IG4 Capital
IG4 Capital is a São Paulo-headquartered private equity manager founded in 2016 that invests in special situations and market dislocations in emerging markets, deploying control/co-control buyouts, debt-to-equity swaps, and event-driven securities strategies for institutional investors across Latin America, the US, and Europe.
- Company typePrivate
- Founded2017
- HeadquartersSão Paulo, Brazil
- Headcount11–50
- GTM typeB2B
- OfferingServices
What IG4 Capital does
IG4 Capital is a Brazil-headquartered private investment manager founded in 2016, focused exclusively on special situations and market dislocations in emerging markets. The firm pursues control or co-control private equity investments in Latin America, club-deal and debt-to-equity-swap opportunities internationally, and global event-driven securities positions in listed corporations undergoing spin-offs, M&A, privatizations, or other corporate events. Its stated fund-level AUM is approximately USD 1.0 billion in equity (invested capital plus undrawn commitments) and approximately USD 3.0 billion in credit (non-performing loans at face value).
The firm operates through three core investment strategies — Private Equity Latin America, Private Equity International, and Event Driven Securities Global — supported by a dedicated in-house Operations Team of senior executives who take on C-level and board roles at portfolio companies. Revenue is generated through recurring management fees on equity and credit funds plus performance-based carried interest on exits. Notable portfolio activity includes the controlling acquisition of Braskem (BRL ~20 billion) co-held with Petrobras, controlling stakes in Iguaçu Saneamento and OPY Health, a prior co-controlling position in CLI (divested to AD Ports Group for ~USD 835 million), and an active non-binding bid for control of Raízen via credit acquisition. Distribution is direct-to-institutional, targeting pensions, endowments, foundations, funds of funds, wealth managers, multi-family offices, and bank proprietary capital across Brazil, the US, the UK, Jersey, and Spain, with the firm regulated by CVM, ANBIMA, and the SEC.
IG4 Capital firmographics
Firmographics- Name
- IG4 Capital
- Legal name
- IG4 Capital Group
- Website
- http://ig4capital.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- IG4 Capital is a São Paulo-headquartered private equity manager founded in 2016 that invests in special situations and market dislocations in emerging markets, deploying control/co-control buyouts, debt-to-equity swaps, and event-driven securities strategies for institutional investors across Latin America, the US, and Europe.
- Ownership category
- akta.pro rank
IG4 Capital industry classification
Industry- Product category
- Private Equity Investment Management
- NAICS
- Investment Banking and Securities Intermediation (523150), Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)
- akta.pro secondary industries
- Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), ESG Integration / Responsible Investment Funds (Broad ESG) (FSANAJAL), Debt Capital Raising Intermediation (Private Debt/Mezzanine/Bonds) (FSAEALAM)
Keywords
Where IG4 Capital is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices5 records
Markets served
IG4 Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Management Fees: Private equity firm generates revenue through management fees charged on assets under management across equity and credit funds.
- Carried Interest: Performance-based carried interest from successful portfolio company exits and value creation in special situations investments.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
IG4 Capital product offering
Product offeringCore offering
IG4 Capital is a specialist private equity investment manager that deploys capital across equity and credit funds focused on special situations and market dislocations in emerging markets, primarily Latin America. The firm pursues control, co-control, and minority investments in publicly listed and private companies undergoing spin-offs, mergers and acquisitions, privatizations, debt restructurings, and operational turnarounds, while also managing non-performing loan credit portfolios. Revenue is generated through management fees on assets under management and carried interest from successful exits.
Product overview
IG4 Capital is a specialist investment manager offering private equity and special situations investment strategies. The firm operates through three core investment strategies: Private Equity Latin America (control/co-control investments in Latin American companies), Private Equity International (debt-equity swap opportunities in developed markets), and Event Driven Securities Global (minority stakes in corporations undergoing corporate events). The firm manages approximately $1.0 billion in equity funds and $3.0 billion in credit funds (non-performing loans). IG4 Capital's investment approach focuses on companies facing challenges that benefit from hands-on management, targeting high-quality assets acquired at attractive valuations during market dislocations. The firm provides hands-on value creation through its Operations Team of experienced senior executives who serve as C-Level executives and board members across portfolio companies.
Differentiator
Problem solved
Functional benefit
Products and services
- Private Equity Latin America Control or co-control private equity investments in Latin American companies, focusing on identifying and revitalizing companies undergoing market dislocations, driving transformative change in fundamentals, operations, and long-term value. Targets high-quality assets acquired at attractive valuations during dislocations.
- Private Equity International Club deal opportunities outside Latin America targeting debt-equity swaps and credit recovery strategies for companies in special situations, where shareholders and creditors seek an investor to recover and enhance assets.
- Event Driven Securities Global Global event-driven strategy investing in minority stakes in publicly listed corporations undergoing significant change including spin-offs, mergers and acquisitions, privatizations, and special situations. Includes Private Investment in Public Equities (PIPE), particularly during counter-cyclical economic moments.
- Credit Solutions Non-performing loans and credit fund management, with approximately $3.0 billion gross actual AUM in credit funds measured at non-performing loans face value. Provides debt acquisition, restructuring, and recovery strategies.
- Equity Funds Private equity fund management with approximately $1.0 billion gross actual AUM in equity funds including invested capital and undrawn commitments. Includes the IG4 Capital Private Equity Fund II.
- Special Situations Investment Investment in companies under special situations and market dislocations, pursuing value creation through financial restructurings, turnarounds, and active ownership engagement. Spans multiple sectors, industries and geographies with over 10-year track record.
Quantifiable outcome
- Over 10-year track record of deploying capital in special situations strategy across multiple sectors, industries and geographies
- +1 more outcomes
Companies that use IG4 Capital
Customer profileNamed customers7 records
Segments2 records
Ideal customer profiles2 records
IG4 Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
IG4 Capital partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, advisory and portfolio company.
- PetrobrascoreBrazil's state-owned petroleum company became co-controlling shareholder of Braskem alongside IG4 Capital following the acquisition of Novonor's stake. IG4 Capital's fund Shine I FIP acquired controlling interest through debt-to-equity swap, with control now shared with Petrobras while Novonor retains a 4% stake.
- Moelis & CompanyadvisoryIG4 Capital approached investment bank Moelis & Company, which serves as adviser to Raízen's creditors, in connection with its non-binding offer to acquire credits and gain control of Raizen.
- Journey CapitaladvisoryIG4 Capital engaged with financial consultancy Journey Capital, which serves as adviser to Raízen's creditors, for its acquisition approach to Raizen.
- Iguá Saneamentoportfolio companyIG4 Capital is controlling shareholder of Iguá Saneamento S.A., one of the main private water and sanitation companies in Brazil. Paulo Mattos served as Chairman (2017-2024) and Gustavo Buffara serves as Vice Chairman and member of Investment Committee.
- OPY Healthportfolio companyIG4 Capital is controlling shareholder of OPY Health S.A., a healthcare company providing infrastructure and logistics for hospitals and medical services operators. Board member position held by Paulo Mattos.
- Aenzaportfolio companyGustavo Buffara serves as Vice Chairman of Board of Directors of Aenza (formerly Graña y Montero), a leading concessions and infrastructure company listed on Lima Stock Exchange with ADRs on NYSE, present in Peru, Chile and Colombia.
Scale indicators8 records
Recent moves8 records
Expansion highlights5 records
IG4 Capital competitors and assessment
Company assessmentDirect peers
- GP Investments: Brazilian private equity firm founded in 1993 and the largest independent PE manager in Latin America. Multiple IG4 founders (Mattos, Buffara, Fingerl, Tokeshi) previously served there, and both firms focus on control-oriented LatAm buyouts and special situations.
- Patria Investments: Leading alternative asset manager in Latin America with private equity, infrastructure, credit, and public equities strategies. Publicly listed (NASDAQ: PAX), it offers a comparable LatAm-focused PE platform with institutional fundraising and is a direct competitor for institutional mandates in the region.
- Vinci Partners: Brazilian alternative investment platform offering private equity, credit, infrastructure, real estate, and fund-of-funds. Comparable to IG4 in targeting institutional LPs for LatAm-focused special situations and private equity, and similarly led by former bankers and PE professionals.
- 3G Capital: Brazilian-founded global private equity firm known for operational turnarounds and large-scale control acquisitions (Burger King, AB InBev, Kraft Heinz). Shares IG4's DNA of Brazilian origins, special situations focus, and hands-on value creation through cost and operational discipline.
Broad incumbents
- Brookfield Asset Management: Global alternative asset manager with a major LatAm infrastructure and private equity presence. Competes with IG4 for large infrastructure and concessions deals in Brazil, including water/sanitation, ports, and energy-related special situations across the region.
- Apollo Global Management: Global alternative asset manager with a deep value and distressed/special situations franchise. While far larger and more diversified, Apollo represents the global benchmark for the kind of control-oriented distressed and event-driven strategy IG4 executes at smaller scale in emerging markets.
- BTG Pactual: Brazil's largest independent investment bank with a sizable alternative assets arm (BTG Pactual Alternative Assets). Competes directly with IG4 for institutional capital, advisory mandates, and special situations deal flow across Brazilian and broader LatAm markets.
- Oaktree Capital Management: Global investment manager specializing in alternative investments, particularly distressed debt and special situations. Closest global comparable to IG4's credit fund strategy focused on non-performing loans and debt-to-equity swaps at scale.
Others
- Macquarie Asset Management: Global infrastructure and real assets manager that was IG4's co-controlling shareholder in CLI (port terminals) and exited alongside IG4 via the Dh3.1B sale to AD Ports Group. Comparable as a co-investor in Brazilian infrastructure deals and a natural counterparty for joint ventures.
Regional players
- Pragma Capital: Brazilian alternative asset manager focused on special situations and credit, including NPL portfolios. Closely comparable to IG4's credit solutions business in geography and asset class focus, though smaller in scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
IG4 Capital social profiles
Digital presenceIG4 Capital compliance and trust
Trust signalCompliance3 records
IG4 Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
IG4 Capital leadership team
Management profileNumber of profiles
Profiles25 records
IG4 Capital subsidiaries and ownership
Company hierarchySubsidiaries4 records
IG4 Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IG4 Capital M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IG4 Capital
What does IG4 Capital do?
IG4 Capital is a specialist private equity investment manager that deploys capital across equity and credit funds focused on special situations and market dislocations in emerging markets, primarily Latin America. The firm pursues control, co-control, and minority investments in publicly listed and private companies undergoing spin-offs, mergers and acquisitions, privatizations, debt restructurings, and operational turnarounds, while also managing non-performing loan credit portfolios. Revenue is generated through management fees on assets under management and carried interest from successful exits.
Is IG4 Capital a public or private company?
IG4 Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was IG4 Capital founded?
IG4 Capital was founded in 2017. It employs 11 to 50 people.
Where is IG4 Capital based?
IG4 Capital is headquartered in São Paulo, Brazil, in the Latin America region.
How does IG4 Capital make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are IG4 Capital's main competitors?
Direct peers on record are GP Investments, Patria Investments, Vinci Partners and 3G Capital. Broad incumbents are Brookfield Asset Management, Apollo Global Management, BTG Pactual and Oaktree Capital Management. Macquarie Asset Management is listed as an others. Pragma Capital is listed as a regional player.
Does IG4 Capital have an API?
No public API is recorded for IG4 Capital.
What industry is IG4 Capital in?
IG4 Capital's product category is Private Equity Investment Management. Its primary akta.pro industry code is BPAHAOAE, Equity Capital Advisory (Private Equity Placements, Growth Capital), with a secondary code of BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital). Its NAICS code is 523150 and its SIC code is 6282.