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vendredi 10 novembre 2023

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EIB Global-backed Portland Caribbean Fund III reaches first closing at US$ 100 million to invest in Caribbean companies

The Portland Caribbean Fund III has reached first close, thanks to the early US$35 million equity participation by the European Investment Bank (EIB) as a cornerstone investor. The fund will target a size of US$350 million to invest in promising small and medium-sized companies (SMEs) and mid-market companies in the Caribbean. EIB Vice-President Ricardo Mourinho Félix, said, “Small and medium-sized businesses are an important driver for economic growth in Caribbean countries. Through our support for the private sector, EIB Global aims to boost socio-economic development, strengthen the equity ecosystem and foster entrepreneurship in the region. We are proud that our longstanding partnership with Portland has backed many successful Caribbean companies, providing...

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