# Explorer Investments

Explorer Investments is an Asset Manager based in Lisboa, Portugal.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Lisboa, Portugal
- **Region:** Europe
- **Address:** Largo Jean Monnet, nº 1 - 8º 1269-068 Lisboa, Portugal
- **Founded:** 2003
- **Assets under management:** €1.8B+ (per Explorer Investments, firm website)
- **Website:** explorerinvestments.com
- **LinkedIn:** https://www.linkedin.com/company/explorer-investments

## Regulatory record

- **Reports private funds:** No

## About

Explorer is Portugal’s leading independent alternatives fund manager. For more than 20 years it has transformed assets and supported teams across buyouts, growth, and hospitality. It is Portugal’s longest established and largest independent alternatives fund manager and provides capital and support to unlock potential and deliver results.

## Sectors

- Healthcare Services
- Industrial Tech
- Consumer
- Real Estate
- Fitness & Wellness

## People

- Elizabeth Rothfield — Founding Partner, CEO
- José Tiago Silva — Partner, Hospitality
- Pedro Coutinho — Partner, Buyouts
- Tiago Gonçalves — Partner, Buyouts
- António Rocha e Silva — Partner, Growth
- Rodrigo Guimarães — Executive Director
- Catarina Correia da Silva — COO

## Questions

### Who runs investment decisions at Explorer Investments?

CEO and Founding Partner Elizabeth Rothfield leads the firm alongside three vertical heads: Pedro Coutinho and Tiago Gonçalves for buyouts, António Rocha e Silva for growth, and José Tiago Silva for hospitality. Each partner runs origination and underwriting within their strategy, with Rothfield overseeing firm-level allocation and strategy.

### Does Explorer participate in fund commitments or only direct deals?

Explorer structures its own funds and invests directly in portfolio companies rather than allocating to external managers. The firm operates as a general partner for each of its three strategies, raising capital for its own buyout, growth, and hospitality vehicles.

### Which sectors does Explorer explicitly avoid?

The firm does not publish a formal exclusion list. Its portfolio reveals concentration in industrial, healthcare, consumer brands, and hospitality. Sectors absent from disclosed holdings include pure-play technology, financial services, and energy.

## Related profiles

- [Explorer Equity Group](https://altss.com/profile/explorer-equity-group)
- [Explorer Latam](https://altss.com/profile/explorer-latam-venture-capital)

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Last updated: 2026-08-11T15:06:42.396Z

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