Blue Mahoe Capital, a company dedicated to impact investments and focused on providing access to emerging economies in the Caribbean with an emphasis on affordable housing and asset management, announced the hiring of Kingswood Capital Partners as its strategic advisor.
This announcement follows the company’s share offering under the crowdfunding regulation (Reg CF) and the significant interest in Phase A of its affordable housing development plans in Old Harbour, Jamaica.
Headquartered in Miami, Blue Mahoe is committed to reshaping the perception of the Caribbean as more than just a tourist destination and highlighting the significant investment advantages the region offers thanks to its location, talent, and people.
The company is designed to expand investor access to the best long-term investments in the Caribbean, providing exposure to quality investment opportunities that positively impact the region’s economies, says the statement.
Currently, Blue Mahoe is the first Caribbean-owned company granted an exemption to raise capital from U.S. individuals and invest in the Caribbean. Since the Reg CF qualification in early May, investors have been able to purchase shares at $10 per share with a minimum total investment required of $500.
Through the planned NASDAQ listing, Blue Mahoe intends to raise a minimum of $10 million at a rate of $10 per share.
“The driving force behind the founding of Blue Mahoe was the firm belief in the untapped potential of the Caribbean, which, in our view, displays all the typical characteristics of emerging economies ripe for investment. Our investment strategies are designed to positively impact the communities we invest in, and we are delighted to engage Kingswood to facilitate our NASDAQ listing as a means to increase global investor exposure to the region,” explained David Mullings, Chairman and CEO of Blue Mahoe Capital.
Kingswood is a broker-dealer registered with the U.S. Securities and Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory Authority (“FINRA”) to perform certain administrative and compliance functions related to this offering. Over the past 12 months, they have already executed more than seven offerings.
“David’s vision for unlocking investment potential in the Caribbean, along with his commitment to positively impacting the region’s communities, made partnering with Blue Mahoe in the first Caribbean-focused public offering something that drew our interest. We are very pleased to work with them to help further expose this untapped potential and shift the perception of the region beyond just a tourist destination,” stated Ariel Imas of Kingswood Capital Partners, LLC.
“The eighth wonder of the world is the law of compounding, which requires consistency of behavior over time. In my advisory role at Blue Mahoe Capital, I have witnessed David’s consistent, disciplined approach based on principles and solid frameworks. As a devoted disciple of Warren Buffett, David possesses all the qualities necessary to guide Blue Mahoe Capital into the next phase of its growth, and I trust his leadership will continue to reward investors by protecting and growing their capital in the chosen inefficient markets,” added Michael Lee-Chin, Chairman of Portland Holdings, Inc. and a key advisor to Blue Mahoe.
The agreement with Kingswood follows Blue Mahoe’s announcement in June of a bond targeting the Jamaican diaspora, expected to be offered to investors in the U.S., the U.K., and Canada and officially launched later this month.
