NCB Capital Markets chief executive Steven Gooden wants pension funds to collectively invest $15 billion as equity in fast-growing businesses as a new source of funding in Jamaica.
“Look at the pension fund industry, that industry has north of $300 billion in assets under management. Imagine five per cent of that being allocated to financing private equity opportunities. That is $15 billion worth of funding, Think of the difference that could make for local businesses.” Gooden made the comments while launching NCB Capital Quest reality TV series at the NCB Wellness Centre in Kingston on Thursday night.
The series aims to pump up to $50 million in equity in one of the businesses vying to win the reality show. The funding will primarily come from NCB Cap Markets along with Norbrook Capital Management Ltd led by Khary Robinson.
Published in the Observer
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