"As pioneers in private credit investments, Sygnus Credit Investments continues to drive the velocity of growth through innovative financing to meet the needs of businesses and also to optimize value for our investors"

Jason Morris

Executive Vice President & Chief Investment Officer
The Caribbean leader in Private Credit Investments

Sygnus Credit Investments (SCI), which began operations in July 2017, is the largest listed private credit investment management company across the English, Dutch and Spanish speaking Caribbean. SCI is managed by Sygnus Capital Limited, a leading Alternative Investment Management Company in the Caribbean. SCI has total Assets Under Administration (AUA) in excess of US$250M including the assets of its recently concluded acquisition of Acrecent Financial Corporation (AFC). In February 2022, SCI acquired AFC, one of the largest private credit companies in Puerto Rico, a US$100B territory in the Caribbean. Since SCI began operations, the combined business has originated and funded in excess of US$440M in capital to middle market businesses across the Caribbean. The SCI philosophy is to drive the velocity of growth for middle market firms across the region and offer an alternative channel through which businesses can access capital to drive their expansion and growth.

Our investment objective is to generate attractive risk-adjusted returns, with an emphasis on principal protection, by generating income, through investments in our portfolio companies using private credit instruments. SCI invests primarily in private credit instruments including bilateral notes and bonds, preference shares, asset-backed debt, mezzanine debt, convertible debt, and other forms of structured private credit instruments. The companies in which we invest typically use the capital to support organic growth, acquisitions and market expansion. Our portfolio companies are diversified across a broad range of sectors, including manufacturing, distribution, financial services, energy, real estate, transportation and infrastructure and a wide cross section of countries inclusive of Puerto Rico, Jamaica, Bahamas, Barbados, Aruba and more.

Acrecent Financial Corporation

Sygnus Credit Investments is pleased to announce that we have now completed the acquisition of Puerto Rico based Acrecent Financial. Acrecent Financial, a licensed financing and leasing company focused primarily on the senior secured private credit market for small and middle-market businesses in Puerto Rico, was founded in 2003.

The move is to “enhance shareholder value while rapidly growing and expanding the business,” said Jason Morris, Executive Vice-President & Chief Investment Officer at Sygnus Credit Investments.

Management Highlights
Q1 September 30, 2023

Net Profit

down

54.2%

to

US$744.8 thousand

Total Investment

Income down

27.5%

to

US$1.65 million

Total Assets

up

13.7%

to

US$161.97 million

Earnings

per share down

53.6%

to

0.13 US cents

Total Interim Dividends

up

3.3%

to a record

US$1.60 million

Diversification

150

Investments

23

Industries

8

Territories

Sygnus Credit Investments
INVESTOR CENTRE
SCI
Board of Directors