Paulo Mattos is Co-Founder, Managing Partner and CEO at IG4 Capital, an alternative investments firm focused on special opportunities in Emerging Markets.

Prior to founding IG4 Capital, Paulo was a Partner at RK Partners, a leading advisory firm specialized in debt restructuring and operational turnarounds, and a Managing Director at GP Investments, a leading alternative investments firm in Latin America.

At GP Investments, Paulo was the Head of Infrastructure and Telecommunications investments and served on the Investment Committee (2012-2016). He was co-founder of BR Towers S.A., the first large independent Brazilian cellphone tower company, where he served as Chairman (2012-2014).

Before joining GP Investments, Paulo was an Executive Vice President of Business Strategy, Wholesale and Regulatory at Oi S.A (2009-2012), a public telecommunications company. While at Oi he served on the Executive Committee, Financial Risk Committee and Operations Committee. Paulo also worked at the Brazilian Development Bank, BNDES, as a Superintendent-Director, in addition to being a member of the Credit & Investment Committee and Head of the Managerial Committee (2007-2009).

Currently, Paulo is the Chairman of Iguá Saneamento S.A. (2017-), one of the main private water and sanitation companies in Brazil, and Board Member of OPY Health S.A. (2019-), a healthcare company that provides infrastructure and logistics for hospitals and medical services operators, where IG4 Capital is the controlling shareholder. He is also Board Member of CLI - Corredor Logísitica e Infraestrutura S.A. (2022-), one of the largest independent port terminal operators for the Brazilian agribusiness, where IG4 Capital is a co-controlling shareholder alongside the Macquarie Group.

He has been also active in venture capital investments through proprietary capital platforms in telecommunications, deep technology, and sustainable innovations.

Paulo holds a J.D. and a Ph.D. in Law from University of São Paulo (USP), was Fulbright Visiting Scholar at Yale University and is Visiting Fellow at the King’s College London. He is permanent member of the Board of Directors of the Brazilian Center for Analysis and Planning – CEBRAP and former associate professor at the Getulio Vargas Foundation – FGV, leading think tanks in public policy and business administration.

He is involved with philanthropy through the Instituto Îandé in Brazil and has been supporting non-profit organizations in education and sustainable development.

Gustavo Buffara is Co-Founder, Managing Partner, CFO and Co-CIO of IG4 Capital. 

Gustavo has served as Vice Chairman of the Board of Directors, Coordinator of the Investment Committee and member of the Audit Committee of Iguá Saneamento S.A., one of the largest private platforms in the sanitation sector in Brazil, since 2017; he also coordinated the People Committee between 2017 and 2022, period of structuring and expansion of the company.

Gustavo also serves, since 2021, as Vice Chairman of the Board of Directors and member of the Investment and Strategy Committee of Aenza, a leading Concessions and Infrastructure company, listed on the Lima Stock Exchange and with ADRs on the NYSE and with presence in Peru, Chile and Colombia. Gustavo has also been a Board member of OPY Health and CLI since their founding in 2020 - both portfolio companies of IG4 Capital.

Prior to founding IG4, he served as Managing Director of RK Partners, a consulting firm specializing in debt restructuring and operational turnaround, and as Deputy Director of GP Investments. During his tenure at GP Investments, from 2012 to 2016, Gustavo was responsible for investments in the infrastructure and telecommunications sectors in Brazil. He was also part of the initial GP Investments team involved in the BR Towers transaction, responsible for structuring and executing the 100-day plan with statutory executives. Previously, he was a Senior Consultant at Bain and Company in São Paulo, leading strategy projects for multinationals in different sectors, including financial services, credit and debit cards, insurance, airlines and oil and gas. In this role, he led projects in Brazil, Chile and Africa (2010-2012). Gustavo began his career at Telefónica, where he served from 2004 to 2010 as an executive in the areas of Planning, M&A and Regulatory Strategy. Between 2008 and 2009, he also worked temporarily as part of the Group's Global COO team in Spain. 

Gustavo holds an MBA from IMD in Switzerland and a BA in Public Administration from EAESP-Fundação Getúlio Vargas (FGV).

Felipe Fingerl is a Co-Founder, Managing Partner and Risk Officer at IG4 Capital. He is currently serving as CFO of Iguá Saneamento S.A. Prior to founding IG4, Felipe was a Director at RK Partners, an advisory firm specialized in debt restructuring and operational turnarounds, where he analyzed investment opportunities (2016-2017).

Prior to RK, he was an Associate at GP Investments (2012-2016), conducting analyses for investments in the infrastructure and telecom sectors. Before joining GP Investments, Felipe was part of the Latin America Equity Capital Markets division of J.P. Morgan in Brazil and NY.  Prior to that, he was part of the Investment Banking team at Banco Modal, where he participated in M&A and capital markets transactions.

Felipe holds a Bachelor’s degree in Economics from the Pontifical Catholic University of Rio de Janeiro.

Pablo Kuhlenthal is a Managing Director and Head of IG4 Capital's Santiago office, overseeing sourcing and investments for Latin America ex-Brazil. Previously, Pablo was the founder and CEO of BauMax SpA, the first fully automated circulation plant for the precast industry in Latin America, and he continues to serve as a board member. Prior to founding BauMax, Pablo worked in private equity at Corso (2012-2014), the family office of Teresa Solari, where he managed US$80 million in retail, agribusiness, energy and infrastructure investments. Pablo has also worked as a Professor of Private Equity & Venture Capital at Pontificia Universidad Católica de Chile (2013-2014), as a consultant at McKinsey & Company (based in Santiago), where he worked on projects in the financial services, tourism, mining and airline industries, among others (2010-2012), and as VP of Finance at Bancard Inversiones, the family office of Chilean president Sebastián Piñera (2006-2009).

Pablo is a partner and board member of Capitaria Group, a leading fintech project based in London and with operations in Chile, Peru, Uruguay and Colombia. He is also a board member of Sixbell, a regional IT Integrator in the data and communications sectors serving the leading telecom operators, banks and retailers in Latin America

Pablo holds an MBA from IMD in Switzerland and a Bachelor's degree in Industrial Engineering from the Pontificia Universidad Católica de Chile.

Helcio Tokeshi is a Managing Director and Chief Economist, as well as a member of the Investment Committee of IG4 Capital Private Equity Fund II. Prior to joining IG4, he served as Secretary of Finance for the State of São Paulo (2016-2018). Prior to this, he was a Partner at GP Investments (2014-2016), where he focused on investments in the infrastructure space.

Before GP Investments, he was a Managing Director at EBP (Brazilian Project Structuring), a company dedicated to the design, structure and implementation of infrastructure projects in partnership with BNDES and the Brazilian government (2009-2013). Prior to EBP, Helcio worked at McKinsey, starting as an Associate and progressing to Associate Principal (1999-2004 & 2006-2008). Additionally, he also served as Secretary for Economic Monitoring at the Ministry of Finance (2004-2006) and worked as an Economist at the World Bank, based in Washington, D.C. (1997-1999).

Helcio has a Bachelor’s degree in Economics from the University of São Paulo, a Master’s degree in Economics from the University of Campinas (UNICAMP), and doctoral studies in Economics at the University of California, Berkeley.

Loy Pires is a Managing Director and member of the Investment Committee of IG4 Capital Investment Committee. Before joining IG4, Loy was an IFC executive having served as Global Client Head in Washington DC, where he reported directly to IFC  Chief Operating Officer & Vice President and, prior to that, as IFC Brazil Country Head. Loy also served other senior positions within the organization as IFC Asia Regional Manager, Head of IFC in Mumbai, and IFC Eastern Europe CIO, totaling 23 years of experience in the emerging markets. Before IFC, Loy held positions in strategic consulting, business development and audit.

Mr. Pires holds a Bachelor degree from the University of Mumbai, an MBA from the University of Michigan and is a UK Chartered Accountant.

Flávia Andraus is Managing Director, General Counsel and Compliance Officer at IG4 Capital. Before joining IG4 Capital, Flávia was a partner at Sergio Spinelli Sociedade de Advogados, a Brazilian boutique corporate law firm focused on special situations, distressed assets, structured finance, M&A, capital markets and private equity transactions, in addition to corporate governance and corporate disputes (2018-2019).

Prior to this, Flávia was the General Counsel of Urbplan Desenvolvimento Urbano S.A. (2014-2017), a real estate development company which was then a portfolio company of The Carlyle Group and which was in distress when she joined, which gave her the opportunity to support and sustain the company’s turnaround. Before Urbplan, Flávia served briefly as General Counsel of Eldorado Brasil Celulose S.A., the largest and most modern pulp mill in the world, and as General Counsel of San Antonio International (2009-2012), a Latin American oil and gas services company which was then a portfolio company of GP Investments and which was also in distress when she joined. Prior to Eldorado, Flávia served as the Financial Legal Manager of Companhia Siderúrgica Nacional (CSN) (2005-2007), one of the most efficient integrated steel-producers in the world.

Prior to CSN, Flávia served as Senior Counsel at Tauil & Chequer Advogados Associados a Thompson & Knight LLP (2008-2009), as a Senior Associate at both Navarro Advogados (2007) and at Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados, (2000-2005, and 1997-1998), as an international associate at Simpson Thacher & Bartlett in New York, (1999-2000), and as an associate at Clyde & Co Consultores S.C. Ltda., the then Brazilian branch of the British law firm (1996). Additionally, Flávia also worked as an Associate at the International Trade Center – UNCTAD/WTO, the commercial branch of the WTO for developing countries, in Geneva, and at Gide, Loyrette & Nouel, in France (2005).

Flávia holds an MBA in corporate finance from IBMEC, a LL.M. from Université de Droit Panthéon-Assas (Paris II) and a J.D. in Law from the University of São Paulo.

Otavio Silveira is a Managing Director of the IG4 Operations Team. Previously, he served as CEO of Iguá Saneamento S.A. (2013-2017) and was instrumental in the successful transaction executed by IG4 Capital as well as the transition to a new management team. Otavio is also a member of the Analysis, Risk & Environmental Planning and Operations Committees at Iguá Saneamento. Before Iguá Saneamento, Otavio was CEO of Dreen Brasil Investimentos (2005-2014), a renewable energy company in which Otavio had been involved since its inception. The company developed greenfield wind and hydro projects, participating in successful auctions for the sale of energy to the grid; during this period, Otavio was chosen to serve as Chairman of Abeeólica, the Brazilian Wind Association. Previously, Otavio was a Director of Planning at Intervias (1999-2004), a highway concession company in São Paulo.

Otavio has an MBA in Business Administration from Getúlio Vargas Foundation, an MBA in Economic Engineering from Dom Cabral Foundation and a Bachelor’s degree in Engineering from the Federal University of Minas Gerais. He is also a member of IBGC (Instituto Brasileiro de Governança Corporativa) as of January 2018.

Carlos Brandão is a Managing Director of the IG4 Operations Team. Throughout his career, he has had experience in different industries, such as utilities (generation, transmission, and distribution), retail and telecommunications companies, always acting in key and strategic roles.

His last professional role was as Oi’s (one of the biggest telecommunications companies in Brazil) CFO, where he was the leader of the company’s restructuring process in the largest and most complex cross-border debt restructuring in Latin America at that point. The results of this project include the rebalancing of its capital structure, the implementation of a capital increase and new governance through a dispersed shareholder base due to the conversion of debt into equity and an independent professional board, the construction of a new strategic plan and the sale of a problematic asset in Angola. He was also a member of the Management, Risk, Cost and Quality Committees. From 2015-16 he was responsible for managing the company’s international asset portfolio, dealing with partners and stakeholders from different countries in Africa and Asia. Prior to that, from 2011-2014, he was the chief strategy officer where he coordinated the company’s bid strategy for the spectrum auctions. At that time, he was also responsible for the design of the company’s corporate strategy.

With diversified experience in mergers and acquisitions, debt and operational restructuring and corporate strategy, Carlos also worked on projects of this nature during his time at Energisa, Furnas and Sendas (2001-2004).

Carlos holds a business administration degree from the Federal University of Juiz de Fora, Specialization in statistics also from UFJF and an MBA from IBMEC.

Juan Revilla is a Managing Director and Head of IG4 Investments South Europe. Juan is an experienced international CEO, with a track record of success spanning over 24 years as a C-level executive in the complex and highly competitive telecom business primarily in Europe and Latin America, mainly Spain, Italy, Germany, England, Brazil, Mexico, Colombia, Peru, Chile, Argentina and Central America. Juan is a strong manager accustomed to large and geographically split teams and possesses excellent knowledge of the information, communications and technology sectors in Europe and Latin America.

Prior to joining IG4, Juan held several roles at Telefónica, the largest telecommunications operator in Latin America, including CEO of Telefónica Business Solutions (2014-2017), VP of Resources for Telefonica Brasil (2012-2013), Chief Global Shared Services Officer (2010-2012), CEO of Wireline Operations LatAm (2008-2010), CIO and CTO LatAm (2006-2008) and CEO of Telefónica Perú (2003-2006), amongst others. After leaving Telefónica, Juan began researching and development infrastructure business opportunities, taking advantage of his personal experience and relationships in the information, communications, and technology sectors.

Juan has a Bachelor’s degree in Business Administration from Universidad del Pacífico.

Hélio Novaes is Managing Director and Head of Credit Solutions. He has 11 years of experience in banking (both in Brazil as well as abroad), 19 years of experience as a Chief Financial Officer of large companies and 4 years as a Managing Director focused on financial advisory and special situations. Throughout his career, he has been responsible for numerous capital-raising, IPO, M&A, project financing, trade finance, restructuring and renegotiation transactions across various sectors and businesses.

Before joining IG4, Hélio was a partner at an international consulting firm, leading financial advisory initiatives and special situations. Prior to that, he was CFO of several large companies in Brazil, leading financial and administrative teams in sectors such as commodities, pulp, sugar and ethanol, real estate, petrochemicals, cosmetics and media. He focused on restructuring operations, processes, capital structure and debt portfolios, leading negotiations with banks, law firms, advisors and investors.

Throughout his career, Hélio has been responsible for several debt, equity and M&A transactions at the banks and companies at which he worked, raising funds from various sources, both within Brazil as well as externally. He played a relevant role in the combination of businesses in the Brazilian petrochemical sector (through the merger of five different companies) and in the sugar and ethanol sector (combining the operations of two large companies). He also led the growth and expansion strategies of two companies in the real estate sector. Additionally, Hélio was responsible for the financial and administrative teams at a large cosmetics company and at a media conglomerate, coordinating equity, debt, renegotiation, acquisitions and performance improvement at these companies.  Hélio currently sits on the board of a Brazilian real estate company, leading its initiatives for insertion into the capital markets.

Hélio has a Bachelor’s degree in Civil Engineering from the Federal University of Minas Gerais (UFMG), with a postgraduate degree in Finance from Fundação Dom Cabral and a specialization in Advanced Management from Insead. Hélio also taught Finance classes at Insper (a renowned business school in São Paulo) and was a member of the Board of Instituto Ayrton Senna (a non-profit organization dedicated to the development of public education initiatives in Brazil).

Péricles Weber is Managing Director at the IG4 Operations Team and COO at Iguá Saneamento. Throughout his 35 years of experience in the Water & Sanitation segment, prior to joining IG4 he held various positions at Sanepar, including as Water, Sanitation and Solid Waste Management Manager, and was Director of Environment and Social Action. Pericles holds a degree in chemical engineering from the Federal University of Paraná and an MSc. in Environmental Engineering from Imperial College London.

Thiago Silva is Managing Director and Co-Head of Infrastructure. He is a member of the Infrastructure Investment committee and responsible for the origination of new investments and relationships with IG4 LPs and co-investors. Prior to joining IG4 in 2022, Thiago was a Director at Ontario Teachers Pension Plan (OTPP) Infrastructure and Natural Resources group (2008 – 2021) where he led the origination, execution and asset management of new investments around the world, most recently based in London. Thiago was also a non-executive board member of the Birmingham airport in the UK (2018-2021) and Koole Terminals in the Netherlands (2018-2019).

Prior to joining OTPP, Thiago was an Associate at Brookfield Asset Management (2004-2008) Private Equity team and was involved in the execution of new investment opportunities across real estate, private equity, and infrastructure reporting to Sam Pollock. Before moving to Canada in 2001 to pursue his MBA, Thiago started his career at Braskem where he was a Controller of one of its divisions.

Thiago holds an MBA from the University of Toronto and a Bachelor of Mechanical Engineering from Faculdade de Engenharia Industrial (FEI). 

Jean-Paul Veiga da Rocha is the Chief Regulatory Officer of the IG4 Operations Team. He is also a Professor at the Law School of the University of São Paulo (USP) and a Legal Consultant at Portugal Ribeiro Advogados. He served as General Counsel and Chief Regulatory Officer at Iguá Saneamento S.A. (2017-2019). Prior to that role, Jean-Paul was an Associate General Counsel for Regulatory and Antitrust Law at Brasil Telecom S.A. (2006-2009). He also worked in the launching of the new São Paulo Law School of Fundação Getúlio Vargas (FGV-SP), where he worked as Academic Coordinator and Professor of Economic Law (2002-2006).

Jean-Paul holds an LLB and a Ph.D. in Economic Law from the University of São Paulo and was a Visiting Scholar at Yale Law School as well as a Visiting Fellow at the London School of Economics and Political Science.

Gema Esteban Garrido is Global Head of ESG at IG4 Capital. Gema has more than 25 years of experience in different sectors and executive positions, always in forward looking areas, and she is an expert in sustainability & ESG, with an ability to develop future strategic insights balancing risks and opportunities.

Prior to joining IG4 Capital, she spent several years at Telefónica, most recently as ESG Investor Director (2018-2020), where she revamped Telefónica’s ESG strategy in order to attract ESG investors and positioned the company as a leader amongst the most influential ESG ratings, where Telefónica consistently achieved a top 5 ranking. Previously she occupied different executive roles at Telefónica ranging from Digital Strategy, Industry Analyst Relations, Global Operations Strategy or Strategic Business planning. Prior to these roles she worked at British Telcom and in the Software Industry. She is also a board member of the "Global Women Telecommunications Network" and a co-founder of "Women for Good", in addition to supporting and advising young entrepreneurs.

Gema has an Advanced Management degree from IESE Business School (PDG), an Investment Management degree from Universitá of Geneva, a certification in ESG investing from the CFA Society and a bachelor’s degree in Computer Science from Universidad Pontificia de Salamanca in Madrid.