Alpac Capital
Company typePrivate company
IndustryFinancial services
Founded2013; 11 years ago (2013)
Key people
Pedro Vargas David, Luis Santos
ProductsInvestment funds

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.


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.


Alpacs main funds are:

Besides the above-mentioned Funds, the Managing Partners of Alpac Capital also own interests in Renewable Solar Energy[8][9] (Luz.ON) and Media[10] (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.[11][12] 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,[13] 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.[14]

Luis Santos is the son of Portuguese football coach Fernando Santos, who won the 2016 UEFA European Championship and the 2019 UEFA Nations League.[15] His girlfriend, Isabel Figueira, is a well-known Portuguese actress and TV presenter.[16]


  1. ^ Forbes, Forbes. "Dreamshaper capta maior ronda de investimento recebida por uma edtech portuguesa".
  2. ^ Ntech News, Ntech News. "Codevision garante investimento de 18 milhões de euros da Alpac Capital".
  3. ^ Blog Cledara. "Hottest Startups in Portugal".
  4. ^ "Finantail Investor at TC2". TC2. 28 July 2022.
  5. ^ Eco Sapo. "Americana Sovos compra Saphety e Petapilot para entrar em Portugal".
  6. ^ Budapest Business Journal. "4ig capital increases wind up with bartolomeu subscription". ((cite news)): |last1= has generic name (help)
  7. ^ Euronews. "Alpac Capital completes Euronews acquisition".
  8. ^ Solar, Energy. "Megaprojeto Solar leva 1000 milhões ao Alto Alentejo".
  9. ^ Solar, Energy. "Galp compra a Alpac metade de um projeto solar de 450 Mw em Ourique".
  10. ^ Meios e Publicidade. "Alpac controla 91% do capital da Newsplex".
  11. ^ Linkedin. "Pedro Vargas David".
  12. ^ Santos, Luís. "Luís Santos".
  13. ^ Linkedin. "Luís Santos".
  14. ^ David, Mário. "Parlamento".
  15. ^ Santos, Luís. "Luís Santos, o filho milionário do selecionador nacional".
  16. ^ "Isabel Figueira revela finalmente como conheceu o "filho milionário" do ex-selecionador Fernando Santos". (in European Portuguese). Retrieved 2024-04-12.