PR Alpha Fund
About Team Act 60 Investment Approach Strategy Assets Risk Management
PR Alpha Fund
Regulated OCIF • Act 60 Private Equity Fund

PR ALPHA FUND

The Big Opportunity

Strategic investments driving growth and value creation in Puerto Rico's most promising sectors.

For accredited investors only. This website does not constitute an offer to sell or a solicitation of an offer to buy any securities.
PR Alpha Fund
About us

A Team of Visionaries

Our operations are executed through two main financial mechanisms:
01
Factoring
Invoice purchasing · Subrogation
85%
02
Purchase Order
PO Financing
15%

PR Alpha Fund LLC is a Puerto Rican company organized under Act 60 with a tax decree, duly regulated by the Office of the Commissioner of Financial Institutions (OCIF).

The Fund is dedicated exclusively to financing private companies that participate as bidders and government suppliers through contracts for federal, state, municipal and legislative consumption — an industry that has been abandoned or never considered by traditional banking institutions. The entire process remains subject to strict external auditing and OCIF supervision.

Our team combines more than 60 years of collective investment experience — with 33 of those years dedicated exclusively to government bids and funds certifications — alongside a deep understanding of the Puerto Rican market. This combination allows us to generate value where others see complexity.

60+ Years
Combined experience of the leadership team
$10MM – $200MM
Total fund size · minimum $10MM, target maximum $200MM
85% / 15%
Invoice Factoring vs. Purchase Order (PO) Financing

What We Aim to Achieve

Our Mission
To help the economy of Puerto Rico through the creation of jobs.
Investment Philosophy
Long-term. 17,000 PR/ASG/RUL qualified companies — Target: Top 100 Companies.
Superior Tax Benefit
For PR residents: 100% capital gains exemption and 10% on interest and dividend income.

The Vision Behind Our Fund

Target Market
Exclusively providing financing to private companies that serve as Government Bidders (Federal and State contractors).
Market Goal
Our primary goal is to provide financing to an industry that has been abandoned or never considered by traditional banking institutions.
PR Alpha Fund
Leadership & governance

Our Team

Luis Alayo Riera

Luis Alayo Riera

Miami
Managing Partner
28+ years of experience

Founder, Managing Partner and Senior Investment Consultant of The Atlas Financial Group and, since 2021, Portfolio Manager of Finisterre Hedge Fund. He built his career at Citigroup, Morgan Stanley and Raymond James. Within the Fund he leads strategic direction, investor relations and institutional partnerships.

Ruben Rivero

Ruben Rivero

Puerto Rico
Managing Partner · Government Bid & Fund Certification Specialist
33+ years of experience

Leads the Fund's government contracting practice, with more than 33 years dedicated to government bids, supplier management and fund certification in Puerto Rico. He directs origination and client selection, and supervises the evaluation of receivables and purchase orders from government contracts.

Peter Ripich

Peter Ripich

Miami
Managing Director, Business Development
25+ years of experience
Cristina Alayo

Cristina Alayo

Miami
Chief Compliance Officer
10+ years of experience
Sonia Moreno

Sonia Moreno

Miami
Relationship Manager & Marketing Department Director
10+ years of experience
Operations team
PR Alpha Fund

Underwriter

Puerto Rico
Client Underwriting
Evaluates and onboards new clients.
PR Alpha Fund

Underwriter

Puerto Rico
Transaction Underwriting
Reviews every invoice and purchase order.
PR Alpha Fund

Sales Representative

Puerto Rico
Business Development
Originates new government suppliers.
PR Alpha Fund

Relationship Manager

Puerto Rico
Client Relations
Ongoing relationships with clients and partners.
Institutional partners & advisors
CST Law logo
Casillas, Santiago & Torres LLC
Legal counsel
Crowe logo
Crowe
Auditors
NAV Administrators logo
NAV Administrators
Fund administrators
PR Alpha Fund
Tax benefits for investors

Act 60 Tax Advantages

Summary of benefits for Puerto Rico resident accredited investors. The Fund is intended to qualify as a Private Equity Fund under Act 60-2019, formerly Act 185-2014, of the Commonwealth of Puerto Rico.

10%
Income tax on interest & dividends
On distributable shares of interest and dividend income earned through the Fund by Accredited Investors.
100%
Capital gains tax exemption
On distributable shares of capital gains earned through the Fund by Accredited Investors.
5%
Tax on sale of fund interest
On gains recognized upon the sale of an ownership interest in the Fund, subject to applicable statutory requirements.

The tax consequences of an investment depend on the individual circumstances of each investor. Prospective investors should consult their own tax, legal and accounting advisors regarding the specific tax benefits and requirements under Puerto Rico law. The Fund does not provide tax or legal advice.

PR Alpha Fund
Our investment approach

Strategic Focus on High-Potential Opportunities in Puerto Rico

We are concentrating on this remarkable opportunity to develop a particular industry that lacks lending mechanisms, aiming to secure a substantial position in the Puerto Rican market.

Our focus is on well-established Puerto Rican companies that possess strong fundamentals and considerable growth potential. Through a hands-on approach, we provide lending capital along with strategic guidance to foster sustainable value creation with a long-term perspective.

Market Focus

Developing a specific industry that lacks lending mechanisms to capture a significant position in the Puerto Rican market.

Company Selection

Focus on well-established Puerto Rican companies with strong fundamentals and significant growth potential.

Value Creation

Hands-on approach: lending capital with strategic guidance to drive sustainable value creation with long-term focus.
Investment size
22 Billion
Year opportunity
Target
17K PR/ASG/RUL qualified companies
Target: Top 100
Initial opportunity
$220,000,000
We want to capture at least 1%
PR Alpha Fund
Our competitive advantage

Strategic Differentiators

Strategic differentiators that position us for exceptional returns.

01

Local Expertise

Deep understanding of Puerto Rico's unique market dynamics, regulatory environment and business culture.
02

Strategic Network

Extensive relationships with government, industry leaders, and key affiliates across all sectors.
03

Proven Track Record

Consistent portfolio performance, with a projected 9% annual interest return for Debt Investors and 12% in year one and 25% thereafter for Limited Partner Investors (Equity).
04

Innovation Focus

Identifying different sectors of the Puerto Rico economy.
05

Hands-On Approach

Active partnership with the Top 100 companies, providing capital lending and operational support.
06

Underwriters

We meticulously underwrite each client and every transaction.
PR Alpha Fund
Investor classes

Two Ways to Invest

The Fund offers two investor classes. Select a class to view its projected return and terms.

Projected annual interest return
9%

Debt Investors

Annual interest starts after one year, with semi-annual payments thereafter. Redemption window every 6 months.

Conservative underwriting & downside protection
Enhanced by PR tax advantages (0% capital gains)
Backed by government contracts (predictable flows)
Projected Annual Interest
10-year projection
0%3%6%9%12%9%9%012345678910Year
Annual interest starts after one year. Projections are targets, not guarantees.
Fund term
Unlimited
Investment transaction
2 months average
Lock-up
18 months
Redemption window
Every 6 months
Request More Information
Projected returns are targets, not guarantees. Available to accredited investors only.
Projected annual return
12%
Year 1
25%
Year 2 onwards

Limited Partner Investors (Equity)

Annual return starts after one year, with semi-annual payments thereafter. Withdrawal liquidity window every 6 months.

Conservative underwriting & downside protection
Enhanced by PR tax advantages (0% capital gains)
Backed by government contracts (predictable flows)
Projected Annual Performance
10-year projection
0%10%20%30%12%25%25%012345678910Year
Annual return starts after one year. Projections are targets, not guarantees.
Fund term
Unlimited
Investment transaction
2 months average
Lock-up
18 months
Withdrawal liquidity
Every 6 months
Request More Information
Projected returns are targets, not guarantees. Available to accredited investors only.

Eligible Investors

Individual Investors
Accredited individual investors meeting SEC requirements.
Institutional Investors
Pension funds, endowments, and qualified institutions and other decrees.
PR Alpha Fund
Investment strategy & value creation

How We Create Value

Two financing strategies, both repaid directly by government agencies. Every client and every transaction is professionally underwritten.

Invoice Factoring

Short-term financing backed by government contracts.
85% of portfolio
STEP 1
Purchase order issued
A government agency awards a purchase order to the supplier.
STEP 2
Supplier delivers
Goods or services are delivered and the invoice is issued with evidence of delivery.
STEP 3
Our Fund advances 80%
After underwriting, our Fund advances 80% of the invoice value. The remaining 20%, less fees and interest, is paid to the client once the agency pays.
STEP 4
Agency pays the Fund
The agency pays 100% of the invoice directly to the Fund.

Purchase Order (PO) Financing

Working capital coverage for approved purchase orders.
15% of portfolio
STEP 1
Purchase order issued
A government agency awards a purchase order to the supplier.
STEP 2
Our Fund finances fulfilment
Our Fund covers manufacturing, inspection, insurance, freight, customs and delivery costs.
STEP 3
Our Fund delivers & invoices
Our Fund delivers the products to the agency and issues the invoice.
STEP 4
Agency pays the Fund
The agency pays 100% of the invoice directly to the Fund.

Repayment sourced from government funds

Capital allocation by source of funds. Direct collection from government agencies minimizes counterparty risk.

Federal Funds50.00%
Puerto Rico Commonwealth General Fund30.15%
Legislative Funds8.54%
Municipal Funds8.04%
Other3.27%

Target Sectors

Puerto Rico Market: Strategic location with unique economic advantages.
Manufacturing
Export-oriented, with tax incentives.
Food Distribution
Essential logistics and wholesale networks with resilient cash flows.
Dry Goods Distribution
Wholesale of non-perishables: hardware, electronics, apparel and household supplies.
Administrative Services
Operational support and business management services.
Security & Maintenance Services
Security, maintenance and public projects management.
Infrastructure & Construction
Critical infrastructure projects and specialized construction services.
PR Alpha Fund
Assets

Non-Correlated to Other Asset Classes

PR ALPHA
FUND
Bonds
Equities
Real estate
Commodities
Natural Disasters
Global macro economics

OCIF Regulated

Full compliance with PR financial regulations ensuring transparency, investor protection, and fiduciary standards.

Diversification Strategy

Our portfolio is strategically diversified across five non-correlated asset classes, reducing risk while maximizing return potential through balanced exposure.

Asset Class Details

Bonds: Fixed income securities with stable returns
Equities: Stock market investments with growth potential
Real Estate: Property investments with tangible value
Commodities: Physical assets and raw materials
Global Macro Economics: Macroeconomic trends and opportunities
PR Alpha Fund
Risk management framework

Protecting Investor Capital

Protecting investor capital through comprehensive risk mitigation.

Transaction-Level Protection

Exhaustive Underwriting
Every client and every transaction, without exception, goes through a rigorous, exhaustive underwriting process led by certified underwriters before a single dollar is deployed.
Client underwriting: in-depth review of each supplier's track record, financials and government contracts.
Transaction underwriting: every invoice and purchase order is individually verified and validated.

OCIF Regulated

Full compliance with PR financial regulations ensuring transparency, investor protection, and fiduciary standards.

Portfolio Diversification

Multiple Government suppliers across sectors
Geographic diversification within Puerto Rico

Rigorous Due Diligence

Ongoing financial health monitoring
Verification of government contracts
Comprehensive credit analysis of suppliers

Additional Risk Mitigation

Credit enhancement structures
Contractual protections and covenants
Professional fund management team
The recovery will be guaranteed through "Subrogation" and/or any other method with similar implications and according to the origin of the funds used in each case.

Legal & Regulatory Framework

Annually independent external audit oversight.
Full compliance with PR and federal regulations
Legal review of all agreements
AML and KYC protocols
Annual independent external administration oversight.
Legal counsel & auditors
CST Law logo
Crowe logo

Investor Transparency

Quarterly financial statements and reports
Full disclosure of risks and strategies
Regular investor meetings and updates
Fund administrator
NAV Administrators logo

Puerto Rico Tax Advantages

Accredited Investors may be eligible for certain benefits, including:
A 10% Puerto Rico income tax rate on distributable shares of interest and dividend income earned through the Fund by Accredited Investors.
A 100% Puerto Rico income tax exemption on distributable shares of capital gains earned through the Fund by Accredited Investors.
A 5% Puerto Rico income tax rate on gains recognized upon the sale of an ownership interest in the Fund, subject to applicable statutory requirements.
Certain additional deductions and benefits that may be available to Accredited Resident Investors under Act 60, subject to applicable limitations and requirements.

Risk Mitigation

Lower portfolio volatility
0.0008%
PR Alpha Fund
Contact

Contact Us

For more information about PR Alpha Fund, please contact our team.

Office
1590 Ave. Ponce de León
GM Group Plaza, Office 412
San Juan, PR 00926

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