← News Wed May 28, 2014 - 3:10 pm - 0 comments

Jamaicans form private equity firm on Wall St

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FLUSH with US$30 million in capital to invest, a group of Jamaican bankers and investors has set up shop on Wall Street where they plan to give Caribbean investors close access to the global capital markets.

Commonwealth Partners, which is led by former Financial Services Commission (FSC) head, Rohan Barnett, has already partnered with an existing broker dealer outfit in New York and a Cayman-based pension fund administrator.

What’s more, the US-incorporated private equity firm is on the verge of finalising a deal that will see it recapitalise and partner with a Jamaican-based financial services institution.

“We will utilise our numerous local and overseas relationships to grow our funding base and deliver the financial services model that the market is demanding,” Barnett told the Business Observer.

Published in the Jamaica Observer
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