Berisford Grey, president and CEO of Sygnus Capital, has made an appeal for Government to implement legislation and incentives that support the creation of private equity fund in Jamaica.
Nigel Clarke says the Gov’t supports capital mobilisation to fuel long-term economic development.
According to Dr. Nigel Clarke, Minister of Finance and Public Service, having cash reserves that can be utilised to seize chances is beneficial for Jamaica’s expansion and advancement.
Addressing the inaugural ‘Sygnus Day,’ hosted by the alternative investment firm, Sygnus, Clarke said the Andrew Holness government is supporting a deepening of capital markets to enable a Jamaica where capital is commoditized.
Having pools of capital that can be used to pursue opportunities is conducive to the country’s growth and development, says Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke.
Speaking at the first official Sygnus day on Thursday, Finance Minister Dr Nigel Clarke, explained the importance of providing investment opportunities for the private sector.
Sygnus is hosting an alternative investment summit on September 22, 2022, in Kingston, Jamaica. The conference, dubbed “Sygnus Day”, will be held under the theme: “The Emergence of Regional Alternative Investments” in a hybrid format.
DESPITE the 24 per cent drop in consolidated net profit to US$3.82 million ($579.43 million) for its 2022 financial year (FY), Sygnus Credit Investments Limited (SCI) is looking to reimagine its growth profile as it focuses on expanding its private credit offerings in the region along with scaling its Puerto Rican operations.
Having completed its US$21.22-million acquisition of Puerto Rico-based Acrecent Financial Corporation on February 28, Jamaica-based Sygnus Credit Investment (SCI) says it is on the verge of completing the integration of the entity into the Sygnus family. The date for completion is set at July 2022, four months after the acquisition and much faster than the normal one to two years these transactions normally take to finalise.
Alternative investments funder Sygnus Investments indicates that it has signed luxury hospitality operator Wischermann Partners, Inc, and design and architecture firm Leo A Daly for its Mammee Bay resort development.
