Every transaction begins with the asset. Capital follows.
The Lagoa Group sponsors and structures large real-asset transactions around durable contracted cash flows.
What we underwrite is the contractual income the asset produces, not the operating business: long-term payment obligations that are contractually committed and substantially insulated from market and demand risk, from a financially strong counterparty, and able to be directed into the transaction vehicle.
Contractual support may take the form of leases, take-or-pay or committed offtake, capacity reservations, availability payments, or contracted power. An ordinary offtake, paid only on delivery, does not qualify; the obligation must be contractually committed rather than dependent on volume or performance. Payments are established under a long-term contractual or regulated framework and are not primarily dependent on market demand or usage, although contractual performance standards and deductions may apply.
Large projects can consume balance sheets long before they create value.
Lagoa structures dedicated, long-duration institutional capital around individual assets and their contracted cash flows, providing an alternative to conventional permanent project leverage, repeated refinancing, corporate dilution, or premature asset sales. Because the capital is supported by your counterparty's credit rather than your own, a company with a modest balance sheet and a strong contract fits well here.
A single capital solution for the defined project requirement: acquisition, construction, CapEx, expansion, stabilization, takeouts, and recapitalization, depending on the transaction.
Capital can support a defined project requirement: acquisition, construction, expansion, takeout, recapitalization, or recycling, depending on the transaction.
Reduce the sponsor capital concentrated in a single asset and preserve capacity for the next project.
The existing owner, developer, or operator can remain invested and continue operating the asset.
Replace recurring refinancing and covenant exposure with capital matched to the life of the asset.
Recycle capital from contracted assets into the next development opportunity and accelerate a multi-project pipeline.
One transaction. One dedicated vehicle. Capital matched to the life of the asset.
Lagoa sponsors transactions deal by deal. Each qualifying asset is independently underwritten and capitalized through a dedicated transaction vehicle.
The permanent capitalization is unlevered at our level: institutional equity is not placed behind permanent senior debt. Existing owners may remain invested, operators can continue operating, and temporary construction or bridge financing may be taken out as part of the permanent capitalization.
No recurring refinancing cycle. No required corporate dilution. No forced change of control.
The strongest transaction rarely means replacing the people who built it. Lagoa works alongside experienced developers, operators, industrial sponsors, and existing owners while leading the transaction structure. We sponsor the transaction: we originate the asset, structure it, form the dedicated vehicle, and bring institutional capital in. Lagoa remains economically aligned with the transactions it sponsors, over the life of the asset.
Lagoa partners with pension funds, insurers, sovereign institutions, and other long-duration investors whose horizons align with the assets we sponsor, and structures transactions alongside institutional partners across markets. Each transaction stands on its own.
The Lagoa Group originates and structures institutional-scale real-asset transactions. We originate opportunities, structure dedicated transaction vehicles, and remain economically aligned alongside long-duration institutional capital and experienced asset operators. Built in São Paulo, with a partner presence in London and a worldwide mandate.
Christopher founded Lagoa on a simple conviction: the hardest part of a real asset is rarely the asset. It is knowing which opportunities are real, structuring ownership that lasts, and bringing the right capital to the table at the right moment.
He leads Lagoa's origination, commercial strategy, and transaction development across infrastructure, energy, industrials, and real estate. Christopher has spent nearly two decades originating and executing across markets and cultures, much of it in Brazil.
Lagoa may pursue select special situations where complexity can be converted into durable, institutional-quality cash flows.
Lagoa may undertake a limited number of strategic advisory mandates where a compelling opportunity falls outside the sponsored structure.
Who is contracted to pay for the asset long term, is the payment contractually committed and insulated from market and demand risk, and how strong is that payer? And how much permanent capital is needed, by when? Where both have credible answers, we should speak.
contact@lagoagroup.com