Investment Policy

HCapital focuses on Iberian lower mid-cap companies with solid business models and growth prospects, broadly exposed to international markets, looking for capital to support growth strategies or sponsor capital replacement and buyout situations.


We look for majority or minority stakes under robust business propositions, well skilled executive teams, and thorough governance models.

Minority or majority stakes, always under adequate corporate governance

Investment ticket starts at EUR 3 million

Buyout, Expansion and Replacement Capital operations always associated with a growth cycle

“HCapital II benefits from the support of (i) the European Union under the Equity Facility for Growth established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020); (ii) the Portugal Growth programme, Fundo de Fundos para a Internacionalização (FFI), managed by Banco Português de Fomento, S.A.; and (iii) the Pan-European Guarantee Fund in response to COVID-19 (EGF), implemented by the EIF with the financial support of the Participating Member States.”


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Our office
Avenida Duque de Ávila, 46, 8o
1050-083 Lisboa
T: +351 219 362 960