[The Sterling Financial Group](http://www.sterlingbahamas.com) has launched the New Providence Opportunity Fund, Ltd., a closed-end equity investment fund consisting of high-net-worth and institutional investors.
The company says the fund will target diverse real estate investment and development opportunities in the US, Canada and the Caribbean region.
A. David Kosoy, Sterling’s Chairman and CEO said, *“we are pleased to add this fund to our other real estate offerings available, and I believe it is a great complement to our platform.”* Steve Tiller, President and COO of Sterling added, *“We are pleased to bring New Providence Opportunity Fund to the market. We believe that the combination of our extensive real estate investment, development and management capability and a highly efficient funding structure, is a recipe for success for many investors in today’s market”*.
The Sterling platform focuses on providing access to alternative market opportunities without compromising the North American standard for risk management, operational efficiency and regulatory requirements. Sterling leverages a management team with interdisciplinary real estate experience, a strong internal infrastructure and partnerships with leading service providers in order to capitalize on unique real estate investments and structures.
Mr. Kosoy noted, *“We have seen an increased demand from investors for quality real estate projects and funds that would diversify their exposure to traditional investments as well as providing attractive returns. We are pleased that we can offer a proven strategy on a tried and tested platform to a wider base of offshore and onshore investors through a product that has a potential to significantly enhance and diversify their portfolios.”*
SFGI is an integrated private equity, real estate investment, development and services company based in Nassau, The Bahamas.