Portugal Golden Visa: Investment Funds
Obtaining a Golden Visa by investing in a Portuguese Investment Fund is the fastest-growing option.
The market is busy as increasing numbers of investment houses compete for your investment.
Take some time to understand your options and get in touch with investment managers and advisors who run these projects. You can set up calls with them to ask about their activity and the maturity of the project.
Remember, the minimum investment amount for funds is €500k. That total amount can be "diversified" across numerous projects.
Compare funds
We don't host reviews for funds, as customer satisfaction takes many years to establish, unlike more immediate service providers such as lawyers and banks.
Diversified investment fund driving a hybrid real estate, venture capital strategy for risk-reward optimization.
Building a Responsible Future through Profitable Assets.
Portugal's first sustainability-focused Golden Visa fund. The fund is built on farmland – an asset class with a lower volatility rating than even the most conservative investment, US Government Bonds.
A Portuguese venture capital fund, with a focus on high-end residential real estate.
The first fund of its kind investing in institutional-quality student accommodation in Portugal and Spain.
Prima Fund is a 2-tranche (which provides partial capital protection) venture capital investment fund investing in Ando Living branded developments and the brand itself.
CERES is a Real Estate Food & Retail Fund.
ESG fund invests and supports Portuguese Innovative companies
Hospitality & Real Estate Assets
Our goal is to exceed our investors’ expectations by delivering results according to our target return while they achieve their personal goals.
Opportunistic real estate investments in residential/touristic and logistic sectors in Portugal.
Portuguese Listed Equity Investment Fund - Daily Liquidity. This is an open-ended fund
Sharing Education Fund invests in International Private Schools
Real Estate Diversification - Capital Preservation
Investing in self-storage, the most resilient asset class in real estate.
Diversified fund investing in yield-generating real estate in Portugal and global fixed-income financial assets by JPMorgan.
Next is a Venture Capital fund mainly invested by Golden Visa investors investing in companies holding or developing high-street retail units.
The Bluetech III is the successor of Iberis’ managed funds Bluetech I and Bluetech II, focused on the scaling-up of highly innovative companies rooted in Portugal with global potential.
Vida Fund believes in the power of capital to build spaces where individuals gather intentionally to live inspiring lives.
Compare Portugal's Golden Visa Funds
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Tejo Ventures
Real Estate, Venture Capital
We believe in the power of capital to deliver positive progress in the world. We allocate accordingly, backing projects and people that matter.
€250,000
Yes
2000€ added
2% Calculated on initial investment
20% No conditions, minimums, maximums, catch up policy. Simply 20% of any profit that we make for the fund.
0% No current target annual payout.
16% Targeted return: 2.1x net of fees.
March 2023
€20,000,000
August 2021
6 years
Yes
Green Insight I
Technology, Real Estate, Sustainability
We have a balanced strategy mostly investing in technology-based projects with innovative concepts while reducing risk in real assets (solar, wind energy).
€50,000
Yes
1.25% included
2.5% During the Investment Period 2.5% which is reduced to 2% after the Investment Period
20% 20% fee after Hurdle Rate of 5% to 10%; and 30% fee after Hurdle Rate of 10%
5%
9% 9% - 12% per year target return
July 2023
€40,000,000
July 2021
8 years
No
Pela Terra Farmland
Farmland, Agribusiness, Infrastructure
Buy undervalued Farmland, lease to sustainable growers
€100,000
Yes
1% added
0.95% investors do not have to pay this as it's paid by the fund itself
0% No performance fee is taken unless the advertised targets are met
5% Payout each year
14% Additional payout when fund closes
July 2023
€30,000,000
April 2021
7 years
Yes
Fjord Capital
Real Estate
High-end residential real estate, and rural tourism, to create growth and stability with a key focus on capital preservation.
€500,000
Yes
4% added 4% is paid up front, and then 1% is paid on exit of the fund. That subscription fee is paid to the agent introducing/onboarding the investors.
0.5% This is the amount charged by FundBox, our fund manager.
45% 45% of profits after all fees.
3% 3% per annum
22% 3% per annum plus a 22% capital gain
May 2023
€20,000,000
April 2021
7 years
Yes
Iberian Student Living Fund
Real Estate
To acquire, develop, operate and sell 3-4 purpose-built student accommodation schemes in undersupplied markets in Portugal and Spain.
€150,000
Yes
5% included 5% subscription fee charged to the fund, and not required in addition to the investment amount. Quoted projected returns are net of all fees.
2.5% 2.5% per annum during investment period and 1.0% per annum post investment period
20% 20% performance fee above a 7% net investor IRR hurdle rate
8% 7-9% net IRR. Timing of payments dependent on timing of underlying asset liquidation
50% Target 40-60% net return for investors subscribing in 2022.
May 2023
€20,400,000
May 2021
9 years
Yes
Prima Europe Fund
Real Estate, Hospitality
Investing in the expansion of Ando Living touristic projects.
€200,000
Yes
1.23% added
1.7%
0% No performance fee for senior equity investors
2.5%
10%
June 2023
€100,000,000
July 2021
8 years
Yes
CERES I
Real Estate, Food & Retail
MAGNIFY has started the Food Retail Project in 2017, and has created a database of 46 locations, all in the Greater Metropolitan Area of Lisbon (Lisbon and Setubal districts), from which has selected the 9 locations that are now being developed by the Fund CERES I.
€100,000
Yes
0€ included
2.5% A nominal annual fee of 2.5% over the lower of the following reference amounts: (i) the aggregate subscribed and paid-up capital, or (ii) the value of the assets under management.
40%
0% For category C unit holders (GV investors), they have the right to receive, annually, its share of the gross income up to a maximum amount of 4.5% whilst the other unit holders (Category A) shall receive the full amount uncapped.
14% The fund seeks to achieve an annualized IRR, net of all fees and expenses, in excess of 14%.
April 2024
€75,000,000
October 2021
10 years
Yes
Sustainable Innovation Fund
Sustainability, Health & Life Sciences
Using ESG as a tool to maximize impact, mitigate risk and maximize return.
€100,000
Yes
2% included
2%
20% 20% carried interest after a 4% hurdle rate
0% There are no annual payouts.
11% The target IRR is 11% (4% hurdle rate and additional 7% per annum)
January 2023
€20,000,000
December 2020
7 years
Yes
Hospitality Expansion Fund
Real Estate, Hospitality
Transforming undervalued real estate into high yielding boutique hotels
€200,000
No
0€ added
2% Paid quarterly
20% Management Entity takes 20% above the 5% hurdle
12%
0% n/a
May 2024
€20,000,000
May 2022
8 years
Yes
Golden Heed
Real Estate
The Fund is focused on two asset classes: (i) income generating assets (retail parks, supermarkets, fast food restaurants, etc); and (ii) assets to be developed (for licensing, development and rehabilitation, that can be either residential or commercial)
€50,000
Yes
3% included Deducted from the investment and not on top of the investment
2% From year 8 onwards, it will be reduced to 0.75% per annum.
20% Preferred return of 6% to Class B investors and anything above that, 80% will be paid to Class B investors and 20% to Class A investors.
0% No annual payment to investors.
6% 6% per annum, net of fees.
April 2023
€20,000,000
October 2020
10 years
Yes
Vesta Fund
Real Estate
Investment in stable income-generating properties with appreciation potential at attractive entry valuations.
€350,000
Yes
3.5% included
2%
20% 20% above a 6.0% hurdle rate
5% No predefined target for annual/final payout to investors. All the liquidity of the fund arising from the collection of rents will be distributed in the form of dividends (4%-6% per annum).
8% Target IRR of high single digits (7%-9%)
September 2023
€50,000,000
July 2021
10 years
Yes
Sixty Degrees
Diversified
Our strategy is based on stock picking - bottom's up approach. This is an open-ended fund.
€250,000
Yes
2% added There are 2 classes either a 2% subscription fee with 1.25% management fee, or 0.5% subscription fee with 2% management fee
1.25% There are 2 classes either a 2% subscription fee with 1.25% management fee, or 0.5% subscription fee with 2% management fee
0% No performance fee
0%
0%
December 2023
€0
August 2021
0 years
Yes
Sharing Education I
Education
The fund was created to implement the masterplan of ISS project.
€100,000
Yes
0% included
0.9% Annual fee varies from 0.9% - 0.5% depending on total amount raised.
0% There is no performance fee (carried interest).
0%
7% The fund seeks to achieve an annualized IRR, net of all fees and expenses, in excess of 7%.
February 2024
€80,000,000
August 2021
10 years
Yes
Insight Fund
Real Estate, Hospitality
Capital Preservation
€200,000
Yes
2% included
0% N/A
0% N/A
3% 3% Preferential Return Paid Annually
0% N/A
March 2024
€100,000,000
August 2021
12 years
Yes
Self-Storage Fund I
Real Estate
The investment strategy of the fund is to acquire real estate assets and convert them into high quality self storage assets
€150,000
Yes
1% added There's a 1% subscription fee paid upfront with a minimum of €2,000
0.8% The management fee is of 0.8% with a minimum of €8,000 monthly.
20% The performance fee is of 20% above a 3% hurdle rate.
3% There's a target annual payout of 3% to investors after the investment period
7% Targeted 7% IRR
August 2023
€20,000,000
November 2021
7 years
Yes
Portugal Strategic Growth Fund
Real Estate, Fixed Income
60% invested in yield-generating real estate assets + 40% invested in JPMorgan's fixed income
€200,000
Yes
3% included
1.25%
10%
2%
6% Estimated 5%-7% IRR
January 2023
€105,000,000
April 2021
7 years
Yes
Next Fund
Real Estate
Build a hight street retail portfolio with low credit risk tenants, aiming to provide above market returns to the investors.
€200,000
No
1.23% added
1.7% Dependent on total amount raised and is estimated to reach 1.7%
50% 50% of the capital gain. All distributions are exempt of any performance fee.
3% Estimated 3% after paying all expenses.
7% Estimated 7% IRR
December 2022
€75,000,000
December 2020
8 years
Yes
Bluetech III
Venture Capital, Technology
The Fund focuses on the scaling-up of highly innovative companies rooted in Portugal with global potential. Most of the capital will be invested in companies at later financing stages, with solid sales and proven results, offering downside protection. The Fund can also do smaller tickets in earlier stage companies as a way to access later stages when these companies grow further. All in all, the Fund will end up with 15-20 portfolio companies.
€100,000
Yes
3% added
2% During the investment period, the Fund shall pay the Management Company an annual management fee corresponding to a nominal yearly rate of 2% of subscribed capital. After the investment period, the management fee is 2% of capital invested net of write-offs.
20% 20% on total investor returns with 80% catch up after reaching the hurdle rate of 7%.
0% There is no annual payout.
20% This Fund targets returns above 20% IRR, mostly focused on capital appreciation.
December 2025
€200,000,000
November 2022
12 years
Yes
Vida Fund
Hospitality, Real Estate
The fund acquires distressed hospitality assets, repositions these implementing value add interventions, and sells to international real estate buyers willing to pay a higher price for branded residences.
€500,000
Yes
1500€ added One time fee of EUR 1,500 (to be paid to fund manager for KYC, AML check) (Refundable)
2%
20% Calculated as 50% of the liquidation proceeds of the Class A gains (in excess of 4 % annual cash dividends, with a catchup) up to 2xROE and 20% of the liquidation proceeds of the Class B gains (in excess of a 6% annual cash dividends, with a catchup).
4% 4% a year dividend when cash available
14% 2x Return on Equity (1M Euro)
December 2024
€100,000,000
December 2022
7 years
Yes