Owner-operator.
Long-term capital.
Enduring businesses.

DURF Capital is a search fund based in Lisbon, focused on acquiring and operating one exceptional business in Portugal. We invest to own — not to exit.

Our approach Get in touch

Built to last

We think in decades, not quarters. Building businesses that endure.

Focused geography

Portugal-focused. Deep local insight and long-term commitment to the market.

Operator DNA

We work alongside existing management to build and compound long-term value.

Generations, not exits

Perpetual ownership. Compounding value — no fund cycle pressure.

Investing in essential businesses with durable advantages

We partner with founders and owners who have built something exceptional. Our role is to preserve, grow, and compound that value over the long term — without the pressure of fund cycles or exit timelines.

As owner-operators, we take a hands-on role from day one, with full alignment of interest.

What we look for

Revenue
€1m – €10m
Profitable businesses with stable, recurring cash flows
Sector
Any
Services, industrial, infrastructure — essential, defensible businesses
Geography
Portugal
Primarily Portugal, with deep local presence and network
Situation
Transition
Founders retiring or planning succession who want a trusted successor

Let's have a conversation

If you're a business owner considering your next chapter, we'd welcome a confidential, no-obligation conversation.

Email
info@durfcapital.com
Location
Lisbon, Portugal