{"id":2215,"date":"2018-02-02T15:06:55","date_gmt":"2018-02-02T20:06:55","guid":{"rendered":"https:\/\/wordpressmu-1250940-4486196.cloudwaysapps.com\/?p=2215"},"modified":"2021-03-11T11:52:32","modified_gmt":"2021-03-11T16:52:32","slug":"puerto-rico-fund-for-growth-invests-in-semillero-investment-fund-i","status":"publish","type":"post","link":"https:\/\/cdvca.org\/puerto-rico-fund-for-growth-invests-in-semillero-investment-fund-i\/","title":{"rendered":"Puerto Rico Fund for Growth invests in Semillero Investment Fund I"},"content":{"rendered":"<p>The Community Development Venture Capital Alliance (CDVCA) is pleased to announce that the Puerto Rico Fund for Growth, L.P. has invested $4 million in Semillero Investment Fund I, LLC (\u201cSemillero\u201d), an agribusiness, private equity fund based on the island. Semillero will focus on investing in sustainable food and agriculture businesses with a view to substitute food imports with local production in Puerto Rico. We are excited about this because, even before the hurricane, 85% of food and beverage consumed in Puerto Rico was imported. The opportunity for import substitution of just 15% of those imports is a $1 billion market, which has the potential to create jobs and economic value across the island\u2019s economy, the significance of which is only amplified in the wake of Hurricane Maria.<\/p>\n<p>The Puerto Rico Fund for Growth, L.P. is a fund of funds investing in debt, venture capital, and private equity funds that invest in businesses that operate or provide employment in Puerto Rico. The Fund is managed by a wholly-owned subsidiary of CDVCA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Community Development Venture Capital Alliance (CDVCA) is pleased to announce that the Puerto Rico Fund for Growth, L.P. has invested $4 million in Semillero Investment Fund I, LLC (\u201cSemillero\u201d), an agribusiness, private equity fund based on the island. Semillero will focus on investing in sustainable food and agriculture businesses with a view to substitute [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[97],"tags":[],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/posts\/2215"}],"collection":[{"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/comments?post=2215"}],"version-history":[{"count":0,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/posts\/2215\/revisions"}],"wp:attachment":[{"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/media?parent=2215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/categories?post=2215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/tags?post=2215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}