BORDENTOWN, N.J., Feb. 12, 2019 /PRNewswire/ — TCG’s CEO David Cayemitte announced today that he and Guy-Max Delphin of Delphin Investments will work together to provide access to affordable capital for small, minority, women, veteran and disadvantaged businesses in the United States, Haiti and other developing nations (MWBEs).
TCG, a full-service insurance brokerage and management consultant, has been breaking down barriers to MWBE success since 2005. Mr. Cayemitte explains, “strong financial presentation and credit worthiness are the backbone of any business. Small contractors and especially MWBEs transitioning into public work may be great in the field, but they often fall behind in the back-office. This keeps them from qualifying for the capital they need to grow and prosper.” Mr. Cayemitte supplies innovative solutions to bridge this gap with his team’s education programs, consulting services, capital management and loan funds.
Delphin Investments offers customized investment solutions and sees an opportunity in targeting social impact investors seeking market rate return. “More and more investors would like to see their money put to work doing good. A loan fund for MWBEs, whether in the US or in Haiti, supported by Cayemitte’s risk mitigation tools would provide strong -bottom line incentive,” said Mr. Delphin. He founded Delphin Investments 10 years ago after having acted as an Investment Strategist helping to lead the investment efforts for the Yale-New Haven Health System.
“I am thrilled to be working with Guy-Max Delphin,” said Mr. Cayemitte. “He is a seasoned investor and fund manager, and also a fellow Haitian-American. Together we look to solve the capital access issue that has kept MWBEs from generating wealth and creating jobs.” TCG and DI are currently working on projects in the US and in Haiti. In Haiti, billions of dollars of ongoing infrastructure projects do not include Haitian companies because of a faulty capital structure. Mr. Cayemitte explains, “outside construction and engineering firms come into Haiti to do the work, and then they take the profits with them when they leave. We’d like to see this money recycle through the Haitian economy to improve the standard of living for the Haitian people, who are considered to be among the poorest in the western hemisphere.” Social impact investors, according to Delphin, will be attracted to a fund that can produce this kind of tangible results.