Jamaica-based alternative investments firm, Sygnus Group, has entered into a partnership with Project STAR.

The collaboration sees Sygnus contributing a total of J$5 million to Project STAR and underscores the firm’s ongoing commitment to fostering positive change and supporting initiatives that contribute to the betterment of communities.

Sygnus’ donation, with equal contributions of J$2.5 million from both Sygnus Capital and Sygnus Credit Investments, reflects Sygnus’ core principles, encapsulated in their ‘3Is’ approach (Innovation. Integrity. Independence). It represents the company’s firm belief in the power of strategic investment, innovative solutions, and meaningful impact to drive positive change in society.

Reflecting on the partnership, Berisford Grey, CEO and president of Sygnus, said, “At Sygnus, we recognise the importance of initiatives like Project STAR in driving social and economic progress”.

“Our decision to partner with Project STAR reflects our deep-rooted commitment to supporting initiatives that empower communities and create lasting change. We believe that by working together, we can make a meaningful difference in the lives of Jamaicans and contribute to a brighter future for all,” Grey explained.

Project STAR aims to address critical social and economic challenges facing Jamaica through targeted interventions and sustainable development projects.

The initiative focuses on areas such as education, healthcare, entrepreneurship, and infrastructure development, with a vision to create inclusive and thriving communities across the island.

This partnership with Sygnus will enable Project STAR to expand its reach and impact, supporting initiatives such as education enhancement programmes, healthcare initiatives, entrepreneurship support and community development projects. 

“We are proud to have Sygnus as a STAR donor. Their support of the project further represents the commitment of corporate Jamaica to community development,” shared Saffrey Brown, project director of Project STAR.