#United States #New York #Siguler Guff #Brazil Fund #BSSF III

Siguler Guff Raises $439 Million for Brazil Special Situations Fund III

On October 1, 2025, Siguler Guff & Company, LP, a prominent global private markets investment firm managing over $17 billion in assets, announced the successful closing of the Siguler Guff Brazil Special Situations Fund III (BSSF III). This fund garnered approximately $439 million, surpassing its original fundraising goal of $350 million.

The fund amount includes $415 million in commitments and an additional $23.7 million raised through a parallel local currency vehicle, showcasing a robust interest from investors. The BSSF III continues Siguler Guff's dedication to its Brazilian Legal Claims strategy, which focuses on structured credit investments associated with legal claims against public entities in Brazil.

Investment Focus and Strategy

Siguler Guff's approach in this sector is particularly unique. The firm serves as a capital solutions provider, assisting corporations and individuals requiring liquidity through structured credit investments in legal claims. Such investments are notable for their tendency to operate independently of broader economic conditions, offering a distinct asset class for investors.

Leading the fund's strategy is Cesar Collier, Partner and Head of Latin America, supported by a seasoned team with a cumulative experience of over 100 years in navigating Brazil's complex legal framework. Siguler Guff’s local presence in Brazil, established through its São Paulo office since 2011, has been essential in maintaining strong relationships within the legal community.

Since the inception of its legal claims strategy, Siguler Guff has succeeded in generating over $1.3 billion in investment proceeds, reflecting its deep expertise and a strong track record. With exposure to hundreds of underlying credit rights from over 70 closed transactions, Siguler Guff boasts a vast network of expert judicial appraisers and sourcing partners, creating one of the most extensive pipelines for legal claims investment opportunities in Brazil.

Recognition and Performance

BSSF III follows the success of its predecessor, the Siguler Guff Brazil Special Situations Fund II (BSSF II), which was recognized by Preqin as among the top 10 best-performing private debt funds globally based on net IRR for the 2017–2022 vintage. As of the first quarter of 2025, BSSF II also ranked in the top quartile for capital distribution versus paid-in capital, according to benchmarks from Cambridge Associates.

Sean MacDonald, Partner and Co-Head of Emerging Markets at Siguler Guff, expressed satisfaction with the fund's performance, emphasizing the firm's commitment to delivering strong returns, fueled by overwhelming support from existing and new investors. Drew Guff, Co-Managing Partner and Chief Investment Officer, noted the critical role of their São Paulo team in building lasting relationships and driving investment success.

Cesar Collier commented, "We are dedicated to bringing long-term institutional capital to Brazil and proud of the tangible benefits our investments generate, including job creation and increased tax revenue for the economy."

The private equity sector continues to show confidence in Siguler Guff's strategies as the company maintains its proactive roles in legislative dialogues and key judicial decisions shaping the asset class in Brazil.

Overall, Siguler Guff's commitment to enhancing its Brazilian operations while fostering robust investor relationships underscores its strategic importance in the private markets landscape, making BSSF III a significant move in its ongoing investment endeavors.

About Siguler Guff

Founded in 1991 and headquartered in New York, Siguler Guff is a multi-strategy private markets investment firm with a proven track record of capital management and investment success. With offices across key global markets, the firm continues to target niche areas with high growth potential, further solidifying its standing in the investment community.