Portland Caribbean Fund II Commitment Increase Portland Caribbean Fund II, L.P. (the “Fund”) is a multi-sector growth fund that targets high-growth middle market companies that are poised for national or regional expansion. Particular emphasis will be on the following sectors: services (financial and non-financial), communications, renewable energy, agribusiness, and infrastructure. The geographical focus of the Fund is the CARICOM member and associate member states, Dominican Republic, Colombia, Panama and Costa Rica (together, the “Region”). The investors in the Fund are among others: Export Development Canada, European Investment Bank, German Development Bank (DEG), IFC, Caribbean Development Bank, Development Bank of Latin America (CAF) and local pension funds.The objective of the project is to provide further resources to support private equity investments in the Caribbean region. On December 2015, the IIC Board of Executive Directors approved an initial investment of US$5.1 million in the Fund. With the current project, the IIC proposes to increase its initial investment by US$10.2 million to reach a total investment of US$15.3 million in the Fund. This increase in IIC’s commitment will strengthen and continue IIC’s partnership with the Fund. Also, IIC will reach the investment level required to obtain the right to a voting membership at the Joint Advisory Committee instead of being an observer member, and will enable the IIC to explore opportunities to co-invest and finance the portfolio companies of the Fund.   The Fund now has a target size of US$200 million, a scale that will allow it to be successful and impactful and enable the Fund Manager to build a sustainable fund management platform in the Caribbean region for future successor funds. Portland Caribbean Fund II, L.P. (the “Fund”) is a multi-sector growth fund that targets high-growth middle market companies that are poised for national or regional expansion. Particular emphasis will be on the following sectors: services (financial and non-financial), communications, renewable energy, agribusiness, and infrastructure. The geographical focus of the Fund is the CARICOM member and associate member states, Dominican Republic, Colombia, Panama and Costa Rica (together, the “Region”). The investors in the Fund are among others: Export Development Canada, European Investment Bank, German Development Bank (DEG), IFC, Caribbean Development Bank, Development Bank of Latin America (CAF) and local pension funds.The objective of the project is to provide further resources to support private equity investments in the Caribbean region. On December 2015, the IIC Board of Executive Directors approved an initial investment of US$5.1 million in the Fund. With the current project, the IIC proposes to increase its initial investment by US$10.2 million to reach a total investment of US$15.3 million in the Fund. This increase in IIC’s commitment will strengthen and continue IIC’s partnership with the Fund. Also, IIC will reach the investment level required to obtain the right to a voting membership at the Joint Advisory Committee instead of being an observer member, and will enable the IIC to explore opportunities to co-invest and finance the portfolio companies of the Fund.   The Fund now has a target size of US$200 million, a scale that will allow it to be successful and impactful and enable the Fund Manager to build a sustainable fund management platform in the Caribbean region for future successor funds.