IG4 Capital

Paulo Mattos, as CEO and Founding Partner, chairs the investment committee and leads the firm's overall strategy. He is supported by a senior team drawn from firms including Patria, Actis, and Brookfield, with sector specialists covering utilities, transportation, and energy. Investment decisions follow a consensus-driven committee process standard for institutional blind-pool fund managers.

IG4 primarily pursues bilateral, off-market transactions with distressed corporate sellers, such as Brazilian conglomerates under pressure from creditors, or through court-supervised restructuring processes. The firm explicitly avoids competitive auctions against strategic acquirers, targeting situations where a credible cash buyer can negotiate exclusivity in exchange for speed and certainty of closing.

The firm targets control acquisitions of mid-market operating infrastructure assets, primarily in the water and wastewater, regulated electricity transmission, and toll road sectors across Brazil, Chile, Peru, and Colombia. It also evaluates select energy transition platforms and real asset operating companies. IG4 does not invest in greenfield development, pre-revenue construction, or pure real estate development.

IG4 Capital is an institutional asset manager, not a family office. It raises capital through blind-pool drawdown funds from North American and European limited partners and manages those funds on a commingled, discretionary basis. The firm's governance and fee model follow standard private-equity fund conventions.

IG4's core business is making direct control acquisitions in operating infrastructure companies. The firm does not market itself as a fund-of-funds manager and has not publicly disclosed material commitments to external private-equity or infrastructure funds.

After acquiring a controlling stake, IG4 installs operating partners and independent directors directly into the portfolio company. Turnaround plans typically address tariff-renegotiation strategy, capital expenditure efficiency, collections improvement, and procurement rationalization. The firm targets improved regulatory positioning and operational cash flows as the primary drivers of exit value.

The firm raises primarily from North American and European institutional investors, including foundations, endowments, and pension funds. Its New York office supports fundraising and investor relations, while deal sourcing and asset management execution run from São Paulo.