"Transforming capital into economic growth is one of the major challenges facing the Portuguese economy. Through the new fund of funds, Banco Português de Fomento will strengthen its role as a catalyst for investment and a strategic partner to companies in building a more competitive and sustainable future."
Filipe Pires Alves, Head of Indirect Equity, BPF
Banco Português de Fomento (BPF) has the mission of supporting the development of the national economy, addressing market failures and creating the conditions for Portuguese companies to grow, innovate and compete on a global scale. It is within this context that the launch of a new fund of funds takes on particular relevance, not only as a financial instrument but as a strategic lever serving the country.
Access to venture capital and long-term financing remains a structural challenge in Portugal, particularly for companies in growth and internationalisation phases. The fund of funds model enables BPF to address this challenge effectively, mobilising public and private resources, sharing risk and maximising the impact of investment on the real economy. This effect translates into a true multiplier effect, where each euro invested contributes to the creation of qualified employment, increased productive capacity and the strengthening of the national export base.
By investing in specialised fund managers, BPF contributes to the professionalisation and consolidation of the national venture capital and private equity market. This effect is essential for the maturation of the ecosystem, promoting better governance practices, greater analytical capacity and more rigorous selection of projects with growth potential. At the same time, BPF’s presence as a reference institutional investor serves as a signal of confidence for private investors, both domestic and international, further amplifying the multiplier effect of the capital invested.
For Portuguese companies, the impact is direct and tangible. A greater volume of available capital translates into more opportunities to finance innovation, strengthen teams, accelerate transformation processes and pursue internationalisation. These investments enable companies to scale operations, achieve critical mass and compete in external markets, with positive effects on productivity, exports and the creation of added value in the national economy. Strategic sectors for the future of the economy — such as technology, defence, industry, healthcare, energy or the climate transition — benefit from instruments tailored to their financing needs and from an investment horizon aligned with transformative projects.
This new fund of funds will also reflect BPF’s vision as an active partner in European and national public policies. Through an approach aligned with priorities such as competitiveness, sustainability and economic cohesion, the Bank contributes to a more resilient economy, better prepared for the challenges of the next decade.
More than a financing mechanism, this fund of funds embodies the role of Banco Português de Fomento as a catalyst for investment, a promoter of business growth and an agent of transformation in the Portuguese economy. That is BPF’s commitment: to place the right instruments at the service of the country’s development.
