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Altura Capital GP, LLC and the Puerto Rico Minority Supplier Development Council (PRMSDC) have signed a Memorandum of Understanding to launch the Scaling Up and Expanding Puerto Rican Companies Collaborative Program. This three-year initiative aims to accelerate growth, investment, and corporate engagement for high-potential businesses serviced by the PRMSDC.
Through this alliance, Altura Capital will invest $20 million to $50 million from its family of funds in PRMSDC-certified and other qualifying local businesses. The program unites private capital, corporate procurement, and economic development organizations to strengthen Puerto Rico’s business ecosystem and expand opportunities for scalable local companies.
The initiative focuses on Business Services, Consumer Goods, Specialty Manufacturing, and Healthcare. It targets companies with over $5 million in revenue or $1 million in EBITDA that show strong growth potential or are experiencing ownership transitions.
In addition to direct investment, the partnership will offer leadership and capital-readiness programs, convene corporate and investment stakeholders through strategic roundtables, and encourage collaboration among entrepreneurs, private equity firms, and corporations seeking quality local suppliers. The initiative also supports intergenerational wealth creation by enhancing supplier development, diversifying procurement, and expanding market access.
Ecosystem Impact
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For Corporations: Access to a stronger pipeline of investment-ready Puerto Rican suppliers who meet world-class standards.
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For Entrepreneurs: Access to growth capital, strategic partnerships, executive guidance, and national corporate connections.
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For Investors: A disciplined, impact-driven opportunity in underserved lower-middle-market segments.
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For Government Stakeholders: A scalable model that aligns with policy priorities, leverages private capital, and supports sustainable economic growth in Puerto Rico.
Altura Capital has a history of investing in businesses with strong ties to Puerto Rico, including Cidrines, a bakery brand founded in 1978 in Arecibo, Puerto Rico. Cidrines is a portfolio company of Altura Capital. Following Altura’s investment, Cidrines expanded its operations, including the development of an additional manufacturing facility in Lakeland, Florida. During this period, the company also broadened its distribution footprint from primarily Florida-based sales to reaching customers across all 50 U.S. states. Altura has worked alongside Cidrines’ management team to support the company’s growth and expansion.
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