Explorer is Portugal’s leading independent alternatives fund manager
For more than 20 years, Explorer has transformed assets and supported teams with vision, drive, and talent.

We work in partnership to unlock potential and deliver exceptional results across three key strategies:
EXPLORER IN NUMBERS
AUM
ASSETS
EXITS

OUR MISSION
We generate strong returns for our investors, and make a positive impact on our communities.
HOW WE CREATE VALUE
We share our international mindset, our experience, and our network with the owners, entrepreneurs, and managers we partner with.
We breathe new life into assets and operations, boosting sales and marketing, and build their reputation on the global stage.
We have done this successfully through multiple economic cycles and across multiple strategies and sectors: our reputation for determination, resilience and sustainable performance is well-earned.

OUR VISION
“I am proud of the extraordinary impact we have had on our portfolio and in the wider community. We are embracing the next decades of our story with energy and confidence. Explorer has been investing successfully for more than 20 years, but there is still much more to be done. Huge opportunities lie ahead.”
Elizabeth Rothfield, Founding Partner, CEO

Elizabeth Rothfield co-founded Explorer in 2003 and the firm remains one of very few owned and led by a woman.
Explorer has repeatedly pioneered and professionalized new investment strategies in its home market and is Portugal’s longest established and largest independent alternatives fund manager.
OUR VALUES

Our people are at the center of all aspects of Explorer’s work. Although they have different roles and diverse backgrounds, they all share one common belief – a commitment to a shared set of values.
Independence
We are independent thinkers, always ready to challenge the status quo
Team Spirit
We work closely with our colleagues and partners towards our shared success
Initiative
We have a proactive attitude and are always ready to drive positive change
Resilience
We overcome challenges with creativity and determination; we never give up
Generosity encompasses all our values, guiding how we think, collaborate, and overcome challenges together.
OUR INVESTMENT STRATEGIES
Explorer is a pioneer of private markets investment. We provide capital and support across three key strategies: buyouts, growth, and hospitality.
Whilst the characteristics of the underlying portfolio for each strategy are very different, our approach is always the same: use our experience, skill and network to transform the asset, always working closely with our partners.
Control investments in established businesses with strong growth and international potential.

“We specialize in transforming local businesses into professionally managed, internationally competitive enterprises by driving operational excellence and strategic growth. Our local market provides exceptional opportunities.”
Pedro Coutinho, Partner, Buyouts
Example Investments:

Minority investments supporting expansion and
innovation in fast-growing businesses

“When companies need support to grow, they come to us. Entrepreneurs know that we have the right mindset, network, and toolkit to take their companies to the next level.”
António Rocha e Silva, Partner, Growth
Example Investments:

Unlocking the potential of underperforming
hotels and tourism real estate

“We have developed a large-scale capex investment plan that, together with our best-in-class operational expertise has converted stressed and underperforming assets into superb, world class properties.”
José Tiago Silva, Partner, Hospitality
Example Investments:
