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BlueWater Capital Fund

BlueWater Capital Fund is a CMVM-regulated investment fund managed by Insight Venture, investing primarily in venture capital.

A closed-end venture capital sub-fund of the Global Insight Fund focused on sustainable investments in marine economy, water management, renewable energy, digitalisation, recycling, mobility, and health-related innovation, with mandatory allocation to Portuguese companies.

Fund ID182201
Regulatory StatusCMVM Registered
Min. Investment€50,000
Management Fee2.5%

Fund Snapshot

Key Facts

Min Investment€50,000
Open to USYes
Lock-up84 months

Fees

Management Fee
2.5%
Performance Fee
12.5%

Additional Details

Established2023
CMVM ID182201
Regulated ByCMVM – Comissão do Mercado de Valores Mobiliários

Compliance

CMVM #182201

Capital at risk. Past performance isn't indicative of future returns. This is not investment advice.

Historical Performance

No performance data available
Performance metrics will appear when data is provided

Fund Overview

About the Fund

BlueWater Capital Fund is a sub-fund of the Global Insight Fund, Fundo de Capital de Risco Fechado, managed by Insight Venture (SCR, S.A.). It promotes environmental and social characteristics under SFDR Article 8, investing in projects and companies that contribute to climate mitigation, efficient resource use, pollution reduction, circular economy, sustainable mobility, digital transformation, and health innovation. The fund targets sustainable impact across three pillars, environmental, social, and governance (ESG) — using an internal ESG matrix based on UN Global Compact Corporate Sustainability Guidelines. It excludes sectors with high ESG or reputational risks and only approves investments that pass the internal ESG evaluation.

For broader context, see our full guide to Portugal Golden Visa investment funds.

Regulatory Identifiers

We source from CMVM-regulated managers where applicable. Verify each fund's registration and GV suitability with counsel.

CMVM Registration182201

Key Terms

Key Terms

Minimum Investment
€50,000
Fund Structure
Venture Capital
Fund Term
7 years
Domicile
Portugal
Custodian
Not disclosed
Auditor
Not disclosed
ISIN
Not disclosed
Typical Ticket
Not disclosed
Risk Band
Not disclosed
Fund Status
Open
Inception Date
2023

Information as reported by fund manager. Terms may vary by investor class.

Financial Details

Fees

Fee Structure

Management Fee2.5%
Performance Fee12.5%

Fee Calculator

Management fee:€0
Performance fee*:€0
Estimated annual cost:€0

Geographic Allocation

Portugal60%
Europe30%
Other10%

Redemption Terms

Redemption Status
Closed
Frequency
Additional Terms

Closed-end venture capital fund. No investor redemptions are permitted during the fund’s life; liquidity is provided only through distribution events or at termination.

Redemption terms may vary by investor class. Verify details with the fund manager.

Fund Structure

Regulatory & Compliance

CMVM Registration182201
AuditorNot disclosed
CustodianNot disclosed
NAV FrequencyNot disclosed
PFIC/QEF Status
Status Unknown

Always confirm regulatory details with the fund manager and legal counsel before investing.

Team Information

Fund Team

1 team member

Team members are employed by the fund manager, not Movingto. Profiles listed for directory comparison.

IVMET

Insight Venture Marine Economy Team

Fund Management

Specialized team within Insight Venture focusing on marine economy investments, waterfront development, ocean renewable energy, and sustainable...

Get in Touch with BlueWater Capital Fund

Enquire about BlueWater Capital Fund. The fund manager will respond within 24-48 hours.

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Disclaimer: This enquiry does not constitute investment advice or a commitment to invest. All investments carry risk. Past performance does not guarantee future results. By submitting this form, you agree to be contacted by the fund manager.

Important Notice for Investors

Investment in funds involves risks, including the possible loss of principal. Please read all fund documentation carefully before making any investment decisions. Past performance is not indicative of future results.

Using Industry Assumptions

This fund hasn't specified target returns. You can adjust the assumptions below to project potential outcomes.Contact the fund for precise targets.

Investment Calculator

Project potential returns based on your investment parameters

Display returns after management and performance fees

Fund minimum: €50,000

Typical holding period

%

Industry average assumption

Using Industry Assumptions: This projection uses market averages as the fund hasn't specified target returns. Actual performance may differ significantly. Contact the fund manager for fund-specific projections.

Investment Risk Disclosure: These projections are for illustrative purposes only and do not guarantee future performance. Past performance is not indicative of future results. All investments carry risk, including potential loss of principal. Consult with a qualified financial advisor before making investment decisions.

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Frequently Asked Questions

The fund targets companies and projects that directly contribute to environmental efficiency—water treatment, renewable energy technologies, digitalisation, recycling, low-carbon mobility, healthy food production, and healthcare innovations.

Yes. The BlueWater Capital Fund is the only sub-fund within the Global Insight Fund that promotes environmental/social characteristics and aims for a minimum of 80% sustainable investments.

Every potential investment must pass an internally developed ESG evaluation matrix covering environmental impact, governance quality, reporting transparency, community involvement, and operational responsibility.

Yes. Any project with high ESG, reputational, ethical, or legal risks is automatically excluded during the preliminary screening stage.

The fund maintains diversification across 10-12 investments with a mix of income-yielding assets (marinas, hospitality) and growth projects (renewables, technology), reducing sector concentration risk while capturing marine economy upside.

The fund aims to maximise EU Taxonomy alignment in its environmental investments, though it does not commit to a fixed minimum percentage.

Yes. It may allocate part of its portfolio to other venture capital funds, provided those funds also consider sustainability principles.

Supported objectives include climate mitigation, climate adaptation, circular-economy transition, pollution prevention, and biodiversity protection.

The fund conducts governance evaluations pre-investment and ongoing oversight post-investment, including reviews of management conduct, transparency practices, anti-corruption rules, remuneration policies, and compliance controls.

Compliance & Structural Details

Yes, it is registered under CMVM ID 182201.

Management Fee: 2.5%. Performance Fee: 12.5%. Subscription Fee: Not disclosed.