CARIBBEAN EQUITY Partners Limited (CEP) and Caribbean Basin
Investors Limited (CBIL) have recently formed the Caribbean Investment Fund
to make investments in the 14 member countries of the Caribbean Community
As the "first mover" in the Caribbean private equity, the Fund has raised
US$50 million to be invested in influential equity stakes in select
business opportunities in the Caribbean region. By employing the best
practices of emerging markets private equity firms, the Fund seeks to
become a premier investment vehicle through which international capital can
participate in the region's investment opportunities.
Caribbean Equity Partners will manage the Fund on behalf of CBIL and the
Citibank N.A. Jamaica Branch and Citibank (Trinidad and Tobago) Limited
have agreed to work with the Fund to provide debt financing to companies
that the Fund invests in, up to an aggregate amount of US$30 million. The
arrangement will be structured to complement equity investments made by the
Fund that meet the credit criteria jointly established with Citibank.