Mr. Meduña is President of Advent-Morro Equity Partners, an investment firm dedicated to making Venture Capital and Private Equity investments in companies that are primarily based or operating in Puerto Rico. Advent-Morro currently manages three private equity funds with combined capital of $120 MM.
Through its investments, Advent-Morro has provided equity capital to more than 40 companies, most of which are primarily based or operating out of Puerto Rico. Many of Advent-Morro backed companies have grown to be leaders in their industries. Examples include Medical Card Systems in healthcare, Centennial Communications and Islanet Communications in telecommunications, Packers Provision in Distribution, Integrated Technology and Abaco in technology services, ICPR Junior College in Education, Viu Media in outdoor Advertising and Wyndham International and Hotel El Convento in the Hospitality industry. Equally important, these companies have made and are making a significant impact in Puerto Rico’s economy. They generate over $1.5 billion in yearly sales and employ over 1,500 people in Puerto Rico in addition to being a significant tax payer at the state and municipal level.
Mr. Meduña served, by appointment of the Governor of Puerto Rico, as one of the private sector members of the “Counsel for the Development and Maintenance of Public Policy for Science and Technology” and served for 6 years a Board Member and Treasurer of the Centros Sor Isolina Ferré, a charitable institution based in Ponce. He is also a founding member involved in the committee in charge of raising funds for the restoration of Iglesia San Jose in Old San Juan, the 2nd oldest church in this hemispheres and selected by the World Monuments Fund for historic preservation. Mr. Meduña is also Honorary Consul for the Republic of Chile in Puerto Rico.
Mr. Meduña holds a Bachelor of Science in Mechanical Engineering from Rensselear Polytechnic Institute and a Master of Business Administration from George Washington University. He is married to Maria Luisa Ferré and has three daughters, Catalina, Tatiana, and Victoria.
Before entering the Private Equity industry, Mr. Meduña headed Ehrlich Bober Int’l, a regional merchant bank. Prior to that, he was a Vice President of the Chase Manhattan Capital Markets Corporation of Puerto Rico. He started his career at the Chase Manhattan Bank in New York in 1982 where he worked at the Bank’s Western Hemisphere-Strategic Planning Division. In 1983, he was transferred to Puerto Rico to establish the Bank's Capital Markets Division.
Mr. Meduña is a member of the Board of Directors of all locally based portfolio companies in which Advent-Morro has invested, including Medical Card Systems, Islanet Communications, Integrated Technologies, Infinity Laser Centers, Packers Provisions, Hotel el Convento, and AMG Radiology among other companies. In addition, he was a Board Member of Puerto Rico Home Mortgage and GM Group, prior to both these firms being acquired by Popular Inc.