
Meet our Team
Learn more about the BTG Pactual Private Capital team.
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About us
We have a team specialized in Private Capital, composed of professionals dedicated to analyzing funds, portfolio companies, and new opportunities. In addition to the Investment Team, our structure includes an Investor Relations Team that maintains close relationships with investors, provides the necessary support and ensures the delivery of high-quality materials. We also have a dedicated Operations and Structuring Team that supports day-to-day activities and transaction execution. Today, we operate across several sectors, with a presence in Latin America and other global markets.
Timeline
2005
Vintage I: FIP Brazil Energy
Launched in 2005, FIP Brazil Energy was one of the first funds in Brazil focused on the development of energy generation and transmission projects.
2011
Infrastructure Franchise
After serving as a Senior Investment Officer for Infrastructure at the Inter-American Development Bank (IDB), Renato Mazzola became responsible for the BTGP infrastructure franchise.
2012
Co-investment Vallvidrera & Cadí Tunnels
Seeking opportunities in the global market, the team invested in a road infrastructure asset in Spain, generating a return of 3x the invested capital.
2013
Vintage II: BTG Pactual Infrastructure II
We raised the first infrastructure fund managed by Renato Mazzola. The local vehicle returned more than 4x the invested capital.
2015
Vintage III: BTG Pactual Chile Infrastructure FI
The Investment Team was selected by the largest pension funds in Chile to manage a fund with assets in Chile and Bolivia.
2016
Private Equity Franchise
Renato Mazzola took over the Private Equity division at BTG Pactual, replacing the previous team with the goal of improving the franchise's performance.
2018
Learn moreVenture Capital franchise
The team launched its Venture Capital strategy through proprietary investments and the startup accelerator program, Boostlab.
2020
Vintage IV: BTG Pactual FIP Vulcan
The fund was structured as a proprietary vehicle focused on consolidation, operational optimization, and value creation in thermoelectric assets in Brazil.
2020
Vintage V: BTG Pactual Real Economy
The Investment Team launched a new Private Equity franchise, raising R$ 1.4 billion. The fund focuses on investing in resilient sectors of the real economy.
2020
Learn moreVintage VI: BTG Pactual Infrastructure Dividends
We raised R$ 827 million through a new infrastructure strategy. The FIP-IE became the listed fund that distributed the highest dividends in 2021, 2022, 2023 and 2024.
2021
Learn moreVintage VII: BTG Pactual Impact Investments
We launched a strategy focused on generating positive environmental and social impact alongside strong financial returns.
2021
Co-investment V.tal
We established a co-investment vehicle for V.tal with local and international investors, representing one of the largest digital infrastructure transactions in Latin America.
2021
Co-investment Beontag
A co-investment vehicle was raised for Beontag, a multinational company specializing in adhesive labels and RFID solutions.
2022
Vintage VIII: BTG Pactual Real Economy II
We raised the second fund of the Real Economy franchise, continuing the strategy of investing in resilient sectors of Brazil's real economy. A total of R$ 1.6 billion was raised.
2022
Learn moreBTG Pactual FIA Listed Opportunities
We launched a strategy that applies our recognized Private Equity approach to publicly traded companies. With a target return of IPCA + 20%, the fund remains open for investment.
2023
Vintage IX: BTG Pactual Infrastructure III
We launched a new infrastructure fund aligned with the guidelines of the franchise's previous vehicle, featuring diversified operations across Brazil's main sectors. Approximately R$ 1.7 billion was raised.
2024
Grande Sertão Co-Investment
We launched a new co-investment vehicle to invest in Grande Sertão, with the objective of building and operating three transmission line projects awarded in the ANEEL auction.
2025
Cosan Co-investment
Investment in Cosan, one of the largest business groups in Brazil, which includes five subsidiaries: Rumo, Compass, Moove, Radar and Raízen – all leaders in their respective segments.
Global presence
We have a diversified portfolio with a presence in Latin America, Europe, Asia and North America.

Invested assets
Below are the assets that make up our Private Capital portfolio, selected based on rigorous analysis criteria and aligned with our investment strategies.



















































Private Capital Team
Meet the professionals who make up our team.

Renato Mazzola
Managing Partner of BTG Pactual, Head of Infrastructure, Private Equity, Impact Investments and Venture Capital, and member of the firm's Operating Committee. Former Senior Investment Officer in the Infrastructure Division at the Inter-American Development Bank (IDB) and former professional at JPMorgan Chase, with 27 years of experience.
Investment Team

Rodrigo Alves
Managing Director PartnerFormer COO of the illiquid assets area at BTGP, with 21 years of experience.

Daniel Epstein
PartnerFormer Equity Research at BTG and Morgan Stanley, with 16 years of experience.

João Sá
PartnerFormer professional in Credit and Structuring at BTGP, with 17 years of experience.

Michael Timmermann
PartnerFormer CBDO of Latin America Power (portfolio company), with 18 years of experience.

Kauê Silva
PartnerFormer Investment Banking professional at Banco Fator, with 12 years of experience.

Barne Laureano
Executive DirectorFormer founding partner of LM Engenharia, with 50 years of experience.

João Moreno
Executive DirectorFormer executive Citigroup and Rio Bravo Investimentos, with 21 years of experience.

Thiago Sendelbach
Executive DirectorFormer executive at BNP Paribas and Dresdner Bank executive, with 24 years of experience.

Matteus Marchioni
Executive DirectorFormer Private Equity executive at Southern Cross Group, with 9 years of experience.

Gabriela Lima
DirectorFormer Wealth Management executive at BTG Pactual and Exame, with 11 years of experience.

Victor Santini
Associate DirectorEngineering graduate from the State University of Campinas (Universidade Estadual de Campinas), with 5 years of experience.

Marcelo Lefevre
Associate DirectorGraduated in Environmental Engineering from the Polytechnic School of the University of São Paulo (Escola Politécnica da USP), with 4 years of experience.

Arthur Haj
AnalystBachelor's degree in Business Administration from Insper, with 3 years of experience.

João Pedro Coelho
AnalystEconomics student at Insper, with 1 year of experience.

Bruno Sicherle
InternEconomics student at Insper, with 1 year of experience.

Matias Cury
InternBusiness Administration student at Fundação Getulio Vargas, in his first year of experience.

Luiz Nascentes
InternEngineering student at Universidade Federal de Minas Gerais, in his first year of experience.
Investor Relations Team

Bernardo Guimarães
PartnerFormer Head of Institutional Distribution, with 16 years of experience.

Vanessa Dayan
DirectorDirector of Investor Relations. She holds a degree in Business Administration from the Fundação Getulio Vargas and has 6 years of experience.

Victor Silveira
Associate DirectorGraduated in Business Administration from the Fundação Getulio Vargas, with 4 years of experience.

Patricia Watts
Associate DirectorGraduated in Business Administration from the University of York, with 17 years of experience.

Marlyn Picciotto
AnalystGraduated in Business Administration from the Fundação Getulio Vargas, with 2 years of experience.

Marina Dantas
AnalystGraduated in Public Administration from the Fundação Getulio Vargas, with 2 years of experience.
Operation and Structuring Team

Erick Arruda
Former COO of the Liquids and Commodities Area at BTGP, with 16 years of experience.

Anna King
Bachelor's degree in Production Engineering from the Pontifical Catholic University of Rio de Janeiro (PUC-Rio), with 5 years of experience.

João Botelho
Mechanical Engineering student at Poli-USP, in his first year of experience.

Contact
For more information about Private Capital, access the form and wait for our team to contact you.