A Puerto Rico-based RIA delivering tax-advantaged private equity and venture capital strategies for accredited investors worldwide.
Capital United is a private equity platform built by the team behind EB5 United, one of the largest EB-5 immigration investment firms in the United States. Since 2011, our principals have raised and deployed over $2 billion in equity and debt across major real estate and development projects nationwide.
That history gave us two things most emerging managers don't have: a proven track record in complex, tax-structured investment deals, and a deep network of high net worth individuals and family offices who already know us and are looking for their next opportunity.
Capital United exists to do one thing well: amplify private equity returns by combining government tax incentives with institutional deal access, and deliver both to an investor base that's already in place.
Puerto Rico offers some of the most aggressive tax incentives anywhere in the U.S. system. Under Act 60, qualifying fund investments receive a 60% upfront tax deduction on invested capital. Eligible investment income is 100% tax-exempt for bona fide residents. Tourism tax credits can cover 30–40% of qualifying project costs. Nearly 98% of the island qualifies as an Opportunity Zone. Property tax abatements run up to ten years. These aren't theoretical — they directly reduce the amount of risk capital a project needs to break even, and they compound returns in ways that mainland-only structures can't match.
We built our fund architecture to capture those incentives at scale. The CapU PE Series Fund is domiciled in Puerto Rico and structured so that on-island investors get the full Act 60 benefit, while mainland investors receive equitable after-tax treatment through a catch-up mechanism and C-Corp blocker that converts ordinary income to long-term capital gains. The modeled result: after-tax IRR uplift of 650+ basis points for PR investors and 700+ for mainland investors versus a comparable non-PR fund structure.
Alongside the Series Fund, the Capital United Global Access Fund is a Delaware-based vehicle that removes Puerto Rico's 60/40 allocation requirement entirely. This is where we house mainland and global strategies — venture, growth equity, and other opportunities for qualified purchasers — without routing every dollar through island compliance. Together, the two funds let us offer Puerto Rico's tax advantages where they apply and unconstrained deal flow where they don't.
Most first-time funds spend their first years just trying to build a pipeline of qualified investors. We started with one.
Through EB5 United, our team has spent over a decade working with accredited and institutional investors across international markets. That community — built through $2 billion in completed transactions — is the foundation Capital United is built on. We move faster on capital commitments, negotiate from a position of scale, and access deal flow that typically requires a longer track record to see.
Our investor base is our leverage. The relationships are already there. The capital interest is already there. What Capital United adds is a structure purpose-built to turn government incentives and institutional deal access into higher-yield outcomes for the people who trust us with their money.
For accredited and qualified investors only.
Institutional-caliber fund strategies combining Puerto Rico's tax advantages with world-class deal access.
Puerto Rico series fund blending Act 60 tax advantages (60%) with U.S. mainland and global deal access (40%).
Private membership club in San Juan, Puerto Rico. HUA TEA project with 10% visa set-asides.
Diversified exposure to ~100 pre-IPO technology companies through employee option exercise financing.
Growth-stage digital asset equity through 50T Fund L.P., the leading blockchain-focused PE firm.
CapU PE Series Fund leverages Puerto Rico's Act 60 tax incentives to deliver materially higher after-tax returns compared to traditional mainland PE structures.
PR investors receive substantial upfront deductions on qualifying capital, offsetting the standard 33% marginal rate.
Interest, dividends, and capital gains generated within qualifying structures are fully exempt for PR residents.
C-Corp blocker converts returns to simpler dividend income, lowering the effective blended rate to approximately 37%.
60% invested in PR qualifying businesses, up to 40% in U.S. mainland and global opportunities for diversification.
*HYPOTHETICAL MODELED PERFORMANCE. Based on illustrative assumptions including a Base Gross CAGR of 36%, standard 2%/1% management fee structure, 1.5% structure fee, and $25K startup fee over a 5-year holding period. Tax modeling assumes current Act 60 incentive rates and applicable federal/PR tax brackets. These projections do not account for changes in tax law, early redemptions, or portfolio concentration risk. Actual results may differ materially based on market conditions, portfolio company performance, exit timing, regulatory changes, and other factors. This is NOT a forecast, guarantee, or prediction of results. See offering memorandum for complete methodology, assumptions, and risk factors.
Extensive experience in investment management, finance, real estate, and cross-border capital markets.
CEO and Partner of EB5 United and Capital United. 30+ year track record in real estate development, complex finance, and global investor relations. BA in Finance & Real Estate, University of Oregon.
President and Partner of EB5 United and Capital United. Previously consultant to BlackRock and executive at Pali Group. BA Boston College, MBA UCLA Anderson.
Ten years in private equity and cross-border finance. Former CFO of Soho House North America. CFO of Conduit Transition SPAC ($150M). BA in Business Economics.
In the EB-5 industry since 2013, with involvement in projects raising over $1.1B in EB-5 capital. Operated a Regional Center for 5 years before joining EB5 United in 2018. BS in Finance & MBA, University of South Alabama.
Oversees operations, compliance, due diligence, and project management at EB5 United. Over a decade leading an EB-5 consulting practice, guiding thousands of projects. BS Brigham Young University.
Oversees accounting and financial reporting at company and project level, including offering documents, I-526E applications, and escrow management. Also CFO & CCO of Capital United, LLC. BA in Business Administration & Economics, Pacific University.
Interested in learning more about our investment strategies? Complete the form and a member of our team will be in touch.
info@capunited.com
Contact us for direct line
San Juan, Puerto Rico
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Nothing on this website constitutes tax, legal, investment, or immigration advice. All content is for informational purposes only. Prospective investors should consult their own tax, legal, financial, and immigration advisors before making any investment decisions. Forward-looking statements on this site are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially.
Performance Disclaimers
Past performance is not indicative of future results. There can be no assurance that any fund will achieve comparable pricing, discount levels, exit valuations, or returns. Modeled and projected performance figures are hypothetical and for illustrative purposes only. Actual results may differ materially from projections.
The illustrative performance scenarios and valuation examples herein are for informational purposes only and do not represent actual or projected returns. Investors may lose some or all of their investment.
Risk Factors
Investments in private equity and venture capital involve a high degree of risk, including the potential for complete loss of capital. These investments are illiquid and there is no guarantee that investors will be able to withdraw their capital or realize gains. Investments are suitable only for accredited investors who can bear the loss of their entire investment.
Cap-U Fuel Innovation 100 uses a different strategy (employee financing vs. direct equity investment) and has NO track record. Historical fund returns of Fuel Venture Capital do not predict Cap-U Fuel Innovation 100 results.
Immigration Disclaimer: For EB-5 offerings, an investment does not guarantee approval of any immigration petition, visa issuance, or permanent residency. Immigration outcomes are determined solely by USCIS and are subject to regulatory requirements, processing timelines, and adjudicatory discretion beyond the control of the fund or its sponsors. EB-5 program requirements are subject to change by legislation or regulation. Capital United does not provide immigration legal advice. Prospective investors should consult qualified immigration counsel.
Third-Party Notice: Company names and logos referenced on this site are trademarks of their respective owners, used for illustrative purposes only. No endorsement, partnership, or affiliation is implied. Referenced companies have not reviewed or approved this presentation.