PROJECT

Projects

Summary of Investment Information

Project Number

32934

Company Name

PORTLAND CARIBBEAN FUND II, LP

Date SPI Disclosed

Jan 29, 2013

Country

Caribbean Subregion

Region

Latin America and the Caribbean

Projected Board Date

May 15, 2013

Environmental Category

FI-1 - Significant

Status

Active

Last Updated Date

Jul 1, 2021

Department

Equity Portfolio Management

Industry

Health, Education and Life Sciences

Previous Events

Approved : May 16, 2013
Signed : May 30, 2013
Invested : Oct 14, 2014

Sector

Private Equity/Venture Cap Fund - Regional

Project Description

The project entails an IFC equity investment of up to $20 million in Portland Caribbean Fund II (“PCF II” or “the Fund”), a 10-year closed-end fund that seeks to raise $200-300 million to invest in 6-10 companies in various sectors (financial services, infrastructure/energy, ICT, agribusiness, consumer-oriented/retail, health care and property) predominantly in the Caribbean (though Fund may invest up to 20% in adjacent countries, i.e. Central America or Colombia).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation