RF Bank & Trust is planning to raise up to USD50m for its RF Strat-Equity Fund. The vehicle, which is expected to launch in 1H 2022, will provide equity financing to established Bahamian private companies needing to recapitalize.

(Tribune24) A Bahamian investment bank yesterday revealed it is launching a private equity fund that aims to raise up to $50m over the next three-five years for “investments in possibilities” post-COVID.

Michael Anderson, RF Bank & Trust’s president, told Tribune Business it was in the final stages of obtaining all approvals necessary for its RF Strat-Equity Fund to take-off in the 2022 first half with the goal of providing equity financing to established private companies needing to recapitalise.

Read more at Tribune24.