# SYGNUS CAPITAL PR

SYGNUS CAPITAL PR is an Asset Manager based in Guaynabo, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Guaynabo, United States
- **Region:** North America
- **Address:** Guaynabo, PR, United States
- **Assets under management:** Undisclosed
- **Website:** sygnuscapital.com
- **LinkedIn:** https://www.linkedin.com/company/sygnus-capital-pr

## Regulatory record

- **CRD number:** 283447
- **SEC file number:** 801-130789
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/283447

## About

SYGNUS CAPITAL PR LLC is an SEC-registered investment adviser in GUAYNABO, PR, registered since 2024. The firm manages $236 million in assets, with $227 million on a discretionary basis. It has 31 employees and 2 investment advisers.

## Sectors

- Private Credit
- Real Estate
- Infrastructure
- Healthcare Services
- Energy Transition & Renewables

## People

- Jason Carrión — Co-Founder & Managing Partner

## Questions

### Who makes investment decisions at Sygnus Capital?

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.

### Does Sygnus Capital manage any publicly listed vehicles?

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.

### What types of collateral does Sygnus typically secure for its credit positions?

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.

### How does Sygnus source deal flow in markets where information is fragmented?

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.

### Does Sygnus Capital participate in fund commitments or only direct credit transactions?

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.

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Last updated: 2026-06-03T20:00:00.000Z

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