JUNE 07, 2024
PRESS RELEASE
FOR IMMEDIATE RELEASE
SYGNUS PARTNERS WITH PROJECT STAR, DONATING J$5 MILLION TO DRIVE SOCIAL AND ECONOMIC TRANSFORMATION
(Kingston, Jamaica) Sygnus, a leading alternative investments firm committed to driving growth and transformation across the Caribbean, is proud to announce its 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 3i’s 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.”
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.
Sygnus remains committed to its mission of driving growth and transformation across the Caribbean and looks forward to continued collaboration with Project STAR and other partners to create a brighter future for Jamaica.
For more information about Project STAR and its initiatives, please visit https://www.projectstarja.com/ .
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About Sygnus
Sygnus is a leading alternative investment management company in the Caribbean and Latin America, spanning private credit, real estate, private equity and impact investing. Sygnus manages Sygnus Credit Investments Limited (SCI) which is listed on the JSE and the largest Private Credit Investment company in the English-Speaking Caribbean. SCI is a pioneering private credit investment company, which offers creative debt financing to middle market businesses across the Caribbean. Sygnus Real Estate Finance Limited (SRF) provides flexible capital (Debt or Equity) to all classes of real estate assets (commercial, industrial, or residential). Sygnus Deneb Investments Limited (SDI) invests private equity capital in companies in the form of growth capital, buyouts, and turnarounds. The Sygnus Group also includes Sygnus Capital PR LLC (formerly Acrecent Financial Corporation) in Puerto Rico, a non-bank financial institution that provides asset-backed loans and leases to SMEs in Puerto Rico. Sygnus also offers its clients Investment Banking and Wealth Advisory.
