# Oxy Capital

Oxy Capital is a Private Equity based in Lisbon, Portugal.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Lisbon, Portugal
- **Region:** Europe
- **Address:** Av. Eng. Duarte Pacheco, Amoreiras Torre 2, 15ºB, 1070-102 Lisboa, Portugal
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** oxycapital.com
- **LinkedIn:** https://www.linkedin.com/company/oxycapital

## Regulatory record

- **Reports private funds:** No

## About

Oxy Capital is an alternative asset management firm. It creates appealing opportunities for investors using best-in-class talent to deliver tailor-made solutions to companies. It facilitates sustained economic growth by providing the right tools to SMEs while creating investment opportunities. It has an Investment Team with over 25 professionals in two countries, with offices in Lisbon and Milan.

## Sectors

- Private Credit
- Secondaries & Special Situations

## Offices

- Milan, Italy

## People

- Miguel Lucas — Managing Partner
- Gonçalo Mendes — Partner
- Guilherme Carreiro — Partner
- Igor Pereira — Partner
- Marco Henriques — Partner
- Pedro Sousa — Partner
- Tomás Castro de Sá — Partner
- Inês Borges de Carvalho — CFO

## Questions

### Who runs investment decisions at Oxy Capital?

Managing Partner Miguel Lucas heads the firm, working alongside a partner group of six named professionals — Gonçalo Mendes, Guilherme Carreiro, Igor Pereira, Marco Henriques, Pedro Sousa, and Tomás Castro de Sá — as listed on the firm's website. The team operates from offices in Lisbon and Milan, with over 25 investment professionals total.

### What investment strategies does Oxy Capital pursue?

The firm structures its deployment across four strategy bands: corporate restructuring, private equity and mezzanine debt, special situations, and liquid public markets. It runs nine named funds corresponding to these strategies — three restructuring vehicles, three private equity and mezzanine debt funds, six special situations pools, and two public-market funds — targeting expansion-stage, management buyout, recapitalisation, and turnaround situations.

### What geographies does Oxy Capital cover?

The firm concentrates on Portugal and Italy, maintaining offices in Lisbon and Milan and an investment team built to source and monitor deals across the two countries. No other European regions appear in its disclosed fund mandates or team locations.

### How is Oxy Capital structured to separate risk across strategies?

The firm keeps each strategy in a distinct vehicle — restructuring risk sits in one fund, growth equity in another, special situations in a third, and public-market exposure in the liquid-opportunities funds — rather than commingling deployment in a single flagship. This allows different investor bases to choose specific return profiles and risk governance per fund.

### Does Oxy Capital maintain any public-market presence alongside its private strategies?

Yes. The firm operates two public-market funds — Liquid Opportunities A (a PPR fund under Portuguese pension regulation) and Liquid Opportunities B Fund — offering liquid alternatives that run alongside its illiquid private equity, mezzanine, and restructuring vehicles.

## Related profiles

- [Oxx](https://altss.com/profile/oxx)
- [Oxygen House](https://altss.com/profile/oxygen-house)

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Last updated: 2026-08-11T15:07:41.444Z

Canonical page: https://altss.com/profile/oxy-capital

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