Portland Caribbean Fund II, expects to make two additional investments this year, with a combined worth of US$20 million.
The fund, controlled by investor Michael Lee-Chin's Portland Private Equity firm, expects to make investments in companies which make consumer products.
One target is located in Central America and the other in South America.
The investments would make the ninth overall by the entity.
The fund was set up to invest US$200 million in medium to large regional businesses, and the two additional investments this year would result in 80 per cent deployment.