Private Equity FundPuts its own capital into companiesLAST VERIFIED Oct 2026 · 11 SOURCES

Oxy Capital

Lisbon-based alternative asset manager running private equity and mezzanine, restructuring, special-situations and listed-equity funds; offices in Lisbon and Milan.

HEADQUARTERS: Lisbon, Portugal
FOUNDED: —
AUM: —
OUTSIDE CAPITAL: Yes
TEAM LISTED: 9 people

Focus

STAGES: GrowthBuyout
SECTORS: —
ASSET MIX: Private equityPrivate creditVenture capitalPublic equities
GEOGRAPHY: Portugal

Overview

Oxy Capital is a Lisbon-based alternative asset management firm with offices in Lisbon and Milan and an investment team of more than 25 professionals. It manages funds across four lines: private equity and mezzanine debt for South European SMEs with a focus on Portugal (Oxy Capital Mezzanine Fund, Oxy Capital II and III, the latter currently investing); restructuring funds for industrial and real-estate/tourism assets (Fundo de Reestruturação Empresarial, Fundo Revitalizar Centro, Fundo Aquarius); innovation and special-situations funds (Júpiter, Oxy Capital Inovação, Juno, Vesta, Cometa, Héstia) covering R&D financing of Portuguese companies and, via Juno, later-stage VC and growth; and public-markets funds (Liquid Opportunities PPR and AIF, Portugal Liquid Opportunities) that apply a private-equity approach to small-cap listed equities. Its Golden Visa page states €2B of subscribed capital and 120+ investments over the last decade. Realised investments listed on its site include Palbit, Saphety, Fitness Hut, Prio Group, MedicineOne and the Vilalara Thalassa and Lake Spa resorts.

PORTFOLIO (12)

PalbitNOTABLE
Industrial & Manufacturing · since 2016 · Exited (2021)
SaphetyNOTABLE
Software & SaaS · since 2019 · Exited (2021)
Fitness HutNOTABLE
Consumer & E-commerce · since 2014 · Exited (2018)
Prio GroupNOTABLE
Industrial & Manufacturing · since 2013 · Exited (2020)
Lingote
Industrial & Manufacturing · since 2018 · Exited (2019)
Vilalara Thalassa Resort
Real Estate & PropTech · since 2014 · Exited (2021)
MedicineOne
HealthTech · since 2015 · Exited (2020)
The Lake Spa Resort
Real Estate & PropTech · since 2014 · Exited (2020)
Maxividro / Vitrocsa
Industrial & Manufacturing · since 2014 · Exited (2018)
Bring Focus 2 Group
Software & SaaS · since 2015 · Exited (2017)
Grupo Piedade
Industrial & Manufacturing · since 2014 · Exited (2015)
BeAnyWhere
Software & SaaS · since 2015 · Exited (2015)

People

Miguel Lucas
Managing Partner · source
Gonçalo Mendes
Partner · source
Guilherme Carreiro
Partner · source
Igor Pereira
Partner · source
Marco Henriques
Partner · source
Pedro Sousa
Partner · source
Tomás Castro de Sá
Partner · source
Inês Borges de Carvalho
CFO · source
Bruna Santos
Compliance Officer · source

Frequently asked questions

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

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

Oxy Capital invests at Growth and Buyout stages.

Key people at Oxy Capital include Miguel Lucas (Managing Partner), Gonçalo Mendes (Partner), Guilherme Carreiro (Partner) and Igor Pereira (Partner).

Oxy Capital's investments include Palbit, Saphety, Fitness Hut, Prio Group, Lingote, Vilalara Thalassa Resort, MedicineOne and The Lake Spa Resort, among others.

Yes. Oxy Capital manages capital from outside investors.