Sygnus Credit Investments just smashed records with a 123% jump in net profit to $9.55 million, fueled by their bold 2022 move into Puerto Rico. By acquiring a majority stake in Acrecent Financial for $21.22 million and restructuring it as a limited liability company, Sygnus unlocked explosive growth — Acrecent’s investment income surged from $6.58M to $11.29M, net profit up 57%. The payoff? A $7.66M fair value gain plus a $1.83M dividend. Co-founder Jason Morris says more capital is on the way to keep fueling expansion. Meanwhile, Sygnus’ overall net interest income rose 32% thanks to a bigger private credit portfolio, despite setting aside $3.86M for hurricane-affected Jamaican restructuring — an accounting adjustment, not actual losses. To accelerate future growth, Sygnus is raising up to $25M via preference shares and negotiating a revolving credit line, eyeing strategic partners to power even bolder moves — including Acrecent’s own planned credit line expansion.

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