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Portland private growth Fund


how the fund is managed
  • The Fund intends to invest in one or more private equity funds, co-invest with one or more private equity funds and invest in securities of other private companies as opportunities arise.
  • The Fund intends to invest a portion of its assets, which may be significant, into Portland Caribbean Fund II (Barbados) L.P., a Barbados limited partnership that is one of several parallel partnerships that together comprise Portland Caribbean Fund II (“PCF II”), a private equity fund with a mandate to make investments in equity or debt securities of private companies located in the Caribbean and Latin America.
  • The Fund intends to co-invest with PCF II in equity or debt securities of private companies located in the Caribbean and Latin America.
  • Pending the receipt of capital call notices in respect of the Fund’s commitments, the Fund may invest in a portfolio of income producing private and public debt and equity securities, either directly or indirectly through other funds.

fund facts by series
Series A F
Management fee 1.75% 0.75%

investment objective

The investment objectives of the Fund are to provide above average returns over the long term by investing directly or indirectly in a portfolio of equity or debt securities which may include securities of companies located in the Caribbean and Latin America and the majority of which, over the life of the Fund, are expected to be private.



KEY reasons to invest

Co-investment opportunities

  • Access to exclusive private investment and co-investment opportunities with some of the world’s most successful wealth creators and institutions including Portland Holdings Limited and its subsidiaries (the “Portland Group”), the European Investment Bank, International Finance Corporation (World Bank) and Export Development Canada.

Above Average Returns

  • Access to above average returns over the long term by investing directly or indirectly in a portfolio of equity or debt securities which may include securities of companies located in the Caribbean and Latin America and the majority of which, over the life of the Fund, are expected to be private.

Enhanced level of long-term private equity returns

  • Access to the potential for an enhanced level of long-term private equity returns with less than commensurate risk by investing in high quality essential services private businesses in regions that are in a transformative stage with a shortage of equity capital.


THE OFFERING

The potential to realize above average private equity returns with less than commensurate risk by investing in high quality essential services businesses that possess the 3 necessary preconditions: perception vs. reality gap, operational inefficiency and dearth of equity capital.

Please see the Offering Memorandum for fees and specific details on the offering.



fund codes
Series A - PTL690
Series F - PTL695

DISCLAIMER

While the Manager exercise due diligence throughout the investing process, no guarantees can be given regarding returns on your investment or the risk of loss. Past performance is not indicative of future results and actual performance may vary. Investors should consult with their financial advisor about the risks prior to investing in the Fund.

The Manager believes the following risks are key to the Fund’s performance: no assurance of return, reliance on the Manager and track record, illiquidity of Units and lack of portfolio diversification and liquidity, risks relating to the private portfolio investments and nature of investments, and economic and political risks. Please read the “Risk Factors” section in the Offering Memorandum for a more detailed description of all the relevant risks.

The Portland Private Growth Fund (the “Fund”) is not publicly offered. It is only available under prospectus exemptions and other exemptions available to investors who meet certain eligibility or minimum or maximum purchase requirements. Currently these exemptions include the accredited investor exemption, the offering memorandum exemption and the $150,000 minimum purchase exemption. You will only be permitted to purchase Units if your purchase qualifies for one of these exemptions. A list of criteria to qualify as an accredited investor is set out in the subscription agreement delivered with the Offering Memorandum and generally includes individuals who have net assets of at least $5,000,000, or financial assets of at least $1,000,000, or personal income of at least $200,000, or combined spousal income of at least $300,000 in the previous two years with reasonable prospects of same in the current year, or an individual registered under the securities legislation of a jurisdiction of Canada as a representative of a registered adviser or dealer.

Any reference to a company is for illustrative purposes only; it is not a recommendation to buy or sell nor is it necessarily an indication of how the portfolio of the Fund is invested. Information herein pertaining to the Fund is solely for the purpose of providing information and is not to be construed as a public offering in any jurisdiction of Canada. The offering of Units of the Fund is made pursuant to an Offering Memorandum and the information contained herein is a summary only and is qualified by the more detailed information in the Offering Memorandum. If there is any discrepancy between the information within this presentation and the Offering Memorandum, the Offering Memorandum is deemed correct. Portland Investment Counsel Inc. has not independently verified all the information and opinions given in this material. Accordingly, no representative or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information and opinions contained in this material. Information presented in this material should be considered for background information only and should not be construed as investment or financial advice. Please consult a Financial Advisor. Every effort has been made to ensure the utmost accuracy of the information provided. Information provided is believed to be reliable when published. All information is subject to modification from time to time without notice. Consent is required for any reproduction, in whole or in part, of this piece and/or of its images and concepts. PORTLAND, PORTLAND INVESTMENT COUNSEL and its logo are trademarks of Portland Holdings Inc. used under licence by Portland Investment Counsel Inc..