According to the Bank’s website, IDB Invest is considering an equity investment of up to US$10 million in Portland Caribbean Fund III (inclusive of seeking a US$3 million Blended Finance equity participation with resources from IDB Invest's administered funds) that Portland Private Equity is raising. This multisector fund has a US$150-200 million target focused on medium-sized companies in the Caribbean basin. As a pioneer investor in the Caribbean with a strong sustainability practice, Portland is one of IDB Invest's strategic partners in the region, based on extensive experience and a deep regional network. IDB Invest is an existing investor in and lender to Portland's prior fund, which is currently divesting.
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CONTACT NAME: Douglas Hewson
POSITION: Socio Director
PHONE NUMBER: 613-315-1863
IDB Invest Contact
ADDRESS: 1350 New York Ave NW, Washington, DC 20005
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request
ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST
The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IDB Invest)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IDB Invest is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).