its performance has been excellent and it has consistently met its target metrics with respect to distributions and total value.

Our Portfolio

Advantage General Insurance Company Ltd.

Date of Investment: September, 2008

Deal Value: $3.5 million

Status: fully realized

Columbus International

Date of Investment: December, 2006

Deal Value: $65.5 million

Status: fully realized

Moya Supervisiones y Construcciones, S.A

Date of Investment: December, 2007

Deal Value: $8 million

Status: fully realized

Las Olas

Date of Investment: December, 2008

Deal Value: $35 million

Status: unrealized

InterEnergy Holdings

Date of Investment: January, 2011

Deal Value: $35 million

Status: fully realized

World Food

Date of Investment: November, 2012

Deal Value: $4 million

Status: fully realized

"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."

"When we first met Michael and his team they immediately understood our objectives and shared our vision of the opportunity in telecommunication infrastructure throughout the Americas. They have been intelligent, active and supportive business partners in all dimensions of our growth."

"It was an honor to be AIC Caribbean Fund's first investee company in the Dominican Republic. As investors, they understand the pragmatic realities of the infrastructure construction business through different business cycles and were very responsive to the needs of Moya. We look forward to partnering again with ACF in the near future."