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Bocaina is an asset management firm dedicated to alternative assets in Brazil. We offer investment products with differentiated risk-return profiles and inflation-protected returns to institutional and individual investors seeking exposure to quality local assets.

 

Our focus is Infrastructure and Structured Credit.

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Experience in originating, structuring and managing infrastructure investments.

Bocaina Capital is led by founders with two decades of experience in financial markets and extensive exposure to structured credit. Their backgrounds combine asset management, investing and infrastructure project financing.

Bocaina’s Founders

Miguel Gomes Ferreira

Founder and Managing Partner
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Miguel has 25 years of experience in private equity, asset management and investment banking. Before founding Bocaina, he was CEO of Santander Brasil Asset Management, where he established the alternative investments business, covering infrastructure and real estate. Previously, he was a partner and CEO at Tarpon Investimentos and served on the boards of several companies, including Omega Energia, now Serena Energia, and Somos Educação, Brazil’s largest primary education company. Before that, he spent 10 years in investment banking. He holds a degree in Business Administration and an MBA from London Business School.

Miguel Gomes Ferreira

Founder and Managing Partner
Linkedin

Miguel has 25 years of experience in private equity, asset management and investment banking. Before founding Bocaina, he was CEO of Santander Brasil Asset Management, where he established the alternative investments business, covering infrastructure and real estate. Previously, he was a partner and CEO at Tarpon Investimentos and served on the boards of several companies, including Omega Energia, now Serena Energia, and Somos Educação, Brazil’s largest primary education company. Before that, he spent 10 years in investment banking. He holds a degree in Business Administration and an MBA from London Business School.

Gabriel Esteca

Co-founder and Head of Infrastructure
Linkedin

Gabriel has 15 years of experience in Brazil’s infrastructure sector. Before joining Bocaina, he established and led the infrastructure investment practice at Santander Asset Management, launching two infrastructure debt funds. He also served as Senior Vice President in Banco Santander’s Project Finance team, covering a wide range of sectors and projects and leading advisory and structuring services for some of Brazil’s most significant infrastructure projects. Earlier in his career, Gabriel worked in technology infrastructure consulting, helping major telecommunications operators migrate their networks to 4G. He holds a degree in Electrical Engineering from the Polytechnic School of the University of São Paulo and is a certified fund manager under Brazilian regulations (CVM/ANBIMA CGA).

Gabriel Esteca

Co-founder and Head of Infrastructure
Linkedin

Gabriel has 15 years of experience in Brazil’s infrastructure sector. Before joining Bocaina, he established and led the infrastructure investment practice at Santander Asset Management, launching two infrastructure debt funds. He also served as Senior Vice President in Banco Santander’s Project Finance team, covering a wide range of sectors and projects and leading advisory and structuring services for some of Brazil’s most significant infrastructure projects. Earlier in his career, Gabriel worked in technology infrastructure consulting, helping major telecommunications operators migrate their networks to 4G. He holds a degree in Electrical Engineering from the Polytechnic School of the University of São Paulo and is a certified fund manager under Brazilian regulations (CVM/ANBIMA CGA).

Established Expertise in Infrastructure

Our team brings together professionals with experience in fund management, private credit and financing structures. Their backgrounds at banks, asset management firms and infrastructure companies enable the team to combine financial expertise with practical experience in project development.

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Fund Target Investors Redemptions Monthly Return Year 12-Month Return Inception Date Net Assets
General Public Exchange-Listed

Investment Objective

Bocaina Infra is a fixed-income private credit fund that seeks capital appreciation through investments in fixed-income securities, primarily tax-incentivized infrastructure debentures, as well as capital gains from trading these securities.

 

Target Return:

1.5% to 2.5% per year above the reference NTN-B yield.

Available Through:

Your preferred online brokerage platform.

Learn More
Performance Chart
  • 12M
  • 24M
  • 36M
  • Since Inception
General Public Exchange-Listed

Investment Objective

Bocaina Infra CDI is a fixed-income private credit fund that seeks capital appreciation through investments in fixed-income securities, primarily tax-incentivized infrastructure debentures, as well as capital gains from trading these securities. The fund hedges its portfolio to seek returns linked to the CDI rate.

Target Return:

CDI + 1% to 2% per year.

Available Through:

Your preferred online brokerage platform.

Learn More
Performance Chart
  • 12M
  • 24M
  • 36M
  • Since Inception
General Public D+60

Investment Objective

Bocaina Infra D60 CDI is a fixed-income private credit infrastructure fund (FI-Infra) available to the general public, with a focus on individual investors. It targets an annual return of CDI + 0.5% to 1.5%, net of fees.

To achieve this objective, it invests primarily in tax-incentivized infrastructure debentures, combining liquid market securities with exclusive issuances. The fund uses DAP contracts for hedging and has a D+60 redemption period.

Minimum Investment:

R$100.00

Available Through:

XP, BTG and Itaú.

Learn More
Performance Chart
  • 12M
  • 24M
  • 36M
  • Since Inception
General Public D+60

Investment Objective

Bocaina Infra D60 IPCA is a fixed-income private credit infrastructure fund (FI-Infra) available to the general public, with a focus on individual investors. It targets an annual return of 0.5% to 1.5% above the NTN-B yield, net of fees, with a portfolio consisting primarily of inflation-linked assets.

To achieve this objective, it invests primarily in tax-incentivized infrastructure debentures, combining liquid market securities with exclusive issuances. The fund has a D+60 redemption period.

Minimum Investment:

R$100.00

Available Through:

XP, BTG and Itaú.

Learn More
Performance Chart
  • 12M
  • 24M
  • 36M
  • Since Inception
General Public D+60

Investment Objective

Bocaina Infra D60 Institucional is a fixed-income private credit infrastructure fund (FI-Infra) designed for institutional investors, with a focus on closed pension funds (EFPCs). The fund complies with Resolution 4,661.

It targets an annual return of 1.0% to 2.0% above the NTN-B yield, net of fees, with a portfolio consisting primarily of inflation-linked assets. To achieve this objective, it invests primarily in tax-incentivized infrastructure debentures, combining liquid market securities with exclusive issuances. The fund has a D+60 redemption period.

Minimum Investment:

R$100.00

Available Through:

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Performance Chart
  • 12M
  • 24M
  • 36M
  • Since Inception
General Public Registered with CETIP

Investment Objective

Bocaina Incentivadas is a fixed-income private credit fund that seeks capital appreciation through investments in fixed-income securities, primarily tax-incentivized infrastructure debentures, as well as capital gains from trading these securities.

Target Return:

1.5% to 2.5% per year above the reference NTN-B yield.

Co-manager:

EQI Gestão de Recursos

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Performance Chart
  • 12M
  • 24M
  • 36M
  • Since Inception
General Public Registered with CETIP

Investment Objective

Bocaina Infra DI Renda Mais is a fixed-income private credit fund that seeks capital appreciation through investments in fixed-income securities, primarily tax-incentivized debentures, as well as capital gains from trading these securities.

Target Return:

CDI + 2% per year.

Fund Term:

6 years

Learn More

Performance Chart
  • 12M
  • 24M
  • 36M
  • Since Inception

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