Portland Caribbean Fund III

in implementation

IDB Invest is considering an equity investment of up to US$10 million in[1]Additionally, the Fund aims to contribute to the United Nations’ Sustainable Development Goals (“SDGs”), with a focus on the following SDGs: gender equality and reduced inequalities (SDG 5 and SDG 10); decent work and quality jobs (SDG 8); industry, innovation, and infrastructure (SDG 9); responsible consumption and production (SDG 12); and climate action (SDG 13). Additional SDGs will be supported through Portland III’s overall environmental and social program.IDB Invest would provide Climate Technical Assistance. IDB Invest’s relatively small participation would have a strong catalytic effect, triggering an increased Fund Manager commitment and allowing the Fund to reach its minimum US$100 million first closing.[1]Entrepreneurship – 51% women ownership or the business is founded by a woman. Leadership – 30% women in senior leadership or 30% women on the Board or Investment Committee