Portfolio Partner Profile

Sygnus Credit Investments Puerto Rico Fund - Series II

Sygnus Credit Investments Puerto Rico Fund Series II (SCIPRF II), managed by Sygnus Capital PR LLC (SCPR), supports small- and medium-sized enterprises (SMEs). SCPR, formerly an affiliated of Acrecent Financial Corporation (currently known as Acrecent Financial LLC), is a Puerto Rican private investment firm with over 20 years of experience in providing middle market business loans and equipment leases to Puerto Rican companies. The company serves multiple sectors including Real Estate, Healthcare, Education and Hospitality. Since 2018, SCPR and Acrecent Financial LLC as the principal lender, has deployed over $439 million in loans to Puerto Rican SMEs though multiple fund vehicles including LIFT I, LIFT II, and Acrecent Finance Partners.

Through SCIPRF II, SCPR will continue to support a historically underserved market by providing financing directly to Puerto Rican SMEs. The businesses the clients of SCPR serves typically have limited access to other forms of financing, as the only other options on the island are either large companies or credit unions that do not have the adequate resources to provide loans beyond simple credit.

Featured Impact Story

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Impact Story

Guánica, Puerto Rico Affordable Housing Development - Phase II

This project represents the second phase of a planned affordable housing development in Guánica, Puerto Rico, and marks a significant step in expanding access to quality, affordable homeownership on the island. The project also stimulates local employment through site work and home construction, supporting economic recovery and development in a region affected by natural disasters.

The development consists of 279 single-family residential units, with the first 38 units in Phase I receiving construction financing support. All units have been presold under option contracts, demonstrating strong community demand. With unit prices averaging $182,000, the homes are designed to be attainable for working families, contributing to sustainable and resilient community development. Phase I of the project is expected to be completed by April 2026, with 12 units already at advanced stages of construction.

Return to Portfolio:

Sectors and Topics:

Small Business

Region(s):

North America

Countries:

United States

US States:

Puerto Rico

First Year of Investment:

2024

Website:

https://sygnusgroup.com/

Social Media:

LinkedIn Page