MoonSail Partners

MoonSail Partners

MoonSail Partners was established in San Juan, Puerto Rico, by co-founders Rafael Ortiz and Carlos Rodríguez. Ortiz previously led deal teams at Palladium Equity Partners, overseeing more than $500 million in equity value across healthcare, industrial products, and financial services. Rodríguez built his career at Merrill Lynch starting in 1996, eventually managing the firm’s proprietary guaranteed investment contract business before transitioning to private-market investing. Their combined 50 years of experience anchors the firm’s lower-middle-market strategy. MoonSail provides both equity and debt to US businesses with EBITDA generally below $10 million. The firm pursues buyouts, growth equity, management buyouts, and recapitalizations across healthcare services, business services, financial services, and consumer sectors. Capital can take the form of preferred or common equity, alongside structured debt, giving the firm flexibility to tailor minority or control positions. The website lists "Recent Investments" and "Portfolio Highlights," though no individual portfolio company names are disclosed publicly. The firm runs lean, with a team described as execution-driven and principals directly involved in sourcing and diligence. Its presence in Puerto Rico distinguishes it from most mainland US lower-middle-market sponsors, potentially offering tax-advantaged structuring through Act 60 residency provisions common on the island. No information on total committed capital, fund structures, or professional headcount is publicly available. MoonSail’s structural differentiator is its dual-currency capability — deploying both equity and credit from the same vehicle inside a tightly bounded EBITDA range. Combined with a Puerto Rico domicile, the architecture allows for capital-efficiency strategies that pure-equity or mainland-based competitors cannot replicate as cleanly. The firm has not disclosed succession or governance details.