Portland Caribbean Fund II
Portland Private Equity reached a final close of over $200M on Portland Caribbean Fund II in 2014. The investor base features a cross-section of development finance institutions, pension plans, and insurance businesses. The fund is fully invested and focused on making growth equity investments in high quality, scalable businesses as well as transactions in the infrastructure and essential asset sectors. Fund II’s geographical mandate covers the Caribbean Basin – a region that includes the Caribbean, Colombia, and Central America.
Our Ideal Investments
Markets
- Sectors which we understand where our advisors, limited partners, and network can bring significant additional value.
- Opportunities in markets that have secular growth drivers.
Company Size
- Existing businesses with the potential to achieve near-term revenues and EBITDA in excess of USD$100M and USD$10 respectively.
Company Profile
- Preferably a combination of honest and strong management, defensibly large growth prospects, and unique attributes providing competitive advantages.
- Companies that might be a platform or consolidator for a region are favored.
Investment Size
- A minimum of USD $15M of total capital to a company. We might place this capital in tranches against milestones.
Structures
- Investment must result in our being in an influential control position which might still be a minority interest.
- We support the prudent use of leverage.
- We structure our investments with an enphasis on preserving capital while meeting target investment returns which vary on a per investment basis.
Co-investors
- A preference to co-invest alongside partners with an intimate knowledge of the local business environment, strong networks, and a reputation of ethics and smarts.
Geographic Focus
- CARICOM member and associate member states and the Dominican Republic.
- We have latitude to invest outside these countries under certain circumstances.
Our Portfolio
Date of Investment: January, 2011
Deal Value: $35 million
Status: fully realized
Date of Investment: January, 2015
Deal Value: $15 million
Status: fully realized
Date of Investment: April, 2016
Deal Value: $10 million
Status: partially realized
Date of Investment: June, 2017
Deal Value: $ 15 million
Status: partially realized
Date of Investment: July, 2017
Deal Value: $ 15 million
Status: partially realized
Date of Investment: September, 2019
Deal Value: $ 7 million
Status: unrealized
Date of Investment: September, 2019
Deal Value: $ 4.5 million
Status: unrealized
