IG4 Capital Advisors

IG4 Capital Advisors

IG4 Capital Advisors was established in São Paulo by Paulo Mattos, a former executive with deep experience in Brazilian distressed debt and asset management. The firm emerged to fill a financing void created as domestic banks scaled back their exposure to long-dated infrastructure and real estate credit, leaving a pool of operational assets in need of restructuring and patient capital. The firm pursues a control-oriented special-situations strategy concentrated in infrastructure, real estate, and private credit across Brazil and, selectively, other Latin American markets. IG4's approach combines acquisition of non-performing or under-managed assets with hands-on operational intervention. Debt instruments, equity stakes, and hybrid structures feature across the portfolio. Confirmed positions include a controlling stake in OEC, the heavy-construction subsidiary of Novonor (formerly Odebrecht), acquired through a judicial restructuring process (per the firm's official communications, 2023). The firm has also invested in energy generation and transmission assets, reflecting a credit-and-real-asset mandate that targets value creation through restructuring, regulatory repositioning, and cash-flow optimization. IG4 operates from São Paulo with a lean team of restructuring and operating professionals drawn from Brazilian private equity firms and investment banks. In 2023 the firm closed the acquisition of OEC, taking control of the engineering and construction company through a court-approved reorganization plan that injected fresh capital and converted creditor claims into equity (per Inframation, 2023). The OEC transaction exemplifies IG4's posture: complex, court-supervised, control-taking investments in capital-intensive sectors where few domestic competitors possess both the capital and the operational bandwidth to execute. Structurally, IG4 functions as an independent asset manager rather than a captive family vehicle. The firm raises discrete fund vehicles and co-investment pools from institutional investors, including development finance institutions and global credit funds, rather than a single balance sheet. This third-party capital model — uncommon among Brazilian special-situations managers — subjects IG4 to formal LP governance and reporting requirements that shape its deal cadence and hold periods.