C2 Capital Partners
C2 Capital Partners is an independent Portuguese private equity firm founded in 2009 and registered with the CMVM. It manages 17 funds across Growth Capital and Alternative Investments, investing in 60+ Iberian portfolio companies. It is an affiliate of Gaw Capital Partners.
- Company typePrivate
- Founded2009
- HeadquartersLisboa, Portugal
- Headcount11–50
- GTM typeB2B
- OfferingServices
What C2 Capital Partners does
C2 Capital Partners – SGOIC, S.A. is an independent Portuguese private equity fund management company founded in 2009 and headquartered in Lisbon. Registered and supervised by the CMVM (Portuguese Securities Market Commission), the firm operates two main business lines with dedicated autonomous management teams: Growth Capital (Capital de Expansão) and Alternative Investments (Investimentos Alternativos). It manages 17 funds, including C2 Growth I (2011) through R&D Growth XII, Legacy Buyout, Atlantic Open-Ended Fund, Aster C2 Prime Fund I, MedCapital, C2 FIAE Real Estate & Tourism, and M4 Ventures PT I, with several vehicles structured to be eligible for the Portuguese Golden Visa program.
The firm invests across healthcare, hospitality, manufacturing, sustainability, lighting technology, real estate, and tourism, with a disclosed portfolio of 60+ companies. Notable transactions include the December 2022 acquisition of Clarel (a 1,015-store perfume retail chain) from DIA for approximately €60 million, and a June 2026 €15 million financing to IMG Group for the Everbio Innovation Hub, a recycled and biobased polymer materials platform. C2 Capital Partners is an affiliate of Gaw Capital Partners, a Hong Kong-based private equity firm with $36 billion in AUM and offices across 15+ global locations, providing cross-border deal flow and capital backing. The team comprises 35+ professionals covering investing, compliance, legal, valuation, risk, finance, and asset management functions.
Revenue is generated through two standard PE fund-manager streams: recurring management fees on committed/invested capital across its 17 funds, and performance-based carried interest tied to portfolio exits. The firm became a signatory to the UN Principles for Responsible Investment (PRI) in 2020 and is a member of IPCG and APCRI, formalizing ESG and industry-association positioning within the Portuguese capital de risco ecosystem.
C2 Capital Partners firmographics
Firmographics- Name
- C2 Capital Partners
- Legal name
- C2 Capital Partners – SGOIC, S.A.
- Website
- https://c2capital.pt
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- C2 Capital Partners is an independent Portuguese private equity firm founded in 2009 and registered with the CMVM. It manages 17 funds across Growth Capital and Alternative Investments, investing in 60+ Iberian portfolio companies. It is an affiliate of Gaw Capital Partners.
- Ownership category
- akta.pro rank
C2 Capital Partners industry classification
Industry- Product category
- Private Equity Management
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Business Services (B2B) Growth Equity (FSANACAD)
Keywords
Where C2 Capital Partners is headquartered
LocationHeadquarters
- HQ city
- Lisboa
- HQ country
- Portugal
- HQ region
- Europe
Offices1 record
Markets served
C2 Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Fund Management Fees: C2 Capital Partners generates revenue through management fees charged on assets under management across its multiple funds (Growth I through XII, Legacy Buyout, Atlantic Open-Ended, Aster C2 Prime Fund I, and others). These are typically structured as a percentage of committed capital or invested assets.
- Carried Interest: Performance-based carried interest from successful portfolio company exits and investments, typically a percentage of profits above a hurdle rate returned to investors.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
C2 Capital Partners product offering
Product offeringCore offering
C2 Capital Partners is a Portuguese private equity fund management company that raises and manages investment funds across two main business areas: Growth Capital (Capital de Expansão) and Alternative Investments. The firm invests in portfolio companies across multiple industries (healthcare, hospitality, sustainability, real estate, technology) in Portugal and provides capital, operational support, strategic guidance, and exit planning. Its funds include Growth series (I-XII), R&D-focused funds, sector-specific vehicles (MedCapital, C2 FIAE), venture funds (Ventures PT I), buyout funds (Legacy Buyout, M4), and Golden Visa-eligible open-ended funds (Atlantic Open-Ended Fund, Aster C2 Prime Fund I).
Product overview
C2 Capital Partners is an independent private equity fund management firm offering two main business areas: Capital de Expansão (Growth Capital) and Investimentos Alternativos (Alternative Investments), each with dedicated autonomous management teams. The firm manages a diversified portfolio of funds including Growth funds (C2 Growth I), R&D-focused funds (R&D Growth III through XII), sector-specific funds (MedCapital for healthcare, C2 FIAE for real estate & tourism), venture funds (Ventures PT I), and buyout funds (Legacy Buyout, M4). The firm also manages open-ended funds (Atlantic Open-Ended Fund, Aster C2 Prime Fund I) and operates as an affiliate of Gaw Capital Partners, providing access to international networks and broader investment opportunities across various industries and geographies in Portugal.
Differentiator
Problem solved
Functional benefit
Products and services
- Capital de Expansão (Growth Capital) Growth Capital investment strategy providing expansion capital, operational support, strategic guidance, and exit planning to companies in Portugal across various industries and geographies. Operated through a dedicated autonomous management team.
- Investimentos Alternativos (Alternative Investments) Alternative Investments strategy providing specialized alternative investment opportunities including R&D-focused funds, real estate and tourism, healthcare, and venture investments. Operated through a dedicated autonomous management team.
- C2 Growth I Fund First growth fund of C2 Capital Partners, registered with CMVM (number 1270), launched in 2011. Targets growth-stage companies in Portugal.
- R&D Growth Funds III through XII Series of R&D-focused growth funds (III, IV, V, VI, VII, VIII, IX, XI, XII) launched between 2017 and 2025, registered with CMVM, targeting innovation and research & development investments.
- C2 Legacy Buyout Fund Buyout fund launched in 2024, registered with CMVM (number 2037), eligible for Golden Visa, focused on buyout opportunities in the Portuguese market. Currently in fundraising.
- Atlantic Open-Ended Fund – FIAM Open-ended fund eligible for Golden Visa, launched in 2025, registered with CMVM (number 2300).
- Aster C2 Prime Fund I – FIAM Open-ended fund launched in 2025, registered with CMVM (number 2318).
- MedCapital Fund Healthcare-focused fund registered with CMVM (number 1609), launched in 2020.
- C2 FIAE Real Estate & Tourism Fund Real estate and tourism focused fund registered with CMVM (number 1613), launched in 2020.
- Ventures PT I Fund Venture fund launched in 2021, registered with CMVM (number 1767).
- M4 Fund Fund launched in 2021, providing additional investment vehicle capacity alongside other C2 funds.
Quantifiable outcome
- 17 funds under management including Growth I-XII, Legacy Buyout, and specialized vehicles
- +1 more outcomes
Companies that use C2 Capital Partners
Customer profileNamed customers8 records
Segments2 records
Ideal customer profiles2 records
C2 Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
C2 Capital Partners partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
C2 Capital Partners competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
C2 Capital Partners social profiles
Digital presenceC2 Capital Partners compliance and trust
Trust signalCompliance5 records
C2 Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
C2 Capital Partners leadership team
Management profileNumber of profiles
Profiles13 records
C2 Capital Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
C2 Capital Partners M&A and investment
M&A and investmentM&A1 record
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about C2 Capital Partners
What does C2 Capital Partners do?
C2 Capital Partners is a Portuguese private equity fund management company that raises and manages investment funds across two main business areas: Growth Capital (Capital de Expansão) and Alternative Investments. The firm invests in portfolio companies across multiple industries (healthcare, hospitality, sustainability, real estate, technology) in Portugal and provides capital, operational support, strategic guidance, and exit planning. Its funds include Growth series (I-XII), R&D-focused funds, sector-specific vehicles (MedCapital, C2 FIAE), venture funds (Ventures PT I), buyout funds (Legacy Buyout, M4), and Golden Visa-eligible open-ended funds (Atlantic Open-Ended Fund, Aster C2 Prime Fund I).
Is C2 Capital Partners a public or private company?
C2 Capital Partners is a private company. It is classified as corporate owned and is currently operating.
When was C2 Capital Partners founded?
C2 Capital Partners was founded in 2009. It employs 11 to 50 people.
Where is C2 Capital Partners based?
C2 Capital Partners is headquartered in Lisboa, Portugal, in the Europe region.
How does C2 Capital Partners make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest.
Does C2 Capital Partners have an API?
No public API is recorded for C2 Capital Partners.
What industry is C2 Capital Partners in?
C2 Capital Partners's product category is Private Equity Management. Its primary akta.pro industry code is FSANACAD, Business Services (B2B) Growth Equity. Its NAICS code is 525 and its SIC code is 6799.