Saratoga Capital
Saratoga Capital is a Cyprus-regulated investment manager that specialises in alternative strategies, private markets, and value-oriented opportunities across Europe.
About Saratoga Capital
Saratoga Capital is a specialist investment firm focused on identifying and developing alternative and private-market opportunities across Europe. With a background spanning more than a decade in capital raising, asset management, and transaction execution, the firm operates with a disciplined, research-driven approach to generating long-term, risk-adjusted returns. The Saratoga team has participated in more than $900M in capital raised and over $1.
Open Opportunities
Currently accepting new investments
Portugal Investment 1
Portugal Investment 1, a closed-end private equity fund structured as a Fundo de Capital de Risco (FCR). The fund mainly puts money into Portuguese companies, especially in hospitality, tourism, and industry, aiming for long-term growth while following the new rules for Portugal's Golden Visa funds after 2023.
Key Highlights
Pan-European Deal Sourcing
Saratoga leverages deep regional networks across Europe to identify overlooked opportunities in private markets and alternative asset classes.
Cross-Disciplinary Leadership Team
The firm’s partners combine backgrounds in private equity, investment banking, corporate restructuring, and strategic advisory, allowing for multi-angle evaluation of complex deals.
Focus on Transformational Value Creation
Rather than passive capital allocation, Saratoga is known for hands-on portfolio involvement — refining strategies, improving governance, and strengthening long-term performance.
Institutional-Grade Risk Framework
Investment decisions are supported by a disciplined process that includes scenario modelling, stress-testing, and rigorous operational due diligence.
Strong Track Record in Middle-Market Investments
The firm specialises in middle-market transactions where operational enhancement and structured growth initiatives can generate meaningful upside.
Alignment With International Investors
Saratoga positions itself as a partner for global high-net-worth and institutional investors seeking professionally managed, EU-regulated investment exposure.
Team
Steven Pepa is a founding member of Saratoga Capital and co-head of its regulated products group. With more than 26 years’ experience across North...
John Darling partnered with Saratoga Capital in 2022 and leads the firm’s venture capital initiatives through Impact Counsel. He has overseen a US$42...
Stelios Marangos serves as principal and co-head of Saratoga Capital’s regulated products group, leading all investment-migration solutions. With...
Rene Cuerten heads Saratoga Capital’s real estate division, bringing nearly 30 years of experience in development, project management, and...
Frequently Asked Questions
Saratoga generally attracts globally minded investors who look for professionally managed access to alternative assets. Their client base often includes experienced private investors and institutions seeking curated European market exposure through a regulated AIFM structure.
The firm uses a thematic and risk-balanced approach, aiming to combine uncorrelated assets and opportunities across sectors. Diversification is built into their investment philosophy to help reduce volatility while still capturing upside from targeted strategies.
Yes. Saratoga is known for engaging closely with portfolio teams, supporting strategic decisions, improving governance, and strengthening operations to enhance long-term value creation. It’s not a passive investor.
Each opportunity undergoes a multi-layer analysis that includes financial modelling, market mapping, operational due diligence, and a long-term feasibility assessment. Only opportunities that meet their risk–reward criteria move forward.
Generally, yes. Their approach is designed with multi-year horizons in mind, focusing on patient capital, structured value creation, and sustainable asset growth rather than short-term speculation.
Contact & Regulatory Information
Contact Details
Regulatory Information
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Disclaimer: This enquiry does not constitute investment advice or a commitment to invest. All investments carry risk. Past performance does not guarantee future results.