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prima:The Comptroller's investigation into public investments in Phoenix Fund has been delayed

The Comptroller's Office was supposed to complete the investigation in October 2025, but seven months later, it has yet to release its findings or announce a date for publishing the report

June 18, 2026 - 2:37 PM

The Phoenix Fund is a private equity fund that was placed under receivership in June 2025 by the Office of the Commissioner of Financial Institutions. (Carlos Rivera Giusti/Staff)

The investigation being conducted by the Puerto Rico Comptroller’s Office (OCPR), which would reveal whether there were any irregularities in the million-dollar investment loans granted by the State Insurance Fund Corporation (CFSE) to The Phoenix Fund (TPF), remains delayed, with no indication of when it will be completed.

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