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Tomas Castro de Sá

Vesta Fund

Opportunistic real estate investments in residential/touristic and logistic sectors in Portugal.

Investment Sectors

Real Estate

Strategy Overview

Investment in stable income-generating properties with appreciation potential at attractive entry valuations.

Minimum Ticket Size


First Close Passed


Set Up Fee

3.5% included

Management Fee


Performance Fee


20% above a 6.0% hurdle rate

Target Annual Returns


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).

Target Returns Upon Exit


Target IRR of high single digits (7%-9%)

Subscription Deadline

September 2023

Target Fundraise


Month Established

July 2021

Fund Duration

10 years

US-investors (PFIC)


Why Oxy Capital?

  • Unrivaled reputation: leading Portuguese investment manager, with c. €1 billion AUM under several strategies, ranging from Growth/Buyout, Restructuring, Real Estate and Public Equities.
  • Team background: experienced and committed team comprised of 25 investment professionals; partners working together since launch in 2012.
  • Successful track-record: proven track-record of delivering value to investors through cycles and across sectors, with consistent outperformance.
  • Real estate expertise: extensive experience in managing high-end touristic and real estate assets, and implementing value-add initiatives.

Why Vesta Fund, FCR?

  • Golden Visa eligibility: designed to be fully compliant with the Portuguese Golden Visa requirements.
  • Focus on capital preservation: disciplined investment approach characterized by conservative underwriting and rigorous asset-by-asset due diligence.
  • Unique timing and opportunistic strategy: market price retrenchment as a result of the projected turmoil in the real economy may present attractive opportunities to selectively invest in high-quality assets at favorable prices.
  • Proprietary deal flow: access to off-market deals with lower competition and early access to opportunities.
  • Attractive risk-adjusted returns: investment in stable income-generating properties with strong value appreciation potential, at attractive entry valuations.