Keneetswe Setlhare
Jamaica, NY (USA)
Role(s):
KBS Capital
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Startup
Location:
Jamaica
Industry:
Venture Capital
Year Founded:
2008
Number Employees:
INVALID
Description:
The company is a start-up private equity firm that expects to have about $5 Million under management by year one, and start a full-fledged venture fund after year two; debts are expected to be cleared by the end of year two, and the remaining profits will be used to start the fund. Additional debt can be assumed at that time to expand the fund. Total venture funding is projected at $400,000. The general partner will contribute more than $80,000 in seed funding, and 68% will be debt financing.