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Under the terms of the Technical Cooperation Agreement; Inter-American Development Bank’s Multilateral Investment Fund (now IDB Lab); Jamaica Venture Capital Programme (JVCapital); Development Bank of Jamaica committed to the establishment of a Private Equity (PE) and Venture Capital (VC) Association.

With leadership from an Advisory Council made up of industry leaders, the Caribbean Alternative Investment Association (CARAIA) was incorporated in July 2019 as a non-profit organisation dedicated to promoting the expansion of Private Equity, Venture Capital, Real Estate, Private Credit, Mezzanine Financing and other Alternative Investments in the Caribbean.

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