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prima:Comptroller investigates million-dollar investments by the State Insurance Fund Corporation in The Phoenix Fund

While the investigation is ongoing, a source revealed another possible million-dollar transaction by the public corporation in an alleged subsidiary of the private equity fund

August 12, 2025 - 2:38 PM

The Office of the Comptroller of Puerto Rico expects the audit of the State Insurance Fund's investments to be ready by October 31. (Carlos Rivera Giusti)

The Office of the Comptroller of Puerto Rico (OCPR) launched an investigation into the investment transactions of the State Insurance Fund Corporation (CFSE) after the agency invested millions in the troubled private equity fund The Phoenix Fund.

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