Monllor Capital Partners Launches Puerto Rico Opportunity Zone Fund II
Funding | Jun 05, 2025 | EIN
Monllor Capital Partners LLC (MCP), a minority-owned alternative asset management and advisory firm based in San Juan, Puerto Rico, has announced the launch of the Puerto Rico Opportunity Zone Fund II (PROZ II). This new private equity fund seeks to invest $20 million in opportunity zones throughout Puerto Rico, focusing on renewable energy, sustainable businesses, and infrastructure. The initiative leverages the tax benefits under the Tax Cuts and Jobs Act of 2017, as Puerto Rico is primarily composed of designated opportunity zones. By investing in a Qualified Opportunity Fund (QOF), investors could benefit from deferrals of capital gains taxes and step-up in basis advantages when holding investments for a minimum of ten years. MCP, led by Jose A. Torres and Shawn Hanson, aims to bring much-needed capital to Puerto Rican businesses while offering significant tax advantages to investors. The firm has enlisted NES Financial as the fund administrator and DLA Piper as fund counsel to enhance its offering.
Sectors
- Private Equity
- Renewable Energy
- Infrastructure
- Tax Advisory
Geography
- Puerto Rico – The fund is specifically targeted at investment opportunities within Puerto Rican opportunity zones, leveraging local tax incentives and economic development potential.
- United States – The tax benefits discussed, such as those from the Tax Cuts and Jobs Act of 2017, are part of the U.S. federal legislation affecting investments in Puerto Rico.
Industry
- Private Equity – The article discusses the launch of a new private equity fund by Monllor Capital Partners, aimed at investing in opportunity zones in Puerto Rico.
- Renewable Energy – The fund plans to focus on renewable energy projects as part of its investment strategy in Puerto Rican opportunity zones.
- Infrastructure – Investments will also target infrastructure development within the designated opportunity zones in Puerto Rico, aligning with the fund's objectives.
- Tax Advisory – The article includes significant information about tax advantages and legislation relevant to the fund's operation, including the Tax Cuts and Jobs Act of 2017.
Financials
- $20M – The target amount for the Puerto Rico Opportunity Zone Fund II to invest in opportunity zones in Puerto Rico.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Monllor Capital Partners LLC | Fund Manager | Company | A minority-owned alternative asset management and advisory firm based in San Juan, Puerto Rico. |
| Jose A. Torres | Managing Partner | Person | Co-founder of Monllor Capital Partners, with over 25 years of experience in private equity and investment banking. |
| Shawn Hanson | Managing Partner | Person | Works alongside Jose A. Torres at Monllor Capital Partners to manage the new fund. |
| NES Financial | Fund Administrator | Company | Partnered with MCP to administer the Puerto Rico Opportunity Zone Fund II. |
| DLA Piper | Fund Counsel | Company | Providing legal counsel for the Puerto Rico Opportunity Zone Fund II. |