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prima:Court dismisses lawsuit against New Advisory Solutions in Popular Mezzanine Fund fraud case

The private equity fund removed from the litigation the company of Gian Carlo Piovanetti’s mother, who is alleged to have defrauded the entity of $15 million

March 23, 2026 - 4:31 PM

In the image Gian Carlo Piovanetti and Carla Michelle López Arroyo, sued by Popular's private equity fund. (ENID M. SALGADO-MERCADO)

The Court of First Instance of San Juan dismissed the charges filed by Popular Mezzanine Fund (PMF) against New Advisory Solutions, LLC., for allegedly collaborating in illegally diverting millions of dollars that belonged to the private equity fund.

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