CAF Asset Management seeks key partners and projects in Jamaica

CAF Asset Management (CAF-AM) had successfully completed a mission to Jamaica as part of its expansion strategy into CAF member countries. The mission took place from November 18 to 20, 2024, with participation from Karin Granda and Andrea Chagra, leaders of CAF-AM's Legal and Structuring and New Business, respectively. 

The mission was coordinated by CAF through its Representation in Jamaica and Regional Management, under the leadership of Stacy Richards-Kennedy. The objective was to explore opportunities for developing a portfolio of strategic projects eligible for financing by a specialized investment fund, attract potential investors and strategic partners for its implementation, and inform the Government of Jamaica's authorities about CAF-AM's intention to collaborate in funding key projects

Through meetings with key actors in the government, financial, regulatory, and business sectors, CAF-AM sought to identify investment opportunities, ensure regulatory compliance, and establish alliances that facilitated the financing of economic development and infrastructure projects in Jamaica, with a particular focus on public-private partnerships (PPP) and asset management. 

Key meetings included discussions with government representatives to explore PPP projects, especially in the education sector, as well as engagements with the Jamaica Stock Exchange and NCB Capital Market to discuss financial funds, investment products, and strategies to strengthen Jamaica’s investment ecosystem. High-level meetings were also held with institutions such as the Private Sector Organisation of Jamaica (PSOJ), GraceKennedy Financial Services, CIBC First Caribbean International Bank, Victoria Mutual Group, Sagicor Group Jamaica, Sygnus Capital, and Scotia Bank of Jamaica to explore asset management solutions and innovative investment strategies. 

Additionally, dialogues with the Development Bank of Jamaica and the Financial Services Commission provided insights into structuring financial products aligned with local regulations. These discussions underscored CAF-AM’s commitment to fostering collaboration between the public and private sectors to benefit Jamaica's economy. 

Karin Granda and Andrea Chagra actively participated in these meetings, sharing CAF-AM’s expertise and emphasizing that high-impact projects developed through CAF-AM funds promote inclusive and sustainable growth. 

The mission represents a significant milestone in CAF Asset Management’s strategy to establish itself as a key partner in the economic transformation of Jamaica and the Caribbean.