Bluetech III
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.
Investment Sectors
Venture Capital, Technology
Strategy Overview
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.
Minimum Ticket Size
€100,000
First Close Passed
Yes
Set Up Fee
3% added
Management Fee
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.
Performance Fee
20% 20% on total investor returns with 80% catch up after reaching the hurdle rate of 7%.
Target Annual Returns
0% There is no annual payout.
Target Returns Upon Exit
20% This Fund targets returns above 20% IRR, mostly focused on capital appreciation.
Subscription Deadline
December 2025
Target Fundraise
€200,000,000
Month Established
November 2022
Fund Duration
12 years
US-investors (PFIC)
Yes
The Bluetech III Fund targets the best growth opportunities in innovative and technological Portuguese companies, ranging from early-stage VC to growth PE. This Fund is better suited for investors with greater risk appetite and financial knowledge.
Iberis has a solid track record with extensive experience in the Portuguese private equity and venture capital markets. Therefore, the Fund will access the best innovation and growth opportunities leveraging on Iberis’ origination and execution infrastructure in place.