Private Equity Investors Fundraise for Puerto Rico Disaster Relief

Raising capital is a core element of the private equity model, but a group of investors has recently turned its attention to a different type of fundraising, one aimed at disaster relief and rebuilding efforts in Puerto Rico in the wake of Hurricane Maria.

Private Equity for Puerto Rico—a campaign initiated by Clearlake Capital Group, Valor Equity Partners, StepStone Group, Palladium Equity Partners and MoonSail Capital—aims to raise $10 million from the private equity and financial community for Foundation for Puerto Rico, a nonprofit engaged in relief, recovery and rebuilding efforts on the island.

“Many in the private equity industry have asked how they can help, and donating to PE for PR is just one easy way,” said Juan Sabater, a partner with Chicago-based Valor Equity Partners.

 

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