Cuatrecasas on Qualitas Equity €40M Portugal consolidation
Cuatrecasas advised Qualitas Equity Funds on the consolidation of its activity in Portugal as an asset manager operating under the freedom to provide services, an operation that included the capture of approximately €40 million from Portuguese investors throughout 2026.
The transaction involved Qualitas Equity Funds’ regulatory entry as an asset manager into the Portuguese market through the use of the European cross-border management passport provided for under the Alternative Investment Fund Managers Directive (AIFMD). It also comprised the structuring of three Portuguese venture capital funds, namely a Portuguese feeder fund and two funds of funds. The operation had a cross-border nature between Portugal and Spain and required coordination between the European regime applicable to alternative investment fund managers and the Portuguese venture capital funds regime.
Qualitas Equity Funds is a management company that is part of Ridgepost Capital, a private equity-focused group based in Madrid. Founded in 2015, the firm has more than €1.4 billion in assets under management.
Legal Team
The Cuatrecasas team advising Qualitas Equity Funds was led by partner Paulo Costa Martins, of the Financial Sector and Fund Formation Corporate practices. The team also included Natacha Branco, from the same practice areas, Catarina Mira Lança, from the Financial practice, and partner Gonçalo Bastos Lopes, from the Tax practice.
