Fortitude Capital
Fortitude Capital is a Lisbon-based, CMVM-regulated private equity firm focused on special situations and value-driven investments in Portugal. As a Sociedade de Capital de Risco (SCR), the firm invests in opportunities that have valuable assets and are complicated to manage, aiming for strong returns by actively managing investments, carefully handling risks, and creating value through direct involvement.
About Fortitude Capital
Fortitude Capital is an independent Portuguese private equity manager authorised and supervised by the Comissão do Mercado de Valores Mobiliários (CMVM). As a Sociedade de Capital de Risco (SCR), the firm is set up to manage regulated investment funds and invest in stocks, loans, and mixed financial products in Portugal.
Open Opportunities
Currently accepting new investments
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Fortitude Portugal Special Situations II is a CMVM-regulated private equity fund focused on special situations across Portugal and Iberia. Backed by institutional partners and led by former Goldman Sachs leadership, the fund targets event-driven opportunities in industries from energy to hospitality. It aims for 15–20% net returns while remaining eligible for Portugal’s Golden Visa program.
Key Highlights
CMVM-regulated private equity manager
Authorised as Sociedade de Capital de Risco (SCR), Fortitude Capital operates under full CMVM supervision, allowing it to manage regulated private equity funds within the EU framework.
Special situations and flexible capital mandate
The firm is set up to invest in stocks, loans, and mixed types of investments, allowing for customised solutions for complicated or changing assets instead of just focussing on steady growth strategies.
Strong focus on asset-backed and real-economy investments
Portfolio activity reflects a preference for tangible sectors such as renewable energy, senior living infrastructure, and consumer platforms with operational depth.
Golden Visa–aligned fund structures
Selected funds are designed to meet Portugal’s residence-by-investment requirements, making the firm accessible to non-EU investors seeking regulated exposure to the Portuguese market.
Experienced leadership with international banking pedigree
The management team brings senior experience from global financial institutions and Portuguese asset management, supporting disciplined underwriting and institutional governance.
Hands-on value creation approach
Fortitude Capital actively engages at the board and operational levels, focussing on governance, capital structure optimisation, and execution rather than passive ownership.
Proprietary deal sourcing through local networks
An extensive advisory and industry network in Portugal supports off-market transactions and complex restructurings that are less accessible to generalist funds.
Integration of ESG and sustainability considerations
Investment assessment and portfolio management incorporate environmental, social, and governance factors, aligning with EU sustainability disclosure standards.
Team
Alexandre Câmara e Silva is a Partner at Fortitude Capital and a member of its Investment Committee. He brings extensive experience in special...
António Esteves is the Founder and CEO of Fortitude Capital, bringing over two decades of experience in international financial markets. Prior to...
Duarte is a legal advisor with international experience supporting private equity, venture capital, and investment funds, with a background in...
Edwyn Neves is a Partner at Fortitude Capital with deep experience in private equity and special situations investing. He has spent over two decades...
Office ManagerFrancisca Montenegro supports Fortitude Capital’s day-to-day operations, overseeing office management and administrative coordination...
Gonçalo Sommer Ribeiro is Investment Director at Fortitude Capital, bringing extensive experience in investment analysis, structured products, and...
Mafalda Santos is Chief Financial and Operations Officer at Fortitude Capital, with extensive experience in fund accounting, financial reporting, and...
Mário Dias Vigário is CIO and Partner at Fortitude Capital, with more than 30 years of experience in asset management, trading, and investment...
Frequently Asked Questions
Yes. Fortitude Capital is authorised and supervised by the Portuguese Securities Market Commission (CMVM) as a Sociedade de Capital de Risco (SCR), which allows it to manage regulated private equity and venture capital funds in Portugal.
The firm works primarily with institutional investors, family offices, and high-net-worth individuals. International investors seeking regulated exposure to Portugal can also benefit from certain fund structures.
No. The firm mainly focusses on unique situations and changing assets, such as businesses that need restructuring, better operations, or adjustments to their financial setup instead of just funding for growth.
Fortitude Capital operates with a flexible mandate, investing across equity, debt, and hybrid instruments. This allows the firm to tailor capital solutions to each situation instead of relying on a single investment style.
Yes. Some of the firm’s funds are structured to meet Portugal’s residence-by-investment requirements, subject to applicable regulations and eligibility rules in force at the time of investment.
Although the firm is flexible in its approach, it has specifically concentrated on areas like renewable energy infrastructure, senior living platforms, and consumer businesses that can grow easily.
The firm follows a hands-on ownership model, typically engaging at board and operational level to support governance improvements, strategic execution, and long-term value creation.
Portugal is the firm’s primary investment focus. However, cross-border exposure may occur where portfolio strategies, partnerships, or operational expansion justify it.
We approach risk management through disciplined underwriting, asset-backed investment selection, flexible capital structure, and active oversight throughout the investment lifecycle.
No. Fortitude Capital – Sociedade de Capital de Risco, S.A.—operates independently and is not affiliated with UK, US, or other international entities that use a similar name.
Contact & Regulatory Information
Contact Details
Regulatory Information
Get in Touch with Fortitude Capital
Contact the fund manager team. They will respond within 24-48 hours.