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ActiveCap - Capital Partners

ActiveCap - Capital Partners, based in Lisbon, is a CMVM-regulated Portuguese fund manager listed on Movingto Funds. Operating in Portugal as ActiveCap - Capital Partners, the firm is connected to the fund profiles shown below for directory and due-diligence research. Each fund should be reviewed on its own profile for current verification status, CMVM details, Golden Visa eligibility basis, and source documentation before any decision is made.

ActiveCap has been managing investment funds in Portugal since 1998 and was officially launched in 2018 following a spin-off from Millennium BCP. The firm focuses on Portuguese mid-market companies and private equity opportunities with strong fundamentals, adopting a fundamentally driven, sector-agnostic and cycle-agnostic investment approach.

2
Total Funds
Multi-Strategy Manager
Primary Strategy
SCR profile
Profile Status

About ActiveCap - Capital Partners

ActiveCap’s team has been managing investment funds in Portugal since 1998 and officially launched the firm in 2018 following a spin-off from Millennium BCP. The firm is guided by a strong and disciplined investment philosophy focused on Portuguese mid-market companies and private equity opportunities with solid fundamentals. Its investment approach is fundamentally driven, grounded in in-depth research and rigorous analysis of each company’s intrinsic value.

ActiveCap - Capital Partners funds and fees at a glance

Fund-reported terms for every ActiveCap - Capital Partners fund listed on Movingto Funds. Where a figure is not disclosed by the fund, it is shown as not disclosed.

Fund Status Category Min. investment Management fee Performance fee Subscription fee Redemption fee Golden Visa
Alpha Fund
Open
Private Equity €100,000 2% 20% 2% None
GV eligible
Corporate Bond Fund
Open
Credit €100,000 1.5% None 1.5% 3%
GV eligible

Figures are reported by each fund and shown for research. Review each fund profile for current terms, verification status, and source documents before any decision.

Open Opportunities

Currently accepting new investments

A-

Alpha Fund

Open
Data reviewed Apr 17, 2026
Private Equity

The Alpha Fund is a private equity fund focused on special situations. Its primary objective is to invest in companies with sound business models but distressed balance sheets, typically resulting from external events that have impacted their financial structure in recent years. The fund is currently open for subscription and is eligible for the Golden Visa programme, offering investors both attractive return potential and residency benefits.

ISIN: PTAAPPIM0000CMVM: 2181Min: €100,000Mgmt: 2%
Min. Investment€100,000
Lock-up Period10 years
RedemptionNot Available
Fees:2%Mgmt·20%Perf
A-

Corporate Bond Fund

Open
Data reviewed Jul 13, 2026
Credit

The Corporate Bond Fund (CBF) is an open-ended fund focused on capital preservation and income generation. It is built on a core principle of risk mitigation through diversification, spanning across security types, maturities, and sector allocations. The fund offers weekly subscriptions and redemptions, with no performance fees, ensuring flexibility and cost transparency for investors. The CBF reflects ActiveCap’s commitment to transparent, disciplined, and risk-conscious portfolio management. It aims to deliver stable mid-single-digit returns while minimizing volatility and preserving capital. The CBF is currently open for subscription and eligible for the Golden Visa Programme.

ISIN: PTAAPQHM0000, PTAAPSHM0008, PTAAPRHM0009CMVM: 2273Min: €100,000Mgmt: 1.5%
Min. Investment€100,000
Risk ProfileConservative Risk
RedemptionWeekly
Fees:1.5%Mgmt·NonePerf

ActiveCap - Capital Partners track record

Figures below are reported by the funds themselves. Past performance does not guarantee future results.

2025
Earliest fund inception
1
Fund with reported returns
Fund Reported annual returns
Corporate Bond Fund 2026-06: 0.3%

Funds Managed by ActiveCap - Capital Partners

Public fund profiles associated with ActiveCap - Capital Partners. Review each fund's own profile for Golden Visa eligibility basis and verification status.

  • Alpha Fund— The Alpha Fund is a private equity fund focused on special situations.
  • Corporate Bond Fund— The Corporate Bond Fund (CBF) is an open-ended fund focused on capital preservation and income generation.

ActiveCap - Capital Partners regulatory and legal details

Identifiers below can be checked against the official registers they link to. The CMVM is Portugal's securities regulator; registration means supervision, not an endorsement or a guarantee.

Entity type
SCR
Fund CMVM ID ISIN Auditor Custodian
Alpha Fund 2181 PTAAPPIM0000 Oliveira, Reis & Associadors, SROC, Lda Banco Carregosa
Corporate Bond Fund 2273 PTAAPQHM0000, PTAAPSHM0008, PTAAPRHM0009 Forvis Mazars Bison Bank, S.A.

Team

AP
Investor Relations

Antea Pandolfi is Investor Relations at ActiveCap, a private equity firm based in Portugal. She manages relationships with investors and partners,...

Contact & Regulatory Information

Connect With Us

Contact Details

Location
Lisbon, Portugal

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