Milverton Reynolds, Managing Director of the Development Bank of Jamaica (DBJ)
A new entity, aimed at fostering development of the local and regional alternative investment industry was recently launched in Jamaica.
The not-for-profit entity, dubbed the Caribbean Alternative Investment Association will promote expansion of private equity, venture capital, real estate, private capital, mezzanine financing and other alternative investment instruments.
It is anchored by the Development Bank of Jamaica (DBJ), through its Jamaica Venture Capital Programme.
Milverton Reynolds, Managing Director of DBJ, said the association's establishment is one of the deliverables under a technical agreement with the Inter-American Development Bank in 2016, for the establishment of a private equity venture capital industry in Jamaica.
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