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Compare 38+ CMVM-Regulated Portugal Golden Visa Funds

Filter top Portugal golden visa funds by strategy, fees, risk, and eligibility — then request an introduction to the fund manager.

Covering all 38 CMVM-regulated funds · Updated March 2026

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Verified funds

Funds that have completed Movingto verification checks.

Verified

PEEIF III - Portuguese Energy Efficiency Investment Fund III

QUADRANTIS CAPITAL logo

QUADRANTIS CAPITAL

Min investment

€100,000

Liquidity

10 years

Fees

High

Verified

QUADRANTIS PRIVATE EQUITY II

QUADRANTIS CAPITAL logo

QUADRANTIS CAPITAL

Min investment

€100,000

Liquidity

10 years

Fees

Medium

Verified

Horizon Fund

Octanova SCR logo

Octanova SCR

Min investment

€100,000

Liquidity

5 years

Fees

Medium

Verified

Mercúrio Fund II, FCR

Oxy Capital logo

Oxy Capital

Min investment

€100,000

Liquidity

8 years

Fees

Medium

Verified

Lince Yield Fund, FCR

Lince Capital, SCR, S.A. logo

Lince Capital, SCR, S.A.

Min investment

€100,000

Liquidity

6 years

Fees

Medium

Verified

3CC Atlantic Bond Fund

3 Comma Capital logo

3 Comma Capital

Min investment

€100,000

Liquidity

5 years

Fees

Medium

Verified

Capital Green III – Fundo Fechado de Crédito

Finprop Capital, SGOIC, SA logo

Finprop Capital, SGOIC, SA

Min investment

€200,000

Liquidity

5 years

Fees

Low

Verified

Quadrantis Private Equity Credits & Bonds Fund – Subfund B

Quadrantis Capital logo

Quadrantis Capital

Min investment

€100,000

Liquidity

5 years

Fees

Medium

Verified

PEEIF II – Portuguese Energy Efficiency Investment Fund II

Quadrantis Capital logo

Quadrantis Capital

Min investment

€200,000

Liquidity

10 years

Fees

High

Fund Comparison at a Glance

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Fund ▲StrategyMin. InvestmentMgmt FeePerf FeeLock-upRedemptionsVerified
3CC Atlantic Bond FundCreditEUR 100k1.5%10%5 yrDailyMar 2026
CMVM 182126. Custodian: Bison Bank, S.A.. Auditor: PKF.
3CC Portugal Golden Income FundOtherEUR 100k1.5%20%5 yrDaily
CMVM 2108. Custodian: Bison Bank, S.A.. Auditor: PKF.
BlueWater Capital FundVenture CapitalEUR 50k2.5%12.5%7 yrQuarterly
CMVM 182201.
Capital Green III – Fundo Fechado de CréditoCreditEUR 200kNoneNone5 yrEnd of termMar 2026
CMVM 2347.
Crown Investments FundVenture CapitalEUR 50k2.5%12.5%7 yrQuarterly
Digital Insight FundVenture CapitalEUR 100k2.5%12.5%8 yrQuarterly
Emerald Green FundPrivate EquityEUR 500k2%20%8 yrEnd of term
Flex Space FundPrivate EquityEUR 100k1.5%20%8 yrQuarterly
CMVM 2103. Custodian: Banco Santander Totta, S.A..
Fortitude Portugal Special Situations II – Fundo de Capital de Risco FechadoPrivate EquityEUR 100k2%20%4 yrEnd of Term
CMVM 2257. Custodian: Banco Invest. Auditor: Deloitte.
Greenpower FundPrivate EquityEUR 100k2%None6 yrEnd of term
CMVM 1530.
Greytech III FundPrivate EquityEUR 100k1.75%22.5%10 yrEnd of term
CMVM 2267.
Growth Blue FundPrivate EquityEUR 50k2%20%10 yrQuarterly
Auditor: Forvis Mazars.
Heed Top Investment FundDebtEUR 100k1.5%20%5 yrDaily
CMVM 115. Custodian: Bison Bank. Auditor: Forvis Mazars.
Horizon FundCryptoEUR 100k2%20%5 yrMonthlyMar 2026
CMVM 2122. Custodian: Millennium BCP. Auditor: Ernst & Young (EY).
IMGA GV Portuguese Corparate DebtDebtEUR 100k1.75%None5 yrEnd of term
IMGA GV Portuguese EquitiesOtherEUR 100k2%None5 yrEnd of term
INZ FundPrivate EquityEUR 150k1.6%15%8 yrEnd of Term
Custodian: Bison Bank. Auditor: Baker Tilly.
Lince Growth Fund I, FCRPrivate EquityEUR 100k1.5%20%8 yrEnd of Term
CMVM 1955. Custodian: novobanco. Auditor: BDO.
Lince Yield Fund, FCRDebtEUR 100k2%20%6 yrEnd of TermMar 2026
CMVM 2225. Custodian: Bison Bank. Auditor: BDO.
Mercúrio Fund II, FCRPrivate EquityEUR 100k2%20%8 yrEnd of TermMar 2026
CMVM 1851. Custodian: Bison Bank, S.A.. Auditor: Ernst & Young (EY).
New Frontiers Energy Fund IIPrivate EquityEUR 100k1.5%25%7 yrEnd of term
CMVM 2358.
PEEIF II – Portuguese Energy Efficiency Investment Fund IIVenture CapitalEUR 200k2.5%30%10 yrQuarterlyMar 2026
CMVM PEEIF II. Custodian: Bison Bank. Auditor: Kreston & Associados, SROC LDA.
PEEIF III - Portuguese Energy Efficiency Investment Fund IIIClean EnergyEUR 100k2.5%30%10 yrQuarterlyMar 2026
CMVM 2227. Custodian: Bison Bank. Auditor: Kreston & Associados, SROC LDA.
Pela Terra II Regenerate FundPrivate EquityEUR 500k2%20%8 yrEnd of Term
CMVM 1816.
Portugal Investment 1Private EquityEUR 500k1%20%5 yrNot Available
CMVM 12445.
Portugal Liquid Opportunities, FCROtherEUR 100k1.2%20%5 yrWeekly
Auditor: Ernst & Young (EY).
Prime Insight FundVenture CapitalEUR 100k2.5%12.5%8 yrEnd of term
Quadrantis Private Equity Credits & Bonds Fund – Subfund BPrivate EquityEUR 100k1.5%20%5 yrQuarterlyMar 2026
CMVM 2007. Custodian: BNI Europa. Auditor: Kreston & Associados, SROC, Lda..
QUADRANTIS PRIVATE EQUITY IIPrivate EquityEUR 100k1.5%20%10 yrQuarterlyMar 2026
CMVM 2222. Custodian: Bison Bank. Auditor: Kreston & Associados, SROC LDA.
RYSE Golden Opportunities FundVenture CapitalEUR 100k0.5%20%8 yrEnd of term
CMVM 2434.
Solar Future FundClean EnergyEUR 250k2%20%5 yrEnd of term
Steady Growth Investment FundOtherEUR 500kNoneNone5 yrEnd of Term
Ventures.eu Fund IVenture CapitalEUR 150k2%20%8 yrEnd of term
CMVM 2085. Custodian: BankInter. Auditor: Ribeiro da Cunha & Associados.

Fund managers

Explore managers and the funds they run.

QUADRANTIS CAPITAL logo

QUADRANTIS CAPITAL

Portugal

4 funds listed

View manager
Insight Venture logo

Insight Venture

4 funds listed

View manager
IM Gestão de Ativos (IMGA) logo

IM Gestão de Ativos (IMGA)

Lisbon, Portugal

4 funds listed

View manager
STAG Fund Management logo

STAG Fund Management

Lisbon, Portugal

3 funds listed

View manager
Oxy Capital logo

Oxy Capital

Portugal

2 funds listed

View manager
Lince Capital logo

Lince Capital

Portugal

2 funds listed

View manager
3 Comma Capital logo

3 Comma Capital

Portugal

2 funds listed

View manager
IM Gestão de Ativos logo

IM Gestão de Ativos

portugal

2 funds listed

View manager
Octanova logo

Octanova

Portugal

1 fund listed

View manager
Finprop Capital logo

Finprop Capital

Portugal

1 fund listed

View manager
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Verified by licensed Portuguese lawyers

Every verified fund on Movingto Funds has passed an 8-point legal review conducted by licensed Portuguese lawyers registered with the Ordem dos Advogados.

Lead Verifier
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Inês Cabral Almeida

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Paulo Moura

Immigration Lawyer (Portugal)

MSc Forensic Legal Sciences

Bar Licence: 71517P

We collect core documents

Funds submit prospectus, registry extracts, and custodian confirmation.

We verify key facts

We check registration, exposure, structure, and document consistency.

You can request an intro

Browse verified funds and reach out directly to fund managers.

Frequently Asked Questions

Quick answers about Golden Visa funds and the Portugal Golden Visa fund route

There is no single "best" fund. The right fund depends on your risk tolerance, nationality, liquidity needs, and fee sensitivity. This guide organises funds by investor profile so you can identify the category most relevant to your situation. Always consult a licensed financial adviser before investing.

Portugal Golden Visa investment funds (often called Golden Visa funds) are regulated Portuguese investment funds that investors can subscribe to as part of the Portugal Golden Visa "fund route." Instead of buying property, you invest in fund units and use the subscription documents as part of your Golden Visa application file. Eligibility depends on the fund's structure and documentation, so it must be confirmed by Portuguese legal counsel.

Funds listed on Movingto Funds are presented as Portugal Golden Visa investment funds based on manager disclosures and available documentation. However, Golden Visa eligibility is a legal determination, and your Portuguese lawyer should confirm eligibility for your specific case before you invest. If you request an introduction, we can connect you with the fund manager and our Portugal Golden Visa legal team to confirm requirements.

The commonly referenced minimum for the Portugal Golden Visa fund route is €500,000 invested into qualifying Portugal Golden Visa investment funds (Golden Visa funds). Requirements can change and may depend on your legal approach and the fund's subscription terms, so confirm with Portuguese legal counsel before proceeding.

All qualifying Golden Visa funds are regulated by the CMVM (Portuguese Securities Market Commission). Regulation requires independent custodians to hold fund assets separately from the manager, and independent auditors to verify financial statements. Regulation reduces but does not eliminate investment risk. Past performance does not predict future results.

The Verified Fund badge indicates that a fund has completed Movingto's 6-point legal verification process. This includes confirmation of active CMVM registration, custodian and auditor arrangements, Golden Visa eligibility, and review of key fund documents. Verification confirms disclosed facts and does not constitute an endorsement or suitability assessment.

Several CMVM-regulated funds accept US persons and are structured to be FATCA-compliant and PFIC-reportable (QEF election available). US investors should verify PFIC status directly with each fund manager and consult a cross-border tax adviser.

Key factors include investment strategy (debt vs equity vs venture), total fees (management + performance), lock-up period and redemption frequency, US eligibility if applicable, and the fund manager's track record.

When comparing Golden Visa funds and Portugal Golden Visa investment funds, focus on the fees that actually impact your net outcome: subscription/entry fees (if any), annual management fees, performance fees (how calculated, hurdles, catch-ups), fund expenses (administration, custody/depositary, audit, legal), and exit/redemption fees (if any). We surface key terms where available, but you should always review the fund's official documents.

Many Portugal Golden Visa investment funds have lock-ups and limited redemption windows, especially if the strategy is private equity/venture/debt. Some funds allow redemptions only after a minimum period; others rely on fund maturity and asset sales. Always check: lock-up length, redemption frequency, notice periods, gates, and whether liquidity is "best efforts."

This depends on the fund structure. Open-ended funds typically allow you to redeem your investment after the lock-up period ends, subject to the fund's redemption schedule (monthly, quarterly, or annual). Closed-end funds distribute capital when underlying investments are exited, which may extend beyond the initial term. In both cases, your Golden Visa residency permit is renewable independently of the investment outcome.

Investing in Golden Visa funds typically involves onboarding/KYC, signing subscription documents, transferring capital, unit issuance, and obtaining proof of investment for your Portugal Golden Visa file. Timelines vary by bank/KYC complexity and fund processes, but a realistic expectation is weeks rather than days.

Movingto is not a regulated investment advisor. We may receive a referral/introductory commission from some fund managers if you invest, and we may also earn fees for legal or support services if you engage our team. We disclose this clearly, and we do not provide investment advice. Our role is to help you compare Portugal Golden Visa investment funds (Golden Visa funds) and connect you with the right people to complete the process.

Click Request introduction on any fund page or use the homepage form. Tell us your timeline, citizenship, and general preferences (risk, liquidity, strategy). We'll connect you with the fund manager and—if you want—our Portugal Golden Visa legal team to confirm eligibility and next steps.

No. Movingto Funds provides information and introductions for Golden Visa funds and Portugal Golden Visa investment funds. We do not provide investment advice or recommend that you invest in any specific fund. Always obtain independent financial advice and Portuguese legal advice before investing.
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