HCapital Partners, established in Lisbon in June 2014, is an independent private equity firm managing dedicated funds across a broad range of development stages. The firm aims to generate value at every stage, from deal sourcing and investment structuring through portfolio follow-on and exit. HCapital partners with companies that offer differentiated business models, working closely with executive teams to enhance governance, support expansion and pursue international opportunities. With a focus on both Portuguese and international markets, the firm leverages its deep sector expertise to guide strategic growth and build resilient enterprises.
Investment activities cover four primary sectors: energy and sustainability, smart territories, mobility and logistics, industrial and enterprise solutions, and data and connectivity. The firm uses its “New Ideas” funds to back early-stage ventures and deploys private equity to support export-oriented mid-market companies in the Iberian Peninsula. Targeted businesses display strong growth potential, technological content and governance frameworks. HCapital typically commits between €500,000 and €3 million per transaction. As a signatory to the United Nations Principles for Responsible Investment, the firm integrates PRI standards and international ESG practices throughout screening, decision-making and active ownership to encourage sustainable operations.
HCapital has demonstrated its commitment to clean technology through investments in companies such as Eneida, which provides low-voltage network analytics to improve utility grid performance and efficiency, and Libattion, a firm that repurposes electric vehicle batteries into stationary storage solutions, extending battery lifecycle and reducing environmental impact. These investments support the transition to renewable energy and exemplify the firm’s approach to combining financial returns with responsible practices across its portfolio.
