Mubadala Capital Brazil operates with a top-tier local investment team that has been actively investing in Brazil since 2012. 
 
We have cultivated a systematic approach to identifying investment opportunities where our unique skill set for creative problem solving allows the team to untangle any underlying complexity and generate value for our investors.

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Mubadala Capital closes its second successful Fund in Brazil with over $710 million of Commitments

Mubadala Capital and Petrobras Sign Memorandum of Understanding to Explore Cooperation Opportunities in Biofuel Project in the State of Bahia

Mubadala Capital concludes investment into Americas Trading Group 

CERC completes round of up to USD 100 million led by Mubadala Capital

Mubadala Capital announces acquisition of controlling stake in Medicina UniFTC Salvador and Unesulbahia

Mubadala Capital Holds a Successful Final Close on its First Investment Fund in Brazil

Mubadala Capital Takes Control of the Mataripe Refinery in Bahia

News

The team is comprised of highly experienced investment professionals based in Rio de Janeiro who have significant international experience that is supported by postgraduate educations from leading business schools across the United States and Europe.

Mr. Fahlgren joined Mubadala Investment Company in 2010 and has held multiple senior roles in the organization. He is currently the Chief Investment Officer and Head of Brazil for Mubadala Capital, a wholly owned asset management subsidiary of Mubadala Investment Company. 
 
Mr. Fahlgren led Mubadala's investment into the EBX group as well as all subsequent related restructuring work and acquisitions. Prior to joining Mubadala, Mr. Fahlgren was an Associate Director with Terra Firma Capital Partners in London. 
 
Mr. Fahlgren received his Master of Laws (LLM) from Uppsala University, Sweden.

Oscar Fahlgren

Sergio Carneiro joined Mubadala in 2019 and is the Executive Director. Prior to joining Mubadala, Mr. Carneiro was a Director for The Carlyle Group in Brazil, where he sourced and invested in several transactions across multiple sectors. Previously, he was an investment professional at GP Investments and a consultant at McKinsey. Mr. Carneiro has over fourteen years of experience in Private Equity in the region and has served on the board of multiple companies. 
 
Mr. Carneiro holds an MBA with Honors from The Wharton School at the University of Pennsylvania and an undergraduate degree in Industrial Engineering from UFRJ.

Sergio Carneiro

Leonardo Cunha joined Mubadala in 2016 and is a Senior Principal. Prior to joining Mubadala, Mr. Cunha was an associate in the Investment Banking division of Goldman Sachs where he was part of the Goldman Sachs team advising Mubadala on its investment in EBX group and involved in assignments related to the subsequent restructuring of the investment.&nbsp; Before that, Mr. Cunha worked on the investment banking teams of Credit Suisse and Deutsche Bank in Brazil.&nbsp; 
 
Mr. Cunha holds an MBA from MIT Sloan School of Management and an undergraduate degree in business from FGV-EAESP in Sao Paulo, Brazil.

Leonardo Yamamoto

Breno Nakai joined Mubadala in 2016 and is a Director. Prior to joining Mubadala, Mr. Nakai was an investment professional at Amaro Participações where he was responsible for analyzing public and private opportunities within the Brazilian market.&nbsp; Before that, he worked on the M&amp;A team of Itaú Unibanco and the Corporate Finance team of Deloitte Consulting.&nbsp; 
 
Mr. Nakai holds an MBA from The Wharton School of the University of Pennsylvania and an undergraduate degree in Business from Universidade de Sao Paulo (USP) in Brazil.

Breno Nakai

Ricardo Paes joined Mubadala in 2016 and is the Strategic Relations Director. Prior to joining Mubadala, Mr. Paes was head of the private equity arm of Modal Investimentos, a leading Brazilian asset manager, and focused on investments in the oil and gas. Prior to joining Modal, Mr. Paes was the CFO of LLX-Minas Rio (currently Prumo), a port operator, and Brasbunker, an oil field services company. In addition, he has significant experience in corporate restructuring through his prior role as Senior Director at Alvarez &amp; Marsal. 
 
Mr. Paes holds an undergraduate degree in Business from Pontifícia Universidade Católica do Rio de Janeiro.

Ricardo Paes

Renan Andrade joined Mubadala in 2019 and is a Senior Principal. Prior to joining Mubadala, Mr. Andrade was a consultant at McKinsey &amp; Company, responsible for analyzing positioning, strategy, markets, and acquisitions. In addition, he has worked as an analyst at GP Investments (São Paulo) and an associate at The Abraaj Group (Mexico City), responsible for origination, analysis, execution, and monitoring of illiquid investments with the infrastructure team. 
 
Mr. Andrade holds an MBA from The Wharton School at the University of Pennsylvania, a Master’s in International Studies (MA) from the University of Pennsylvania (Lauder) and an undergraduate degree in International Relations from Universidade Federal do Rio Grande do Sul (UFRGS).

Renan Andrade

Leonardo Cunha

Victor Bosca joined Mubadala Capital in 2021 and is a Senior Associate. Mr. Bosca joined from Bank of America’s investment banking division in London, where he worked within EMEA’s Natural Resources Group. Before that, he worked in the investments team of AG Participações in Brazil and, previously, for Procter &amp; Gamble. 
 
Mr. Bosca holds an MBA from London Business School and an undergraduate degree in Industrial Engineering from Universidade do Estado do Amazonas in Brazil with an exchange at Universidad de Castilla-La Mancha in Spain.

Victor Boscá

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Leonardo Finkler

Julia Maffei joined Mubadala Capital in 2023 and is a Senior Associate. Prior to joining Mubadala, Ms. Maffei was an Associate at L Catterton’s LatAm Fund and before that she worked as an Associate at Temasek’s Sao Paulo office. 
 
Ms. Maffei holds an undergraduate degree in Business Administration from FGV – Fundação Getúlio Vargas.

Julia Maffei

Andre Ramos joined Mubadala in 2021 and is a Senior Associate. Prior to joining Mubadala, Mr. Ramos was an investment banker with J.P. Morgan and a consultant with McKinsey &amp; Company. 
 
Mr. Ramos holds an MBA from the Wharton School at the University of Pennsylvania, an MPA from Harvard, and an undergraduate degree in Engineering from Instituto Militar de Engenharia. 
 
&nbsp;

Andre Ramos

Matheus Rossetto joined Mubadala Capital in 2022 and is a Senior Associate. Prior to joining Mubadala, Mr. Rossetto was Chief Transformation Officer at Patria and before that, he worked as an Engagement Manager at McKinsey in the Chicago and São Paulo offices. 
 
Mr. Rossetto holds an MBA from Harvard Business School and an undergraduate degree in Electrical Engineering degree from Federal University of Santa Catarina.

Matheus Rossetto

Marcelo Timm joined Mubadala in 2019 and is a Principal. Prior to joining Mubadala, Mr. Timm was an analyst in the Investment Banking division of J.P. Morgan in New York and Sao Paulo. 
 
Mr. Timm holds an undergraduate degree in Finance and Economics from McIntire School of Commerce at the University of Virginia.

Marcelo Timm

Gustavo Xavier joined Mubadala Capital in 2022 and is a Senior Associate. Prior to joining Mubadala, Mr. Xavier successfully led the start-up VOA Hotels as CFO through the pandemic years. Before that, he spent 7 years in the Investment Banking and Equity Research industry at Lazard and SPX Capital. 
 
Mr. Xavier holds an undergraduate degree in Mechatronic Engineering from the Federal University of Rio de Janeiro.

Gustavo Xavier

Our Team

Mubadala Capital Brazil invests in a wide range of assets where there is some level of complexity or distress that enables an attractive entry point

Brazil | Mubadala Capital

A diverse portfolio of assets in sectors such as Infrastructure, Sports &amp; Entertainment and Energy

Rota das Bandeiras is a key highway in the state of São Paulo that runs for 297 kilometers and serves 17 municipalities and approximately 90 million vehicles annually. It was ranked as the best highway in Brazil by the National Transport Confederation in 2019.

Rota das Bandeiras

Acelen owns and operates the Matripe Refinery and its associated logistics assets, located in Bahia, Brazil. Mataripe has 302kbpd of capacity, the equivalent of c. 14% of Brazil’s refining capacity, and 3.7m bbl of crude oil storage. Facilities include an associated logistics complex with 669km of pipelines and 3.9m bbl of refined product storage capacity.

Acelen

<h1>Acquiring high-quality assets in situations of complexity or distress in Brazil, and creating immediate value by virtue of new ownership and capital structures</h1>

The Mubadala Capital Brazil team employs an integrated investment approach, capitalizing on over 10 years of experience, strategically designed to take advantage of attractive investment opportunities in the Brazilian market. 
 
The investment program has been driven by the following key principles: 
 
<ul> 
	<li>Focus on opportunities across the capital structure that are driven by financial strain, distress or complexity.</li> 
	<li>Employ a contrarian approach seeking attractive entry prices.</li> 
	<li>Immediate alpha generation at the time of asset acquisition by virtue of new capital structure and ownership.</li> 
	<li>Value-oriented investment strategy with a focus on financial improvements and value creation opportunities.</li> 
</ul> 
 
Large institutional quality assets are also evaluated along with structured debt transactions in certain circumstances.

Investment Approach

Mubadala Capital Brazil seeks to invest across multiple sectors. We typically target companies with aggregate investment requirements of $50 million to $200 million, with the ability to exceed such amounts in certain instances.

Acquiring high-quality assets in situations of complexity or distress in Brazil, and creating immediate value by virtue of new ownership and capital structures

About Brazil

Our Strategy

Our Team

Oscar Fahlgren

Oscar Fahlgren

Sergio Carneiro

Sergio Carneiro

Leonardo Yamamoto

Leonardo Yamamoto

Breno Nakai

Breno Nakai

News

Mubadala Capital closes its second successful Fund in Brazil with over $710 million of Commitments

Mubadala Capital and Petrobras Sign Memorandum of Understanding to Explore Cooperation Opportunities in Biofuel Project in the State of Bahia

Mubadala Capital concludes investment into Americas Trading Group

CERC completes round of up to USD 100 million led by Mubadala Capital

Mubadala Capital announces acquisition of controlling stake in Medicina UniFTC Salvador and Unesulbahia

Mubadala Capital Holds a Successful Final Close on its First Investment Fund in Brazil

Mubadala Capital Takes Control of the Mataripe Refinery in Bahia

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