– Siguler Guff & Company, LP, a global private markets investment firm with over $17 billion in assets under management, announced the final close of the Siguler Guff Brazil Special Situations Fund III (BSSF III), the latest vintage of its Brazilian Legal Claims strategy.
– BSSF III closed with $415 million in commitments, exceeding its $350 million target. An additional $23.7 million (R$127,950,000) was raised via a parallel local currency vehicle, bringing total capital to approximately $439 million.
– The Brazilian Legal Claims platform focuses on structured credit investments related to legal claims against Brazilian public entities, providing liquidity solutions to corporations and individuals. These claims are generally uncorrelated with broader economic conditions.
– The Fund’s strategy is led by Cesar Collier, Partner and Head of Latin America, supported by a team with over 100 years of combined experience navigating Brazil’s judicial system.
– Siguler Guff actively participates in legislative discussions and has contributed to Supreme Court rulings that shape the Brazilian Legal Claims asset class.
– The firm has maintained a local presence in Brazil since opening its São Paulo office in 2011.
– Since 2015, Siguler Guff’s strategy has generated over $1.3 billion in investment proceeds from Brazilian Legal Claims, spanning hundreds of credit-rights across more than 70 transactions.
– The firm has built a network of legal partners, judicial appraisers, and sourcing/operating partners, creating one of the largest transaction funnels for
Legal Claims investment opportunities in Brazil.
– Sean R. MacDonald, Partner and Co-Head of Emerging Markets, noted that BSSF III exceeded its target and received strong support from both existing and new investors.
– Drew Guff, Co-Managing Partner and Chief Investment Officer, highlighted the strategy’s strong performance due to Cesar Collier’s leadership and the São Paulo team’s expertise and relationships.
– Cesar Collier emphasized the fund’s role in bringing long-term institutional capital to Brazil, supporting businesses, creating jobs, and generating tax revenue.
