SYGNUS CAPITAL PR

Jason Carrión, Co-Founder and Managing Partner, leads the investment committee alongside the firm's senior origination and underwriting team. Carrión's background spans structured finance and distressed-asset workouts in Puerto Rico, giving the committee deep operational experience with collateral enforcement in the jurisdictions where Sygnus deploys. The firm maintains a centralized credit-approval process designed around senior-secured structuring expertise rather than committee-by-consensus models common in multi-strategy managers.

Sygnus has historically maintained publicly listed investment vehicles in the Caribbean, including entities listed on the Jamaica Stock Exchange and the Barbados Stock Exchange, offering institutional and high-net-worth investors access to private-credit returns in listed-vehicle wrappers. This hybrid structure is unusual among private-credit managers and reflects the firm's strategy of tapping both onshore and offshore capital pools across the region.

The firm structures primarily around hard-asset collateral — real estate, hospitality properties, healthcare facilities, and equipment tied to renewable energy projects. Sygnus's underwriting emphasizes the enforceability of local security packages, relying on the firm's in-country legal partnerships developed through full credit cycles in Puerto Rico, the Dominican Republic, and Jamaica. Unsecured or covenant-lite lending is not part of the firm's deployment model.

Sygnus operates as an institutional asset manager, not a family office. The firm raises third-party capital from institutional investors, development-finance institutions, and high-net-worth individuals to deploy across its private-credit and real-asset strategies. Its co-investor base has included multilaterals seeking Caribbean and Latin American middle-market exposure through co-investment and fund-of-one structures.

Sygnus relies on a proprietary origination network built through long-tenured local banking relationships, legal partnerships, and sector-specific intermediaries across Puerto Rico and the northern Caribbean. The firm's advantage is structural: when regional banks pull back from commercial lending — a recurring pattern in dollarized Caribbean economies — Sygnus's non-bank credit platform becomes the first call for asset-owning borrowers who cannot access traditional bank balance sheets.

Sygnus originates and structures direct credit transactions — it does not operate as a fund-of-funds or commit to external managers. The firm's listed vehicles function as direct-investment aggregators rather than feeder funds, meaning the underlying exposure is to Sygnus-originated loans, not third-party fund strategies.

The firm actively structures co-investment vehicles for institutional partners, including development-finance institutions, that seek targeted exposure to Caribbean private credit and real assets. These partnerships are typically structured as parallel facilities drawing from the same origination pipeline as Sygnus's core vehicles, rather than as blind-pool commitments to third-party managers.