Sygnus, an alternative investment manager, announced the expansion of its commercial credit financial services and attractive investment options for investors both inside and outside Puerto Rico at a recently staged Summit held in San Juan, Puerto Rico last Wednesday (March 29).

As a result of its acquisition of Acrecent Financial Corporation in 2022, Sygnus has now expanded its value offering through Private Equity, Real Estate, Private Credit, and Impact Capital.

This expanded offering facilitates the deployment of critical financing to hundreds of SMEs in underserved sectors which are essential for the social and economic development of Puerto Rico.

The event, “Catalyzing Economic Growth Through Alternative Investments,” was hosted by Sygnus and Acrecent and included key stakeholders, Government officials, and members of the business community across the island of Puerto Rico.

The summit highlighted the multiple opportunities that exist in Puerto Rico’s financial market, and how this union between Sygnus and Acrecent will further expand their value offering. The event featured the participation of the Secretary of the Department of Economic Development and Commerce of Puerto Rico, Manuel Cidre, who passionately proclaimed why now is the ideal time to invest in Puerto Rico.

Beris Grey, Co-founder and President & CEO of Sygnus, shared Sygnus’ successful track record in the Caribbean and highlighted the reasons why Puerto Rico represents a great opportunity for the company.

Grey said: “Sygnus manages the largest Private Credit Portfolio in the Caribbean, and is one of the largest alternative investment managers in the region. Being here tonight in Puerto Rico to celebrate this major milestone in our Sygnus and Acrecent journey truly solidifies our vision to drive the velocity of economic growth across the Caribbean using innovative financial solutions. Sygnus’ vision demands of us a relentless aspiration and commitment to unlock capital for businesses which would otherwise not be available, and on the other hand, provide investors with risk-adjusted returns and exposure to alternative asset classes to diversify their portfolio and grow generational wealth.”

“Puerto Rico has a US$100 B economy. The Alternative Investments market in Puerto Rico, like Jamaica, is still in its infancy stage, thus the scalability and opportunities are unmatched in the Caribbean. Local investors have limited options to invest their capital and businesses have limited channels through which to access capital for growth. We want to change that, and with our entry into Puerto Rico with the acquisition of Acrecent, we will be able to do so,” he added.

Grey spoke about Sygnus’ alternative investment platform, having impacted medium-sized businesses across 12 countries in the Caribbean through Private Credit, Real Estate, and Private Equity.

James Connor, Founding Partner and CEO of Acrecent, also spoke about this historic alliance with Sygnus and the positive impact it will have on businesses in Puerto Rico.

“To realize the enormous economic and social potential that Puerto Rico has, Sygnus is determined to expand the available investment funds and offer attractive returns to local and foreign investors, while also doubling down on Acrecent’s genuine impact mission to address the chronic gap in access to credit and capital for over 40,000 businesses on the island,” said Connor.

This expanded offering will provide local investors with more options to invest their capital and businesses with more channels to access capital for growth. This investment will contribute to a fairer distribution of the wealth generated by this economic activity, according to James Connor.

The Alternative Investments market in Puerto Rico, like Jamaica, is still in its infancy stage, thus the scalability and opportunities are unmatched in the Caribbean. Sygnus and Acrecent’s entry into Puerto Rico with the acquisition of Acrecent will change the game for the Alternative Investments market in Puerto Rico, with the intention and focus of distributing millions to support numerous businesses across the region.