Asset management firm Black Pearl Global Investments (BPGI) has indicated that the establishment of its Caribbean headquarters in Jamaica is expected to act as an anchor for all its activities throughout the region.

BPGI invests in companies innovating in the health determinants space, primarily focused on those located in North America, Africa, and the Caribbean. 

It also globally deploys funding in the form of venture capital, private equity, and private lending with a mission to equitably accelerate the deployment of funding to the companies, entrepreneurs and innovators who need it most and to where it can make the most impact.

Global Black Pearl Limited (GBPL) is an entity registered in Jamaica by the general partners of BPGI which leads the deployment of capital within the Caribbean.

“Jamaica was a natural fit for our Caribbean headquarters [as] one of co-founders, Dr Carl Smart, was born and raised here. Establishing our first Caribbean office here was deeply personal and it will act as an anchor for all of our activities throughout the region,” said Dr Shante Williams, BPGI Global president and CEO.

“We are here to support the health sector with a mix of solutions for both debt and equity capital partnership. BPGI’s expertise is in supporting entrepreneurs grow their businesses – not only with capital deployment, but with access to network and knowledge necessary to advance an organisation.”

So far, they have exited one health position, closed the fifth venture with Goldman Sachs as lead broker, and have recently entered into an agreement to acquire Florida-based contact lens manufacturer, Hydrogel Vision Corp (HVC). As a result of the acquisition, HVC will be known as Black Pearl Vision, becoming the only Black-owned and woman-led contact lens manufacturer in the world.

The deal is expected to close by mid-September.

“Our ticket sizes are in the range of US$10,000 – US$750,000 and we are excited to support the Caribbean market,” Williams affirmed.

BPGI will invest in and acquire early and growth stage companies transforming healthcare using innovation.

“The investment strategy focuses primarily on Caribbean companies with a global potential. We are seeking to accelerate the Caribbean as an innovator in the healthcare sector, so we want to partner with visionary founders that are redefining how healthcare is provided and consumed whilst delivering better outcomes for all,” said Daniel Smart, director of the Caribbean.

The Black Pearl Global Investments team brings investment, medical, technology, and health expertise to the table.

“In 2020, digital health start-ups in the USA attracted a record US$14 billion of investment capital, in the largest funding year on record. Jamaica is rich with brilliant innovators and yet funding is only starting to see traction,” Williams expressed.

“BPGI mission is to change that by helping to magnify Jamaica’s best and brightest. We have developed a robust pipeline of opportunities and hope to be considered the preferred capital partner for health entrepreneurs.”