Sygnus Capital channeled $101.3 million in alternative financing in Puerto Rico
The firm grew 12% last year and anticipates investment opportunities in Puerto Rico’s manufacturing and civil defense sectors.
February 5, 2026 – 12:00 PM
By Efraín Montalbán Ríos
Business Reporter
Last year, Sygnus channeled capital to about 15 medical institutions, representing approximately $36.5 million, or 36% of the total.
Sygnus Capital Puerto Rico closed last year with $101.3 million in alternative financing provided to companies across various economic sectors on the island, according to James Connor, the firm’s chief executive officer (CEO).
Compared to its 2024 results, the firm deployed more than $90 million in capital last year, representing an increase of approximately 12.22%.
“Institutions like ours that operate in this emerging private capital sector are taking the pulse of the market. We are highly focused on identifying where the gaps in the market are and how they align with the priorities expressed by local and federal governments,” Connor explained.
During the past year, Sygnus expanded into the energy resilience sector, providing alternative capital for the development of two solar energy system projects and, according to the executive — who has 25 years of experience providing capital in Puerto Rico — the firm will soon announce another large-scale initiative.
More Than $36 Million Directed to the Healthcare Sector
Over the past several years, the private capital firm has expanded its client portfolio within the healthcare industry, channeling capital last year to approximately 15 medical institutions, representing around $36.5 million, or 36% of the total financing provided, according to Connor.
One example was the company’s support of Grupo Hospitalario Quirós through a $15 million financing agreement to execute an ambitious expansion plan for healthcare infrastructure and critical medical services.
Likewise, Sygnus financed $5.2 million in sustainable cities and community projects. Over the past 12 months, at least two housing developments on the island received support.
The firm also financed the development of four boutique hotels and, according to Connor, expects to complete financing this year for another tourism project in Cabo Rojo.
“We cover nearly the entire island. The area that is somewhat less covered is the central region of the island, but I hope that changes over time,” Connor said.
Sygnus Capital, formerly known as Acrecent Financial Corporation, is an alternative investment firm that offers financial solutions by providing businesses and investors with direct financing opportunities.
Institutions that provide alternative financing often serve as lifelines for companies facing critical financial situations, where traditional financial institutions are unwilling to assume the lending risk.
Focused on Industry and Defense
Although Sygnus already serves part of Puerto Rico’s manufacturing sector, Connor emphasized that it will become even more significant this year due to opportunities to attract more companies to the island as part of local and federal reshoring policies.
In 2025, nearly $2.6 million — or 2.3% of the financing provided by Sygnus — was directed toward the industrial sector.
“It is an opportunity I see, and I believe we should be involved. Not just us — I think all capital providers should help position Puerto Rico as a more relevant manufacturing player,” Connor said.
Additionally, he explained that following the recent military reactivation on the island, another emerging market is national defense, a sector in which Connor says he has already received calls from companies interested in gaining access to capital.
“I can assure you that in the Aguadilla area there must be Puerto Rican companies supplying fuel, maintenance, and an entire support infrastructure that becomes a business opportunity,” Connor stated.
Sygnus Capital’s goal for this year is to reach $150 million in alternative financing for businesses in healthcare, hospitality, renewable energy, housing, manufacturing, defense, and other sectors.
