Business
JP Anderson Limited Forms Private Equity Fund
JP Anderson Limited Forms Private Equity Fund.
About this update from Leone Asset Management, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nJP Anderson Limited Forms Private Equity Fund\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nJP Anderson Limited Forms Private Equity Fund\n\nPR Newswire\n\nPANAMA CITY BEACH, Fla., July 18, 2013\n\n\n\n\n\n\n\nPANAMA CITY BEACH, Fla., July 18, 2013 /PRNewswire/ -- Today, JP Anderson Limited, Subsidiary to Sloud, Inc., (Pink Sheets: SLOU) announced it has formed a new Private Equity Fund, \"The Sierra Leone Development Fund I, LP\".\n\n\nJP Anderson will begin raising capital for the Private Equity Fund as a vehicle to promote economic development in the Country of Sierra Leone in West Africa.\n\n\nJP Anderson is looking to raise and invest $100 million in small-to medium-sized businesses and government related agency projects. The fund will seek minority stakes of $5 million to $10 million in companies that have current or projected earnings over $2 million annually. The fund is not targeting specific industry sectors but is aggressively looking to work with the Government on various agency related projects that can greatly stimulate the country's growth and development.\n\n\nThe creation of the Sierra Leone Development Fund I, LP came as a result of JP Anderson's involvement with businesses and various philanthropic initiatives. While seven out of the top ten fastest growing economies in the World are in Africa, the country of Sierra Leone is being overlooked as a true top emerging market due to its past history of civil unrest. On our own personal account, we have seen amazing improvements in roads and infrastructure over the past three years and are experiencing a great deal of increased interest from businesses and investors desiring to enter the marketplace. It is our full intent to assist the government and corporations with various projects that will bring a great deal of financial sustainability, job creation, reoccurring revenue models and overall country growth to stimulate tourism and build on the reputation as a safe and productive country to visit, live and do business. \n\n\nJP Anderson says it is looking ...