Puerto Rico Fund for Growth

Puerto Rico Fund for Growth

The $45 million Puerto Rico Fund for Growth (PRFG) invests in venture capital, private equity, and mezzanine debt funds that invest in and lend to Puerto Rican growth businesses, creating superior financial returns for our investors and economic growthhigh-quality employment opportunitiesand fund manager capacity in Puerto Rico.  It may also invest up to 15% of committed capital directly in businesses.  PRFG’s investors are the Puerto Rican disability insurance fund and the Puerto Rican automobile insurance fund.   

PRFG has invested in a private equity fund specializing in the healthcare and business services industries, a growth equity agribusiness venture capital fund, a cash flow and equipment financing fund, an early-stage technology venture capital fund, and an SBA-licensed Specialized Small Business Investment Company, all of which are based in Puerto Rico and are managed by Puerto Ricans

CDVCA is an activist investor:  we heavily negotiate all our investment agreements and are represented on the investor advisory committees of every fund in which we have invested. 

We monitor the investment progress of our funds closely and are gathering detailed social impact data, including over 115 data points regarding job creation and job quality, which we are sharing with the Federal Reserve Bank of New York.