MoonSail Partners

Co-founders Rafael Ortiz and Carlos Rodríguez lead investment decisions. Ortiz’s background is in private equity at Palladium, where he oversaw more than $500 million in equity value. Rodríguez spent his early career at Merrill Lynch trading proprietary guaranteed investment contracts before moving into private-market investing.

MoonSail deploys both equity and debt, using preferred or common equity alongside structured credit. This allows the firm to tailor minority or control positions within the same capital pool. Target companies are lower-middle-market businesses with EBITDA generally below $10 million.

The firm lists healthcare services, business services, financial services, and consumer as its sectors of interest. There is no public exclusion list, but the absence of technology, industrials, and energy in the stated focus suggests a deliberate avoidance of those verticals.

The firm positions itself as a direct investor providing flexible capital to individual companies. There is no mention of fund-of-fund commitments or LP relationships to external managers in any disclosed materials.

MoonSail is headquartered in San Juan. While the firm does not discuss tax strategy on its website, Puerto Rico’s Act 60 residency provisions are commonly used by investment managers for tax-efficient structures. The domicile may provide capital-efficiency advantages not available to mainland US peers.