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Private Equity FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 7 SOURCES

CoRe Capital

Lisbon private equity manager (SGCR) investing in Portuguese industrial SMEs and Mid-Caps via the CoRe Restart (2018) and CoRe Consolida (2023) funds; reports €117M+ under management.

HEADQUARTERS
Lisbon, Portugal
FOUNDED
—
AUM
€117M (2026)
OUTSIDE CAPITAL
Yes
TEAM LISTED
13 people

Focus

STAGES
GrowthBuyout
SECTORS
Industrial & ManufacturingFood & AgricultureHealthTechConsumer & E-commerce
ASSET MIX
Private equity
GEOGRAPHY
Portugal

Overview

CoRe Capital is a Lisbon-based venture capital management company (Sociedade Gestora de Capital de Risco) that invests in Portuguese SMEs and Mid-Caps, with a focus on industry and export competitiveness. It manages two CMVM-registered funds: CoRe Restart (2018), which targets indebted or illiquid industrial SMEs with internationally oriented business models, and CoRe Consolida (2023), which backs growth and sector-consolidation (buy-and-build) deals. Its fund investors are professional investors, stated as 63% funds of funds, 11% family offices and 9% insurers; it reports more than €117M under management and €196M invested directly and through co-investments across the two funds.

Investment thesis

Minority, majority or controlling stakes of €7M–€12.5M (more with co-investors) in Portuguese SMEs and small Mid-Caps, bringing fresh money and professional management for restructuring, organic growth and consolidation of fragmented sectors such as industry, agribusiness, healthcare, retail, tourism, transport and logistics.

PORTFOLIO (12)

People

  • Nuno Fernandes Thomaz
    Senior Partner · source
  • Pedro Araújo e Sá
    Senior Partner · source
  • Martim Avillez Figueiredo
    Senior Partner · source
  • Pedro Soares David
    Senior Partner · source
  • Francisco Corrêa Henriques
    Investment Director · source
  • José Melo de Castro
    Investment Director · source
  • Martim José de Mello
    Senior Analyst · source
  • Simão Silva Santos
    Senior Analyst · source
  • Manuel Tomás Serrador
    Analyst · source
  • Xavier Boucherie Mendes
    Junior Quantitative Analyst · source
  • Gonçalo Magalhães Riscado
    Junior Analyst · source
  • José Miguel Duarte
    Compliance and Legal Officer · source
  • Cristina Alves Barroso
    Financial Director · source

Links

Frequently asked questions

CoRe Capital is a private equity fund based in Lisbon, Portugal.

Yes. CoRe Capital invests its own capital in private companies.

CoRe Capital invests at Growth and Buyout stages in Industrial & Manufacturing, Food & Agriculture, HealthTech and Consumer & E-commerce.

CoRe Capital's stated ticket size is €7M–€12.5M.

Key people at CoRe Capital include Nuno Fernandes Thomaz (Senior Partner), Pedro Araújo e Sá (Senior Partner), Martim Avillez Figueiredo (Senior Partner) and Pedro Soares David (Senior Partner).

CoRe Capital's investments include Lift Consulting/Evercom, PSHC – Portugal Senior Health Care, Varandas de Sousa, Real Life Technologies, Move Clinics, Lisbon Serviced Apartments, Plastrofa and Bolseira, among others.

Yes. CoRe Capital manages capital from outside investors.