Luxembourg, 6 December 2023 – Global law firm Hogan Lovells has advised Portland Private Equity on the setup of their Luxembourg investment fund Portland Caribbean Fund III. The fund hits first close at US$100 million out of a total US$350 million target.
The fund will focus on making growth equity investments in high quality, scalable indigenous businesses (financial, communication, consumer and hospitality sectors), in the Caribbean Islands, Colombia, and Central America.
Among the investors is The European Investment Bank.
The matter was mainly dealt with by the Hogan Lovells Luxembourg investment funds team led by partner Pierre Reuter and composed of senior associate Simon Recher and associate Mathilde Soetens together with Washington D.C.-based investment funds partners David Winter, and Bryan Ricapito, and senior associate Myles DePass.
Partner Gérard Neiens and counsel Jean-Philippe Monmousseau advised on Luxembourg tax aspects.
London-based partner Rita Hunter and associate Julia Cripps advised on SFDR aspects.
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