Private Equity Golden Visa Investment Funds
Compare 13 Private Equity investment funds for Golden Visa applications.
13 funds in Private Equity category
Mercúrio Fund II, FCR
Mercúrio Fund II, FCR is a closed-ended private equity fund managed by Oxy Capital, focused on acquiring and transforming mature Portuguese SMEs. Launched in 2025, it targets special situations, operational turnarounds, and growth-stage opportunities while remaining fully compliant with Portugal’s post-2023 Golden Visa rules and maintaining zero real-estate exposure.
Pela Terra II Regenerate Fund
Pela Terra II: Regenerate is a Portugal-based, CMVM-regulated closed-end venture capital fund focused on regenerative agriculture and farmland private equity. Structured to meet Portugal Golden Visa requirements without direct real estate exposure, the fund invests in agricultural operating companies that acquire, regenerate, and operate farmland in Portugal’s interior regions.
INZ Fund
INZ is a closed-ended Private Equity fund focused on renewable energy and energy-efficiency assets across Iberia, fully engineered for Golden Visa eligibility. Managed by STAG Fund Management and in line with UN Sustainable Development Goals, the fund aims to create steady, long-term value by investing in distributed solar, clean transportation, and low-carbon infrastructure using a careful, impact-focused approach.
Flex Space Fund
A CMVM-regulated, SFDR Article 8 venture capital fund managed by Insula Capital that invests in Portuguese flexible workspaces, offering Golden Visa–eligible exposure to the “future of work” with targeted dividends from year two onwards.
Portugal Investment 1
Portugal Investment 1, a closed-end private equity fund structured as a Fundo de Capital de Risco (FCR). The fund mainly puts money into Portuguese companies, especially in hospitality, tourism, and industry, aiming for long-term growth while following the new rules for Portugal's Golden Visa funds after 2023.
Portugal Prime Fund
A closed-end private equity fund regulated by CMVM, investing in Portugal's thriving hospitality sector. Designed to comply fully with the Portugal Golden Visa requirements.
Portugal Prime, FCR
Closed-end CMVM-regulated private equity fund investing in hospitality operators (non-real-estate) across Portugal's tourism sector; offers two tracks — 2% p.a. fixed (Capital Preservation, exit at citizenship) or ~10% target IRR (Upside, exit at maturity); Golden Visa eligible (minimum €100,000).
Emerald Green Fund
A Golden Visa–eligible private equity fund targeting sustainable tourism and hospitality development in Portugal's Douro Valley, focusing on a 5-star luxury eco-resort.
Lince Growth Fund I, FCR
Lince Growth Fund I, FCR is a regulated Portuguese growth-equity fund investing in established, revenue-generating SMEs. Focused on industrial, healthcare, agri-food, and tech companies, it targets scalable businesses that need capital to modernise, expand, or internationalise. Fully compliant with Golden Visa rules, it provides exposure to Portugal’s real economy with professional, active management.
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Fortitude Portugal Special Situations II is a CMVM-regulated private equity fund focused on special situations across Portugal and Iberia. Backed by institutional partners and led by former Goldman Sachs leadership, the fund targets event-driven opportunities in industries from energy to hospitality. It aims for 15–20% net returns while remaining eligible for Portugal’s Golden Visa program.
Quadrantis Private Equity Credits & Bonds Fund – Subfund B
A CMVM-recognised private equity fund managed by Quadrantis Capital, combining private equity, credit and high-grade bond investments to target a 10% annual return and provide a Golden Visa-eligible route for investors.
Global European Cinema Fund (GECF)
The fund is a CMVM-regulated venture capital fund that invests in high-potential film and TV productions, leveraging tax-rebate guarantees, senior-secured positions, and established distribution partners to deliver low-correlated returns and Golden Visa eligibility.
Growth Blue Fund
Growth Blue is a closed-end private equity fund focused on Portugal’s Blue Economy, investing in SMEs and Mid-Caps with strong operational foundations and clear growth potential. Supported by the European Investment Fund and overseen by CMVM, it aims to create value by actively managing its investments and following a policy that focusses on sustainability.
Frequently Asked Questions about Private Equity Portugal Golden Visa Investment Funds
Private Equity Portugal Golden Visa investment funds (often called Golden Visa funds) are Portuguese investment funds that invest in private companies (or private assets) and can be used for the Portugal Golden Visa fund route when they meet the program requirements. Instead of buying property, you subscribe to fund units (typically €500,000+) and use the subscription evidence in your Golden Visa application file.
Some Private Equity Golden Visa funds are eligible, but eligibility depends on how the fund is structured and documented. A fund being "private equity" is not enough on its own. Always confirm that the specific fund qualifies as a Portugal Golden Visa investment fund with Portuguese legal counsel before investing.
Private Equity Golden Visa funds are typically higher risk and less liquid than public-market investments. Returns depend on manager skill, portfolio quality, fees, and exit conditions. Key risks include valuation uncertainty, limited liquidity, long lock-ups, concentration risk, and delayed exits. If you need flexibility or short time horizons, private equity Portugal Golden Visa investment funds may not fit.
For the Portugal Golden Visa fund route, the commonly referenced minimum is €500,000 invested into qualifying Portugal Golden Visa investment funds (Golden Visa funds), subject to current rules and legal interpretation. Individual funds may set higher minimum subscription amounts.
Many Private Equity Portugal Golden Visa investment funds have multi-year lock-ups and limited redemption windows. Some are effectively "locked" until realizations occur (company sales or fund maturity). Always check lock-up length, redemption frequency, notice periods, and whether there are gates or "best efforts" liquidity.
When comparing Private Equity Golden Visa funds, focus on: Subscription / entry fees (if any); Annual management fees; Performance fees / carried interest (hurdles, catch-up mechanics); Underlying fund and portfolio expenses; Exit or redemption fees (if any). Fees can meaningfully change net outcomes, especially in private equity Portugal Golden Visa investment funds.
"CMVM regulated" generally means the fund/manager operates within Portugal's regulated investment framework. For Portugal Golden Visa investment funds, this is a trust and governance signal (oversight, required disclosures, regulated service providers). However, CMVM regulation does not automatically guarantee the fund qualifies as an eligible Golden Visa fund—eligibility still needs legal confirmation.
Some Private Equity Golden Visa funds may have indirect exposure through operating businesses or structures, but "real estate exposure" is often a sensitive point for Golden Visa eligibility and for how investors evaluate strategy. Check the fund's permitted investments and ask for clear confirmation on the fund's exposure and compliance position if this matters to you.
To compare Private Equity Portugal Golden Visa investment funds (Golden Visa funds), prioritize: Strategy (buyout, growth, venture, sector focus); Diversification (number of portfolio companies); Track record (realized vs unrealized); Liquidity terms (lock-up, redemption mechanics); Fees (especially performance fees); Governance (administrator, custodian/depositary, audit); Clarity of Golden Visa documentation.
Click Request introduction on any fund page or use the category page CTA. Share your timeline, citizenship, and preferences (risk, liquidity, target 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 any specific fund. Always obtain independent financial advice and Portuguese legal advice before investing.