"Start-up Financing is not just about raising funds, its is a holistic process that involves proper business planning with thoughtful growth targets, deciding business valuation as per the current market standards, planning potential exit options for investors"
- Nucleus Partners
"“You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible.”"
- Paul Graham
Spectrum Capital Partners’ board of directors is close to forming a partnership with a microfinance institution in Jamaica that provides loans to students and small businesses, as well as obtaining a majority stake in a second organization.
The UCC Group will continue to diversify and expand its offerings and services, including business support for UCC students, graduates, and the Jamaican population as a whole. With each assured step in Jamaica and the Caribbean, these Group subsidiaries will continue to build on the institutionally accredited University of the Commonwealth Caribbean’s recognized strength as a center of excellence, quality-assured teaching, learning, innovation, technology, and entrepreneurship.
UCC Group Founder and Group Executive Chairman Dr Winston Adams confirmed the IPO plans after the company, through its subsidiary, Spectrum Capital Markets St Lucia Limited, completed the acquisition of real estate franchise RE/Max Elite.
Aplan by the University of the Commonwealth Caribbean, UCC, to develop a university town some six years ago is finally gaining traction, with the groundbreaking slated to take place on completion of UCC’s listing on the Jamaica Stock Exchange next year.
The UCC Group investment subsidiary, Spectrum Capital Partners St. Lucia Limited has acquired REMAX ELITE as well as three commercial real estate properties in Kingston and Montego Bay, for an undisclosed amount, from Marquis Holding Limited (MHL) in what is being hailed as a bold and significant coup for the Group. Spectrum Capital provides alternative financial products including venture capital, private equity and mezzanine financing to eligible private sector companies locally and overseas. The company plans to take the expanded REMAX Elite to market with an IPO in 2022.
JAMAICA GLEANER [14-Mar] Formed in the teeth of the pandemic, SPECTRUM CAPITAL PARTNERS, a private equity company, is raising finance to support the UCC Group’s growth and expansion plans.
March 14, 2021 – The UCC Group of Companies, which includes the largest private non-affiliated accredited institution of Higher Learning in Jamaica, and one of the largest in the Caribbean, the University of the Commonwealth Caribbean (UCC), has expanded, with the launch of three new subsidiaries that will assist students, alumni, entrepreneurs & other businesses with business development and support services.