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Simone Hudson
Stratus Alternative Funds, managed by NCB Capital Markets (NCBCM), the region’s leading investment bank, has announced the launch of its Tourism Response Impact Portfolio (TRIP) Fund.
The fund is designed to meet specific needs of businesses that operate in the Tourism sector, by designing bespoke financing solutions for various players in the industry. The announcement took place at the Island Finance Conference 2021 held virtually on April 13-16, 2021.
Economic significance to the Caribbean region.
TRIP will provide tourism players with creative funding solutions needed for retooling and sustaining their operations while facilitating broader investor participation in the fund.
by Simone Hudson
The role that alternative investment vehicles play in economic growth and development in the region is becoming of greater significance.
As the government walks the tightrope of balancing the books while supporting the most vulnerable economic groups in society, there is very little fiscal space for investment in infrastructure, affordable housing, and to support entrepreneurial efforts in high-growth, high-technology sectors.
The irony is, a lack of investment in these critical areas comes at a cost which will be borne by all sooner or later.
It is within this context that the capital markets will have to play their part by providing the patient, flexible funding and advice that are needed to move the regional economies forward.