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Old November 26th, 2019, 11:16 AM
Jangle Jangle is offline
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Join Date: Jul 2006
Posts: 18,004
Default Big boost for Jamaica's investor ecosystem with CARAIA

Jamaica's investor ecosystem has been bolstered with the official launch of the Caribbean Alternative Investment Association (CARAIA), aimed at promoting the expansion of private equity, venture capital, real estate, private capital, mezzanine financing and other alternative investment instruments.

The non-profit organisation was incorporated in Jamaica in July 2019 as a regional association, representing the collective interests, promoting best practices and increasing the visibility of the Caribbean on global investment maps and mobilising greater levels of long-term funding.

In addition, the association is charged with the responsibility of supporting entrepreneurship and infrastructure development, while accelerating economic growth.

Full membership is comprised of corporate, institutional investors and fund managers, while associate membership is open to professional accountants and attorneys, business enablers, academic institutions, angel investor networks and umbrella groups.

Anchored by the Development Bank of Jamaica (DBJ) through its Jamaica Venture Capital Programme (JVCP), CARAIA is one of the deliverables under a Technical Corporation Agreement signed in 2016 with the Inter-American Development Bank now IDB Lab for the establishment of a Private Equity-Venture Capital Industry in Jamaica.

http://www.jamaicaobserver.com/busin...0?profile=1056
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