Alpac Capital

Alpac Capital is a Portuguese investment group, founded in 2013, which manages three investment funds: a technology fund, a telecom fund and a media fund. The group is regulated by the Portuguese Securities Market Commission (CMVM).

Alpac Capital makes equity investments in order to achieve active involvement in the business development of its investees.

History
It was founded in 2013 and is headquartered in Lisbon. Besides its global headquarters in Lisbon, the firm also has regional offices in Budapest and Dubai.

Funds
Alpacs main funds are:


 * A Tech Fund – East West EuVECA Fund with 6 invested companies (Dreamshaper, Codevision, Biometrid, Login, TC2 ) and one divested company (Petapilot ).


 * A Telecom Fund – Luso Pannon EuVECA Fund, with a qualified minority stake in the telecom conglomerate 4iG.


 * A Media Fund – Future Media EuVECA Fund which controls 98% of Euronews. In December 2021, Alpac Capital signed an agreement to buy the controlling stake in Lyon-based broadcaster Euronews from Egyptian telecoms magnate Naguib Sawiris.

Besides the above-mentioned Funds, the Managing Partners of Alpac Capital also own interests in Renewable Solar Energy (Luz.ON) and Media (Newsplex.SA). The solar business of Alpac has already sold 450MW in Baixo Alentejo to Galp Energia and is licensing 700MW with Greenvolt in Alto Alentejo.

Key people
Alpac Capital has two Founding and Managing Partners: Pedro Vargas David and Luis Santos. They are both alumni from the Economics degree at Universidade Nova and former McKinsey & Company consultants.

Pedro Vargas David, CEO, was also Former Head of Strategy of Jerónimo Martins and holds an MBA from Instead and Executive education from Harvard Kennedy School and Harvard Business School. Luis Santos, who worked at Mckinsey for 9 years, in Europe, South America and Asia, holds an MBA from Columbia University and a PhD on Political Science and International Relations from Universidade Católica Portuguesa. Pedro is son of former Secretary of State of Portugal and former MEP in the European Union, Mário David.

Luis Santos is the son of Portuguese football coach Fernando Santos, who won the 2016 UEFA European Championship and the 2019 UEFA Nations League. His girlfriend, Isabel Figueira, is a well-known Portuguese actress and TV presenter.