Private Equity for Puerto Rico, formed by a group of leading private equity firms, including Clearlake Capital Group, Valor Equity Partners, StepStone Group, Palladium Equity Partners, LLC and MoonSail Capital, LLC, announced an effort to raise significant funds from the private equity and financial communities to aid victims of Hurricane María in Puerto Rico.
United for Puerto Rico has raised more than $10 million and collected more than 800,000 in provisions three weeks after becoming a a private nonprofit organization, said Aurelio Alemán, board chair of the group.
EVERTEC Inc. and Popular Inc. separately announced they will each contribute $1 million to hurricane relief efforts in Puerto Rico.