UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G


                    Under the Securities Exchange Act of 1934




                         TRIPLE-S MANAGEMENT CORPORATION
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                                (Name of Issuer)

                      CLASS B COMMON STOCK, PAR VALUE $1.00
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                         (Title of Class of Securities)

                                    896749108
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                                 (CUSIP Number)

                                 April 30, 2008
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             (Date of Event Which Requires Filing of this Statement)



Check  the  appropriate  box  to  designate  the  rule  pursuant  to which  this
Schedule 13G is filed:

              [ ] Rule 13d-1(b)
              [X] Rule 13d-1(c)
              [ ] Rule 13d-1(d)


*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).





CUSIP NO.  896749108
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1.    Names of Reporting Persons.   Tyndall Capital Partners, L.P.
      I.R.S. Identification Nos. Of Above Persons (entities only):   13-3594570
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2.    Check the Appropriate Box if a Member of a Group*
           (a) [ ]                   (b) [ ]
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3.    SEC Use Only
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4.    Citizenship or Place of Organization:   Delaware
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Number of Shares Beneficially Owned
   by Each Reporting Person With:       5.  Sole Voting Power:         863,454**
                                            ------------------------------------
                                        6.  Shared Voting Power:             0
                                            ------------------------------------
                                        7.  Sole Dispositive Power:    863,454**
                                            ------------------------------------
                                        8.  Shared Dispositive Power:        0
                                            ------------------------------------
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9.    Aggregate Amount Beneficially Owned by Each Reporting Person:   863,454**
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10.   Check if  the  Aggregate Amount in  Row (9) Excludes  Certain Shares  (See
      Instructions):   N/A
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11.   Percent of Class Represented by Amount in Row (9):  5.3%**
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12.    Type of Reporting Person (See Instructions):  PN
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** Based on 16,266,554 shares of Class B common stock, par value $1.00 per share
(the "Shares"),  of Triple-S Management  Corporation,  a Puerto Rico corporation
(the  "Company"),  outstanding  as of February  29,  2008,  as  disclosed in the
Company's  most  recent  Annual  Report on Form 10-K for the  fiscal  year ended
December 31, 2007.  As of April 30,  2008,  578,544  Shares are owned by Tyndall
Partners,  L.P., a Delaware limited  partnership  ("Tyndall") and 284,910 Shares
are  owned  by  Tyndall  Institutional   Partners,   L.P.,  a  Delaware  limited
partnership  ("Tyndall  Institutional").  Tyndall Capital Partners,  L.P. is the
general  partner of Tyndall and Tyndall  Institutional,  and  possesses the sole
power to vote and the sole  power to direct  the  disposition  of all the Shares
held by Tyndall and Tyndall Institutional.





Item 1(a).   Name Of Issuer.  Triple-S Management Corporation

Item 1(b).   Address of Issuer's Principal Executive Offices:
             1441 F.D. Roosevelt Avenue, San Juan, PR 00920


Item 2(a).   Name of Person Filing:  Tyndall Capital Partners, L.P.

Item 2(b).   Address of Principal Business Office or, if none, Residence:
             599 Lexington Avenue, Suite 4100, New York, New York  10022

Item 2(c).   Citizenship:  Delaware

Item 2(d).   Title of Class of Securities: Class B common stock, par value $1.00
             per share

Item 2(e).   CUSIP Number:  896749108


Item  3.     If This Statement  Is  Filed  Pursuant to Sections 240.13d-1(b)  or
             240.13d-2(b) or (c), check whether the Person Filing is a:

             Not Applicable.


Item 4.      Ownership.

         (a)  Amount beneficially owned (as of April 30, 2008):        863,454**

         (b)  Percent of Class (as of April 30, 2008):                    5.3%**

         (c)  Number of shares as to which such person has:

             (i)  Sole power to vote or to direct the vote:            863,454**

            (ii)  Shared power to vote or to direct the vote:                0

           (iii)  Sole power to dispose or to direct the
                  disposition of:                                      863,454**

            (iv)  Shared power to dispose or to direct the
                  disposition of:                                            0






Item 5.   Ownership of Five Percent or Less of a Class

          Not Applicable.


Item 6.   Ownership of More Than Five Percent on Behalf of Another Person

          Not Applicable.


Item 7.   Identification  and  Classification  of the Subsidiary  Which Acquired
          the  Security  Being Reported  on  by the  Parent Holding  Company  or
          Control Person

          Not Applicable.


Item 8.   Identification and Classification of Members of the Group

          Not Applicable.


Item 9.   Notice of Dissolution of Group

          Not Applicable.



-------------
** Based on 16,266,554 shares of Class B common stock, par value $1.00 per share
(the "Shares"),  of Triple-S Management  Corporation,  a Puerto Rico corporation
(the  "Company"),  outstanding  as of February  29,  2008,  as  disclosed in the
Company's  most  recent  Annual  Report on Form 10-K for the  fiscal  year ended
December 31, 2007.  As of April 30,  2008,  578,544  Shares are owned by Tyndall
Partners,  L.P., a Delaware limited  partnership  ("Tyndall") and 284,910 Shares
are  owned  by  Tyndall  Institutional   Partners,   L.P.,  a  Delaware  limited
partnership  ("Tyndall  Institutional").  Tyndall Capital Partners,  L.P. is the
general  partner of Tyndall and Tyndall  Institutional,  and  possesses the sole
power to vote and the sole  power to direct  the  disposition  of all the Shares
held by Tyndall and Tyndall Institutional.










Item 10.  Certification.

          By signing  below,  I certify  that, to the  best of my  knowledge and
belief, the securities  referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing  the control of the
issuer of such  securities  and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.



                                    SIGNATURE

         After reasonable  inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.


                                                 May 6, 2008

                                                 TYNDALL CAPITAL PARTNERS, L.P.

                                                 By:  JEFFREY MANAGEMENT, LLC,
                                                      its general partner


                                                     /s/ Jeffrey S. Halis
                                                 By:----------------------------
                                                     Jeffrey S. Halis, Manager



      Attention: Intentional misstatements or omissions of fact constitute
                Federal criminal violations (See 18 U.S.C. 1001)