Juan Carlos Batlle is a Senior Managing Director at Ankura Consulting Group and is based in Puerto Rico. Mr. Batlle has 20 years of experience in the financial services industry and has demonstrated team leadership in the public and private sectors. He has occupied senior positions within Santander Group, private real estate investment companies and the Government of Puerto Rico. His areas of expertise include public finance, municipal capital markets, investment banking, asset management, securities brokerage and distressed debt management. Throughout his career, he has worked on infrastructure, energy, hospitality and real estate financings and has also had senior level experience in developing and implementing economic development initiatives fiscal plans in Puerto Rico.
Since 2013, he worked as a Senior Managing Director for CPG Island Servicing, LLC in San Juan, PR, managing a distressed commercial real estate debt portfolio.
In 2011, Mr. Batlle was appointed as President and Vice-Chairman of the Government Development Bank for Puerto Rico (GDB). Through GDB, Mr. Batlle and his team served as the government’s financial advisor, fiscal agent, capital markets and investor relations coordinator and principal lender, tasked with the responsibility of providing continuity to Governor Luis G. Fortuño’s fiscal plan and protecting Puerto Rico’s credit ratings during a challenging economic and fiscal period with increased political pushback resulting from the Island’s extended general election cycle. Mr. Batlle and his team were successful in maintaining Puerto Rico’s investment grade credit ratings and market access. Among his principal achievements are the execution of financing plans for public corporations, the central government, its agencies and instrumentalities, implementing initiatives to promote and support financing programs for small and medium-sized businesses, implementing a fuel procurement process for the Puerto Rico Electric Power Authority and the successful completion of landmark P3 transactions.
More recently, as part of his involvement in connection with the legislative process leading to PROMESA, Mr. Batlle testified before the US Congress (Subcommittee on Oversight and Investigations, Committee on Financial Services) on the Puerto Rico fiscal crisis and its impact on the bond markets.
As Chairman of the Puerto Rico Public Private Partnership Authority, he oversaw the execution of the three landmark transactions completed to date under the Puerto Rico Public Private Partnership Act of 2009, namely:
- PR-22/PR 5: 40-year concession of a major toll road with a total investment of $1.4 billion.
- Public Schools Modernization Program (Schools for the 21st Century): Renovation and modernization of 100 public schools financed through the issuance of $756 million in Qualified School Construction Bonds authorized under the American Recovery and Reinvestment Act of 2009.
- Luis Muñoz Marín International Airport: Substantially completed the concession of Puerto Rico’s main international airport – the first international airport privatized under the FAA’s Airport Privatization Pilot Program, that included total consideration of $2.6 billion over the life of the concession.