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Sygnus builds on breast cancer commitment with $1-m donation

Roshane Reid-Koomson (left), executive director of the Jamaica Cancer Society, and Sandra Samuels (second left), president of Jamaica Reach to Recovery, express appreciation to Sygnus team members Elizabeth James (second right), and Damani Reid following the company’s donation of $1 million to the two entities.

SINCE 2020, Sygnus has demonstrated a commitment to turning breast cancer awareness into meaningful action, contributing more than $4 million to support early detection, mammogram screenings, and care for persons affected by the disease.

This year, the company strengthened that commitment with its largest annual contribution to date—$1 million to the Jamaica Cancer Society (JCS) and Jamaica Reach to Recovery (JR2R).

The donation supports fund-raising for a new mammography machine, and financial assistance for women undergoing breast cancer treatment.

The funds allocated to the JCS will strengthening its capacity to provide breast cancer screening, and support early detection.

The contribution to JR2R will help the organisation continue providing essential assistance to women undergoing treatment, including subsidies for medical expenses, diagnostic tests, surgeries, prostheses, and counselling.

Beyond financial assistance, Sygnus also underscored its commitment to creating opportunities for women affected by breast cancer to feel supported, encouraged, and connected to others who understand their experiences.

JR2R hosts monthly meetings that give its members a space to share experiences, build connections, and enjoy moments of fellowship outside the demands of treatment and recovery.

In recognition of Breast Cancer Awareness Month, Sygnus partnered with the JR2R to sponsor its October meeting, treating members to food, a floral arrangement workshop and an uplifting session with Stacey Hines, CEO of Epic Transformation.

Through her message, Hines encouraged the women to reflect on hope, self-worth and the strength that can be found in community. The gathering offered members an opportunity to relax, express their creativity and enjoy a shared experience in an environment centred on their well-being.

Elizabeth James, vice-president and head of wealth and client strategy at Sygnus, said the company’s continued support reflects its belief that breast cancer awareness must be matched by sustained action, access to care and meaningful support for women and their families.

Elizabeth James (right), vice-president and head of wealth and client strategy at Sygnus, embraces Sandra Samuels, president of Jamaica Reach to Recovery, at its monthly meeting for breast cancer survivors, where the company feted the women with a special floral arrangement workshop.

“Breast cancer awareness must lead to action. Since 2020, we have stood alongside JCS and JR2R to help women access early detection and navigate the financial and emotional demands of treatment,” said James.

“We all know at least one person who has been affected by this illness, which makes this a cause that touches every community and every family. Every contribution, partnership, and act of support, can help make a meaningful difference in a woman’s life. Our commitment is long-term: to strengthen this work and ensure that women and their families know they are not alone,” added James.

The Jamaica Cancer Society’s fund-raising campaign for a new mammography machine comes at a time when access to breast screening remains an important consideration in Jamaica’s cancer care landscape.

Mammography can identify abnormalities that may require further investigation, helping healthcare providers detect breast cancer at an earlier stage. Greater screening capacity can strengthen efforts to encourage women to seek timely assessments and improve access to services that support early diagnosis.

Roshane Reid-Koomson, executive director of the JCS, welcomed Sygnus’ continued partnership, emphasising the importance of improving access to screening services.

“Access to mammography is an important part of our work to promote early detection and encourage women to take their breast health seriously. The acquisition of a new machine would strengthen our capacity to provide screening services and support our efforts to reach more women.

“This is a significant undertaking, and partnerships with organisations such as Sygnus help us advance that goal. We appreciate this continued commitment to the Jamaica Cancer Society and to the women who rely on our services for screening, education and guidance,” said Reid-Koomson.

Meanwhile Sandra Samuels, president of JR2R, expressed gratitude for Sygnus’ continued support, noting the difference financial assistance can make to women facing the costs of treatment.

“A breast cancer diagnosis brings significant changes to a woman’s life, and the financial demands of treatment can add another layer of difficulty for patients and their families. Some women need assistance with medical expenses at a time when their attention and resources are already stretched.

“Contributions such as this help us respond to those needs and provide support where it is most needed. Sygnus’ continued partnership is valuable to our work and to the women we serve, and we are grateful for its commitment to helping them navigate their treatment journeys,” said Samuels.

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Credito privado: que es y cuando usarlo en su negocio

Aunque la banca continúa siendo fundamental para nuestra economía, hoy existen otras fuentes de capital que pueden complementar los préstamos tradicionales, explica Nadyanil Marrero

Date: 25 de octubre de 2026 – 10:30 p.m.

By: Nadyanil Marrero- Business Development Manager

¿Cómo está cambiando la manera en que las empresas y los desarrolladores acceden al capital? Durante años, obtener financiamiento significaba principalmente acudir a un banco. Aunque los bancos siguen siendo esenciales para nuestra economía, hoy existen otras fuentes de capital que pueden complementar los préstamos tradicionales y atender distintas necesidades empresariales.

En Puerto Rico, estas alternativas están adquiriendo cada vez más relevancia a medida que surgen oportunidades de inversión. Según la Junta de Planificación de Puerto Rico, la inversión privada en construcción alcanzó un estimado de $4.1 mil millones en el año fiscal 2025, un aumento de 5.6% en comparación con el año anterior. Detrás de esta actividad hay proyectos con distintos requisitos de capital y plazos de desarrollo.

Una de las alternativas disponibles es el crédito privado.

En términos sencillos, el crédito privado es un financiamiento proporcionado por instituciones no bancarias, como fondos de inversión, que trabajan directamente con empresas y desarrolladores para estructurar préstamos según las características de cada transacción.

¿Por qué ha ganado terreno el crédito privado? Principalmente, por su flexibilidad.

Un desarrollador puede necesitar capital para adquirir una propiedad, mientras que una empresa en crecimiento puede estar buscando recursos para expandir sus operaciones. En ambos casos, contar con opciones de financiamiento que se ajusten a sus objetivos y plazos puede marcar la diferencia.

El crédito privado permite evaluar cada proyecto individualmente, considerando factores como el flujo de efectivo, las garantías, la capacidad de pago y el plan de negocios para establecer términos que respondan a sus necesidades específicas.

Existen varias estructuras de financiamiento que vale la pena conocer. Los préstamos sénior tienen prioridad de pago y, generalmente, están respaldados por activos. El financiamiento mezzanine complementa otras fuentes de capital y se sitúa entre la deuda sénior y el capital accionario.

Los préstamos puente ofrecen financiamiento a corto plazo mientras se gestiona una solución permanente, por ejemplo, para adquirir una propiedad. Por su parte, los préstamos interinos para construcción cubren los costos durante el desarrollo de proyectos residenciales, hoteleros o industriales y, generalmente, se pagan o se reemplazan una vez finalizada la construcción.

Entonces, ¿cuándo puede ser el crédito privado una buena opción?

Depende del propósito del financiamiento, el plazo, el flujo de efectivo y las garantías disponibles. Más allá de comparar las tasas de interés, es importante evaluar los términos, los cargos y las disposiciones de pago.

El crédito privado no tiene como objetivo sustituir la banca tradicional. Ambos pueden cumplir propósitos complementarios. Para los empresarios y desarrolladores puertorriqueños, comprender estas opciones amplía la variedad de herramientas disponibles para financiar oportunidades de crecimiento.

Tener una idea clara de qué se necesita financiar, con qué propósito y en qué plazo es el primer paso para identificar la estructura de financiamiento adecuada.

https://www.elnuevodia.com/opinion/la-opinion-experta/credito-privado-que-es-y-cuando-usarlo-en-su-negocio/?templateId=OTB2HAZL1TSY&templateVariantId=OTB2HAZL1TSY&experienceID=EXRSL2YIUINN

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Private Credit: What It Is and When to Use It for Your Business

While banks remain essential to our economy, other sources of capital are now available to complement traditional lending, explains Nadyanil Marrero.

October 25, 2026 – 10:30 p.m.

By: Nadyanil Marrero- Business Development Manager

How is the way businesses and developers access capital changing? For years, obtaining financing primarily meant turning to a bank. While banks remain essential to our economy, today there are other sources of capital that can complement traditional loans and address different business needs.

In Puerto Rico, these alternatives are becoming increasingly relevant as investment opportunities emerge. According to the Puerto Rico Planning Board, private investment in construction reached an estimated $4.1 billion in fiscal year 2025, a 5.6% increase over the previous year. Behind this activity are projects with different capital requirements and development timelines.

One of the available alternatives is private credit.

In simple terms, private credit is financing provided by non-bank institutions, such as investment funds, that work directly with businesses and developers to structure loans based on the characteristics of each transaction.

Why has private credit gained ground? Primarily because of its flexibility.

A developer may need capital to acquire a property, while a growing company may be looking for resources to expand its operations. In both cases, having financing options that align with their goals and timelines can make a difference.

Private credit allows each project to be evaluated individually, considering factors such as cash flow, collateral, repayment capacity and the business plan to establish terms that meet its specific needs.

There are several financing structures worth understanding. Senior loans have priority for repayment and are generally backed by assets. Mezzanine financing complements other sources of capital, sitting between senior debt and equity.

Bridge loans provide short-term financing while a permanent solution is being arranged, for example, to acquire a property. Meanwhile, interim construction loans cover costs during the development of housing projects, hotels or industrial facilities and are generally repaid or replaced once construction is completed.

So, when might private credit be a good option?

It depends on the purpose of the financing, the timeline, cash flow and available collateral. Beyond comparing interest rates, it is important to evaluate the terms, fees and repayment provisions.

Private credit is not intended to replace traditional banking. Both can serve complementary purposes. For Puerto Rican business owners and developers, understanding these options expands the range of tools available to finance growth opportunities.

Having a clear understanding of what needs to be financed, for what purpose and within what timeframe is the first step toward identifying the right financing structure.

Link to article: https://www.elnuevodia.com/opinion/la-opinion-experta/credito-privado-que-es-y-cuando-usarlo-en-su-negocio/?templateId=OTB2HAZL1TSY&templateVariantId=OTB2HAZL1TSY&experienceID=EXRSL2YIUINN

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IslandWide expande sus operaciones en Puerto Rico

21 de octubre de 2026

By: Redacción, El Vocero

IslandWide Group, empresa puertorriqueña especializada en servicios de logística, distribución y transporte terrestre, comenzó a operar un nuevo sistema automatizado de clasificación de paquetes como parte de una expansión estratégica respaldada por un financiamiento de $612,000 otorgado por Sygnus Capital Puerto Rico.

La inversión permitió la adquisición e instalación de un nuevo sistema de clasificación mediante bandas transportadoras, diseñado para aumentar significativamente la capacidad operacional de la empresa y fortalecer la eficiencia de su red de distribución en todo Puerto Rico. El sistema tiene capacidad para procesar hasta 3,000 paquetes por hora y se espera que incremente la productividad operacional en aproximadamente un 500% en comparación con el equipo anterior.

La transacción de financiamiento viabilizó la fabricación del sistema, cuyo proceso de producción e instalación requirió tiempo adicional debido a las especificaciones particulares del equipo y la complejidad de su integración a las operaciones de la empresa.

Fundada en Puerto Rico, IslandWide ofrece servicios de transporte terrestre, entrega de paquetes, distribución comercial y soluciones integradas de logística a clientes de sectores como salud, telecomunicaciones, banca, comercio al detal, alimentos y manufactura. La empresa cuenta con una red de distribución que cubre toda la Isla y maneja el recogido, clasificación y entrega de mercancía. Además, ofrece servicios de entrega el mismo día y al día siguiente, así como soluciones de almacenamiento y manejo de inventario para clientes corporativos.

IslandWide opera bajo un modelo logístico de centros de distribución y terminales interconectados, similar al utilizado por compañías internacionales de mensajería y transporte de carga. La empresa cuenta con terminales en Ponce, Arecibo, Mayagüez, Carolina, Caguas y Toa Baja, todas conectadas a su centro principal de distribución en Guaynabo. En estas instalaciones se consolidan, clasifican y redistribuyen diariamente los paquetes recogidos a través de Puerto Rico, para su transporte durante la noche y entrega al día siguiente.

Para IslandWide, la nueva plataforma representa una modernización fundamental de la infraestructura que respalda el movimiento diario de paquetes y mercancías entre sus terminales y centros de distribución. El sistema sustituye equipos de una generación anterior que estuvieron en funcionamiento durante casi dos décadas e incorpora nuevas capacidades de automatización que permitirán a la empresa manejar mayores volúmenes de envíos durante horarios operacionales extendidos y facilitar entregas más temprano en la mañana. También integrará herramientas tecnológicas que ofrecerán a los clientes mayor visibilidad sobre sus envíos mediante notificaciones automatizadas y confirmaciones visuales del manejo y entrega de los paquetes.

“El financiamiento de infraestructura y equipos especializados es esencial para apoyar la evolución y competitividad de empresas puertorriqueñas como IslandWide, que desempeñan un papel fundamental en la cadena logística y de suministro comercial de la Isla”, expresó Marian De Jesús, directora de Desarrollo de Negocios de Sygnus Capital Puerto Rico. “Nos complace respaldar una inversión que tendrá un impacto directo en la eficiencia operacional, la capacidad de servicio y el crecimiento futuro de la empresa”.

“Este proyecto representa un componente importante del desarrollo continuo y la evolución operacional de IslandWide”, expresó Pedro J. Rosaly, principal oficial ejecutivo (CEO) de IslandWide Group. “En el entorno actual, en el que cada vez son menos las instituciones financieras que participan activamente en este tipo de financiamiento, contar con alternativas como Sygnus marca una diferencia importante para las empresas locales que buscan continuar creciendo e invirtiendo en infraestructura y equipos. A lo largo de nuestra relación, hemos trabajado juntos en varias transacciones de financiamiento y siempre hemos encontrado un equipo ágil y comprometido con entender las necesidades de nuestro negocio”.

Con esta inversión, IslandWide busca fortalecer su posición para atender el crecimiento sostenido en la demanda de servicios de distribución y logística en Puerto Rico, en un entorno en el que la rapidez, la trazabilidad y la eficiencia operacional se han convertido en factores críticos tanto para los clientes comerciales como para los consumidores. La modernización de su infraestructura permitirá a la empresa fortalecer su capacidad de servicio y continuar expandiendo sus operaciones como uno de los principales proveedores locales de servicios de transporte y manejo de paquetes en Puerto Rico.

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IslandWide Expands Its Operations in Puerto Rico

October 21, 2026 

By: Redacción, El Vocero

IslandWide Group, a Puerto Rican company specializing in logistics, distribution, and land transportation services, began operating a new automated package sorting system as part of a strategic expansion supported by $612,000 in financing granted by Sygnus Capital Puerto Rico.

The investment enabled the acquisition and installation of a new conveyor belt sorting system, designed to significantly increase the company’s operational capacity and strengthen the efficiency of its distribution network throughout Puerto Rico. The system has the capacity to process up to 3,000 packages per hour and is expected to increase operational productivity by approximately 500% compared to the previous equipment.

The financing transaction made the manufacturing of the system possible, a process whose production and installation required additional time due to the equipment’s specific specifications and the complexity of its integration into the company’s operations.

Founded in Puerto Rico, IslandWide offers land transportation, package delivery, commercial distribution, and integrated logistics solutions to clients in sectors such as healthcare, telecommunications, banking, retail, food, and manufacturing. The company has a distribution network that covers the entire Island and handles the pickup, sorting, and delivery of merchandise. In addition, it offers same-day and next-day delivery services, as well as warehousing and inventory management solutions for corporate clients.

IslandWide operates under a logistics model of interconnected distribution centers and terminals, similar to that used by international courier and freight transportation companies. The company has terminals in Ponce, Arecibo, Mayagüez, Carolina, Caguas, and Toa Baja, all connected to its main distribution center in Guaynabo. At these facilities, packages collected throughout Puerto Rico are consolidated, sorted, and redistributed daily for overnight transportation and next-day delivery.

For IslandWide, the new platform represents a fundamental modernization of the infrastructure that supports the daily movement of packages and merchandise between its terminals and distribution centers. The system replaces equipment from a previous generation that had been in operation for nearly two decades and incorporates new automation capabilities that will allow the company to handle higher shipment volumes during extended operating hours and facilitate earlier morning deliveries. It will also integrate technological tools that will provide clients with greater visibility into their shipments through automated notifications and visual confirmations of package handling and delivery.

“Financing for specialized infrastructure and equipment is essential to supporting the evolution and competitiveness of Puerto Rican companies such as IslandWide, which play a fundamental role in the Island’s commercial logistics and supply chain,” said Marian De Jesús, Business Development Director at Sygnus Capital Puerto Rico. “We are pleased to support an investment that will have a direct impact on the company’s operational efficiency, service capacity, and future growth.”

“This project represents an important component of IslandWide’s ongoing development and operational evolution,” said Pedro J. Rosaly, Chief Executive Officer (CEO) of IslandWide Group. “In the current environment, in which fewer financial institutions are actively participating in this type of financing, having alternatives such as Sygnus makes an important difference for local companies seeking to continue growing and investing in infrastructure and equipment. Throughout our relationship, we have worked together on several financing transactions and have always found a team that is agile and committed to understanding our business needs.”

With this investment, IslandWide seeks to strengthen its position to meet the sustained growth in demand for distribution and logistics services in Puerto Rico, in an environment where speed, traceability, and operational efficiency have become critical factors for both commercial clients and consumers. The modernization of its infrastructure will allow the company to strengthen its service capacity and continue expanding its operations as one of the leading local providers of transportation and package handling services in Puerto Rico.

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Media Release

FOR IMMEDIATE RELEASE

Sygnus Announces Departure of Dr. Ike Johnson

Dr. Ike Johnson, Co-Founder of Sygnus and Executive Vice President and Chief Operating Officer of the Group

Kingston, Jamaica, September 30, 2026 – Sygnus Capital Group Limited (“Sygnus”) announced that Dr. Ike Johnson, Co-Founder of Sygnus and Executive Vice President and Chief Operating Officer of the Group, will transition from his executive role effective December 31, 2026. As part of the transition, Dr. Johnson will also demit office as a director of Sygnus Credit Investments Limited (“SCI”) and Sygnus Real Estate Finance Limited (“SRF”), effective December 31, 2026. Dr. Johnson will continue to be part of the Sygnus journey as a shareholder and Board Member of Sygnus Group and its subsidiaries

Dr. Johnson is a Co-Founder of Sygnus and has contributed significantly to the organization’s development and growth since its inception. His leadership helped shape the Group’s corporate strategy and regional expansion, strengthen its operational foundation, and advance its private equity and real estate platforms, supporting the development of Sygnus into a leading Caribbean alternative investment firm.

The Board of Directors has approved a comprehensive transition plan designed to ensure continuity across all areas of the business. Executive responsibilities currently overseen by Dr. Johnson will be transitioned in accordance with established governance frameworks and succession arrangements, supported by the Group’s experienced leadership team.

Commenting on the transition, Berisford Grey – Co-Founder, President and CEO – Sygnus said, “As a Co- Founder, Ike has been an integral part of the Sygnus story from inception, helping to shape the organization’s growth, ambition and regional impact. We are grateful for his many contributions and the role he has played over the last 10- years in building the leading Caribbean alternative Investment platform. As he embarks on this new chapter, we wish him every success in the journeys ahead. While his executive role is transitioning, Ike will continue to be part of the Sygnus journey.”

Dr. Ike Johnson – Co-Founder, EVP & COO – Sygnus, shared, “My time at Sygnus has been one of the most meaningful chapters of my professional journey. Together with my fellow Co-Founders and the wider Sygnus team, we set out to build a firm that could expand access to innovative financing, support business growth, and create long-term value across the Caribbean. I am incredibly proud of what we have built and deeply grateful for the opportunity to have contributed to Sygnus’ evolution from an idea into a leading alternative investment platform. As I move into this next phase, I look forward to supporting Sygnus in a more limited capacity while pursuing other ventures and opportunities. I remain excited about the future of the organization and confident in the team’s ability to continue building on the strong foundation we have established.”

For further information:
Ategie Edwards
Senior PR Officer, Garrick Communications
Email: ategie@garrickcommunications.com
Tel: (876) 677-6378 | Mobile: (876) 395-7090
Website: www.garrickcommunications.com

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Sygnus Capital Bets on Puerto Rico as a Hub for Alternative Financing in the Caribbean

The firm sees growth opportunities on the island in sectors including energy, healthcare, tourism, and even music production

September 12, 2026 – 11:10 p.m.

By: Itzel Rivera | Journalist

Beres Grey – CEO Sygnus Capital and Co-Founder Sygnus Group

A decade after its founding, Sygnus Capital is betting on Puerto Rico’s continued consolidation as one of the Caribbean’s leading markets for alternative financing, while identifying opportunities across sectors ranging from renewable energy, healthcare, housing, and tourism to music production.

For the firm’s executives, Sygnus Capital, which has deployed more than $700 million in alternative investments across Puerto Rico and the Caribbean, the biggest challenge today is not a lack of projects but the limited availability of flexible capital for businesses that cannot always find the financing structures they need through traditional banks.

“There should be another 25 firms like Sygnus Capital on the island so that more businesses have the opportunity to succeed,” said James Connor, chief executive officer (CEO) of Sygnus Capital Puerto Rico, in an interview with Negocios.

Connor actually laid the groundwork for Sygnus about two decades ago when he founded Acrecent Financial, a company that was acquired by Sygnus roughly four years ago.

According to Connor, the non-bank commercial financing market represents less than 0.5% of Puerto Rico’s economy. In the United States, alternative financing represents approximately 7% of gross domestic product (GDP).

“It is an extraordinarily underdeveloped market. There are not enough participants or enough dollars to meet the needs,” he said.

Berisford Grey, co-founder and chief executive officer (CEO) of Sygnus Group, explained that this gap is precisely what has driven the growth of private credit in the Caribbean over the past 10 years.

When the company began operations in Jamaica in 2016, the concept of private credit was virtually unknown to much of the regional market, he said.

Today, he said, institutional investors, fund managers, and midsize companies recognize the instrument as an alternative for financing acquisitions, expansions, equipment purchases, and infrastructure projects.

“The biggest transformation [over this decade] has been the institutionalization of the market,” Grey said, adding that “today there is greater awareness of private credit as an asset class, and we have succeeded in expanding the amount of capital available to businesses.”

As evidence of that evolution, he noted that over 10 years, the group’s aggregate private credit portfolio grew from approximately $16 million to $500 million.

Puerto Rico as a Strategic Market

Grey emphasized that the island occupies a strategic place in the company’s growth plans because it is one of the largest economies in the Caribbean. Puerto Rico is even larger in economic size than 13 other U.S. jurisdictions, the investment banker noted, highlighting the ties between the Puerto Rican and U.S. economies as well as the island’s potential access to Latin American markets.

“Puerto Rico is a natural bridge between North America and the Caribbean,” he said.

That position, he continued, provides access to industries with limited presence in other Caribbean markets, including biopharmaceuticals, medical devices, and parts of the health sciences sector, while also facilitating discussions with U.S. institutional investors.

Connor added that oversight by the U.S. Securities and Exchange Commission (SEC) strengthens Puerto Rico’s credibility among international investors, although he acknowledged that a significant perception challenge remains.

“Puerto Rico often ends up in a kind of limbo. Some investors do not know whether they should view it as part of the United States or as an emerging Caribbean market,” he said.

In his view, one of the biggest opportunities over the next decade will be attracting more institutional capital from the Puerto Rican diaspora to finance productive projects on the island.

“The needs are measured in billions of dollars,” Connor reiterated. “The opportunity is there. We need to continue attracting capital to meet those needs.”

 Growth Sectors

Beyond access to capital, both executives identified specific sectors that offer some of Puerto Rico’s greatest growth opportunities over the next five to 10 years.

Healthcare, Connor emphasized, remains the leading sector in Sygnus Capital Puerto Rico’s portfolio because of the ongoing need for investment in medical equipment, technology, and hospital infrastructure.

“We like to say that we complain a lot about the healthcare system, but very few investors actually direct capital toward the sector,” he said, adding that the firm is working on financing a large-scale healthcare-related project.

He also explained that after announcing $17.1 million in financing for solar projects last May, the firm is now backing the development of a utility-scale solar facility as part of a broader strategy to continue supporting renewable energy projects on the island.

“We are all waiting for some magic solution to appear and solve Puerto Rico’s energy problem, but that is not going to happen overnight,” he said.

 Looking Ahead

Another sector the firm views with optimism is tourism. Connor noted that Puerto Rico still lags significantly behind other Caribbean destinations in areas such as the number of hotel rooms.

He also pointed to the development expected around Roosevelt Roads over the next 15 years.

“I heard that the developer behind that major project near Roosevelt Roads is an internationally recognized developer. Lots have sold for between $4 million and $6 million each. That is benefiting, in part, from the development taking place around Roosevelt Roads. Think about that: residential lots selling [at those prices] without even having a house built on them. Again, real estate, hospitality, housing… there will be a hotel there. It’s fascinating,” he said.

Reshoring and the Creative Industries

Opportunities associated with reshoring, the strategy of encouraging companies to bring operations and supply chains back to the United States and its surrounding regions, are also part of the picture. Although Connor acknowledged that major manufacturers and pharmaceutical companies typically have access to other sources of financing, he said there is an opportunity to support companies that “are part of that supplier chain.”

One economic sector that generates particular enthusiasm among Sygnus executives, yet rarely appears among the priorities of financial intermediaries, is music production.

“Somehow, the island has become a huge exporter of urban music to the world,” Connor said.

Grey agreed that Puerto Rico’s economic development will depend to a significant extent on strengthening its integration with the rest of the Caribbean. One of the main challenges, he said, continues to be the regulatory fragmentation among the region’s various countries.

According to the CEO, the region needs to move toward “greater harmonization of rules related to pension funds, alternative investments, and capital markets” to enable the movement of greater resources and attract more investors.

Although he acknowledged that the region competes with larger markets elsewhere, he stressed that the Caribbean offers political stability and strong regulatory frameworks.

“This is not about telling the Sygnus story […]. What matters is telling the story of those businesses that, at one point, could not secure $1 million, $5 million, or $10 million to develop a hospital, build a solar plant, or grow their business, and that today have that opportunity,” he concluded.

https://www.elnuevodia.com/negocios/banca-finanzas/notas/sygnus-capital-apuesta-a-puerto-rico-como-el-proximo-eje-del-financiamiento-alternativo-en-el-caribe/?utm_source=LinkedIn&utm_medium=Social&templateId=OTB2HAZL1TSY&templateVariantId=OTB2HAZL1TSY&experienceID=EXRSL2YIUINN

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