NCB Cap Markets Stratus Alternative Launches TRIP Fund
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 the specific needs of companies operating in the tourism sector, designing tailor-made financing solutions for different industry players. The announcement took place during the Island Finance Conference 2021 which was held virtually April 13-16, 2021.
Economic importance for the Caribbean region.
TRIP will provide tourism players with the creative financing solutions needed to reorganize and support their operations while facilitating wider investor participation in the fund.
Simone Hudson, Assistant Vice President, Alternatives and Fund Management at NCBCM, said: “Tourism is a major contributor to GDP and employment in the Caribbean region. We understand that the industry has been hit hard by the pandemic, however, as vaccine penetration increases across the world, there is certainly light at the end of the tunnel. We are committed to reaching out to our hoteliers and other tourist interests along the way and offering them tailored solutions to help them get through this lull thanks to TRIP. “
The regional travel and tourism industry, which contributes up to around 33% of GDP and over 52% of export earnings, has been hit hard by the onset of the coronavirus (COVID-19) pandemic, resulting in a 45% drop in international arrivals, billions of dollars in lost income and more than a million job losses in 2020.
TRIP is the fourth fund managed under the Stratus Alternative Funds (SCC), which offers investors a wide range of high yield, non-traditional alternative investment solutions.
Its launch takes place in the context of increased reflection on sustainable development, which was at the heart of the themes of the Island Finance Forum a few days ago.
Timar Jackson, Director of Origination and Structuring, NCB Capital Markets, notes that “Funding a Blue-Green takeover for the Caribbean will require innovation in funding structures; developing new risk assessment frameworks; and among others, the fall in the cost of funds under the financing conditions of industry players. “
With the launch of the TRIP fund, through Stratus, investors will be able to diversify their portfolios and earn higher returns than traditional wealth products such as stocks and bonds.
“Stratus Alternative Investments is transformative; it represents the future of boutique investment banking and its creation tangibly demonstrates our commitment to deepening regional financial markets, ”said Steven Gooden, CEO of NCBCM.