Private equity
Online retail platform
Central America
Sponsor-side equity: structuring, capital plan and governance.
Structuring
Bespoke structuring
Structures built around the asset and the investment view behind each transaction.
Independent advisory · Latin America · United States
Institutional rigor in inefficient markets.
Bespoke structuring, debt portfolio optimization and financial risk management, built around the asset rather than a lending template.
One side of the tableA single mandate per transaction
Three service linesAllocation, debt, structured products
Panama · Cayman · BVIOffshore structuring hubs
15 yearsStructuring across Latin America and the US
01 — The Firm
Structural architects for capital
A specialized investment banking and advisory firm built to unlock value where friction is high and complexity is local, connecting institutional capital to high-yield regional opportunities.
Liabilities
Debt portfolio optimization
Liabilities reprofiled by tenor, cash flow, currency and rate to lower the cost of capital and release liquidity.
Risk
Financial risk management
Liquidity, FX, rate and macro risk managed as one system, with structural protections written into every instrument.
Capital providers
Institutional investors, private credit funds, family capital and DFIs seeking risk-adjusted yield in markets they cannot underwrite alone.
- Proprietary, off-market flow
- Independent risk assessment
- Covenant and cash-flow oversight
Inguz
One side of the table, per transaction
The mandate is exclusive by transaction. Loyalty is never split, and no structuring decision is traded against a position on the other side.
Corporate clients
Sponsors, operators and issuers requiring funding that traditional bank-debt paradigms misprice or refuse outright.
- Access to institutional capital
- Bespoke capital-stack design
- Liability and liquidity management
02 — The market reality
Where the friction is
- Rigid underwriting
- Credit assessed against collateral and history, not against contracted cash flow.
- Mispriced risk
- One spread for a whole sector, regardless of structure or seniority.
- Restricted access
- Viable assets go unfunded because no standard product fits them.
The Inguz approach
Alpha is engineered, not selected.
Standard equity and bank-debt models price a sector rather than an asset. Isolating risk through structure creates room for higher risk-adjusted returns. The friction that constrains everyone else is what makes structuring valuable.
Each structure earns the next
01
Identify
Find the friction: the regulatory constraint, the mispriced tranche, the cash flow no standard product will lend against.
02
Engineer
Build the vehicle and capital stack around that asset, setting seniority, tenor, currency and covenants deliberately.
03
Isolate
Ring-fence liquidity and optimize collateral, so the risk that is priced is the risk that is held.
04
Compound
Each executed structure strengthens institutional relationships and brings the next opportunity to us first.
03 — Capabilities
Tailored architecture for complex capital needs
Three service lines, one method: understand the asset, then build the instrument the market is missing.
01
Strategic capital allocation
Capital deployed tactically into opportunities off the broad market's radar. On every allocation mandate we act for the capital provider alone.
- Origination and sourcingOff-market opportunities surfaced through counterparty relationships built transaction by transaction, not screened from a database.
- Independent vettingEach opportunity underwritten on its own cash flows, collateral and jurisdiction, with an explicit view on what could break it.
- Asymmetric positioningDeployment concentrated where the downside is structurally protected and the upside is not capped by the instrument.
- Continuous oversightCapital efficiency tracked and covenants enforced for the life of the exposure, not just to closing.
02
Debt portfolio optimization
A liability profile is an asset in its own right. Re-tranching a capital stack can release more value than the next transaction on the pipeline.
- Restructuring and refinancingCorporate liabilities reprofiled by tenor, currency, seniority and covenant package.
- Yield enhancementRe-tranching and capital-stack optimization so each layer is priced for the risk it carries.
- Liquidity managementBalance-sheet liquidity rebuilt around a maturity ladder, committed contingency lines and a reserve policy sized to the business.
- Dual-currency strategyLocal versus hard-currency funding decided on the cash flows that service it.
03
Bespoke structured products
The assets are real and the cash flows are there. What is missing is an instrument an institution can hold. That instrument is what we build.
- Future receivablesUncontracted future cash flows brought into a vehicle that can be diligenced, rated and priced.
- Forward-flow monetizationOrigination capacity monetized ahead of the cash, with performance triggers protecting the buyer.
- Collateralized vehiclesHard-to-value assets isolated in bankruptcy-remote SPVs, over-collateralized and transparent enough to underwrite.
04 — Risk framework
Institutional safeguards for bespoke opportunities
Alpha is only kept if risk is managed first. Our methodology applies institutional liquidity and risk-management standards to opportunities that are anything but standard.
Dynamic stress testing
Asset resilience tested against macro shocks, liquidity crunches and sovereign volatility, sized to the covenant package rather than a house view.
Liquidity management
Limits, triggers, reserve policy and contingency funding sized before a position is taken.
Structural protections
Seniority, covenants and cash-flow sweeps, so capital preservation never depends on the upside case.
Operational transparency
Reporting and active oversight on all allocated capital, delivered on a fixed calendar rather than on request.
A ladder, not a memo
- 01StressShocks applied before pricing: rates, FX, offtake, demand and sovereign volatility, each sized to the structure proposed.
- 02ProtectFindings translated into instrument terms (seniority, covenants, reserve accounts, sweeps) before signing.
- 03MonitorHeadroom, liquidity and covenant compliance tracked continuously, so a breach is forecast well in advance.
- 04RecalibrateEvery realized outcome feeds the models, tightening the next underwriting and the next structure.
Exposure narrows at every gate. Nothing is priced before it is protected.
05 — Footprint
Where the opportunity is, and where it is structured
Coverage reflects jurisdictions of executed, advised and managed work.
Origination
Central America and the Caribbean
Sponsor investment in consumer and digital commerce platforms; energy, leveraged finance and project finance across the region.
Structuring hubs
Panama, Cayman Islands, BVI
Holding, financing and asset-isolation vehicles for cross-border capital.
Risk management
Southern Cone and Andean markets
FX and interest-rate risk managed for corporates and portfolios, alongside cross-border structuring and local-currency instruments.
Reference market
United States
US equity mandates managed and operated directly. That presence sets the cost-of-capital benchmark every regional structure is priced against.
06 — Experience
Representative transaction experience
Breadth across the capital structure and across the region.
Energy
Utility-scale solar
Dominican Republic
Financing structure, offtake and construction-risk allocation.
Energy
Geothermal development
El Salvador
Development-stage resource asset: capital structure and risk framing.
Leveraged finance
QSR platform buyout
Dominican Republic
Acquisition financing, then post-close liability management.
Structuring
Offshore vehicles
Panama · Cayman · BVI
Holding and financing structures for cross-border capital.
Capital markets
Local-market instruments
Latin America
Local-currency structures with the risk framework attached.
Project finance
Cold-chain logistics
Dominican Republic
Temperature-controlled storage and distribution infrastructure.
Risk management
FX and rate exposure
Southern Cone
Currency and interest-rate risk managed across portfolios.
Representative of the team's transaction experience across market cycles. Client, sponsor and counterparty names withheld; detail available under NDA.
07 — Leadership
Institutional DNA
Fifteen years across emerging-markets credit trading, structuring and complex liquidity frameworks, built at top-tier global financial institutions.
Gustavo Cartagena
Founder & Managing Director
Fifteen years structuring tailor-made financing and investment solutions across Latin American and US markets. Leads capital structuring, cross-border vehicle design and every mandate at decision level.
Emerging-markets credit tradingDesk-level experience across corporate and sovereign credit: the instruments, the liquidity conditions and the price at which risk clears.
Analytics as a structuring toolMulti-variable scenario models anchored on US listed data, paired with banking judgement rather than substituted for it.
Senior attention by designCapacity-constrained on purpose. The people who structure the transaction are the people in the room.
08 — Contact
We welcome the opportunity to connect.
Tell us which side of the table you sit on and what you are structuring. A senior member of the team replies directly.