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Golden Visa Fund Comparison

Alpha Fund vs Explorer V

Compare Alpha Fund and Explorer V side-by-side: fees, terms, fund-stated objectives, risk bands, and Golden Visa evidence.

Capital is at risk. Target returns are fund-stated objectives, not forecasts or guarantees. Confirm all details against the fund prospectus/KID and qualified advisers. This is general information, not investment advice, a recommendation, or a suitability assessment.

Unverified Fund Data

Data for Alpha Fund and Explorer V has not been independently verified through our verification program. Fees, returns, and terms shown are based on manager-reported information. Compare with caution and confirm all details directly with the fund manager.

Private Equity

Alpha Fund

Managed by ActiveCap - Capital Partners

Unverified
VS
Private Equity

Explorer V

Managed by Explorer Investments

Unverified

Key Differences at a Glance

Alpha Fund has lower minimum investment. Explorer V has a different strategy and structure.

Based on each fund's own disclosed data (fund documents and public registers). These funds may follow different investment policies and carry different risk profiles, which affects how they compare. General information only — not investment advice, a personal recommendation, or a suitability assessment; Movingto does not assess which fund is suitable for you. Capital is at risk; confirm suitability with your own qualified adviser.

Key Financials

Min. Investment
Alpha Fund
€100,000
Explorer V
€250,000
Fund-stated objective
Alpha Fund
20–25% p.a.
Explorer V
20–25% p.a.

Capital is at risk. Target returns are fund-stated objectives, not forecasts or guarantees. Confirm all details against the fund prospectus/KID and qualified advisers.

Fund Size
Alpha Fund
€100M
Explorer V
Not disclosed
Established
Alpha Fund
2025
Explorer V
Not disclosed

Fees & Costs

Management Fee
Alpha Fund
2%
Explorer V
2%
Performance Fee
Alpha Fund
20%
Explorer V
20%
Subscription Fee
Alpha Fund
2%
Explorer V
Not disclosed
Redemption Fee
Alpha Fund
None
Explorer V
Not disclosed
Hurdle Rate
Alpha Fund
8%
Explorer V
Not disclosed

Liquidity & Terms

Redemption
Alpha Fund
Not Available
Explorer V
Not disclosed
Lock-up Period
Alpha Fund
10 years
Explorer V
10 years
Risk Band
Alpha Fund
Balanced
Explorer V
Not disclosed
Category
Alpha Fund
Private Equity
Explorer V
Private Equity

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Geographic Allocation

Alpha Fund
Portugal
100%
Explorer V: Not disclosed

Have questions about the process?

Our team can answer questions about these funds and the Golden Visa process on a free 15-minute call. We provide information, not investment advice.

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Have questions about these funds?

Speak with our Golden Visa team for general information about these funds and the residency process. Movingto does not provide investment advice or recommend a specific fund.

Frequently Asked Questions

The main differences include investment focus (Private Equity vs Private Equity), minimum investment amounts (€100,000 vs €250,000), management fees (2% vs 2%), and fund managers (ActiveCap - Capital Partners vs Explorer Investments). Each fund has a different risk profile and return target. This is general information, not a recommendation.

Both funds have the same management fee of 2%. Consider the total cost including performance fees: Alpha Fund charges 20% while Explorer V charges 20%.

Alpha Fund requires a minimum investment of €100,000, while Explorer V requires €250,000. The Portugal Golden Visa fund route requires €500,000 in total qualifying investment (which can combine more than one fund); a fund's own minimum is separate from Golden Visa eligibility, which must be confirmed with Portuguese legal counsel.

Both Alpha Fund and Explorer V are marketed by their managers as intended for the Portugal Golden Visa program. That is a manager statement, not a confirmation of eligibility: Golden Visa qualification is determined under Portugal's immigration rules (AIMA) and must be confirmed with Portuguese legal counsel before investing. Capital is at risk.

Both funds focus on private equity. Compare their track records, management teams, fee structures, and specific investment strategies — Alpha Fund's approach managed by ActiveCap - Capital Partners versus Explorer V's strategy under Explorer Investments — alongside their redemption terms and fund-stated objectives. This is general information, not a recommendation; confirm suitability with your own qualified adviser.

Redemption terms vary between funds. Alpha Fund's listed redemption frequency is Not Available, while Explorer V's is not disclosed. Check each fund's documents for frequency, notice periods, fees, and suspension conditions.

Fund data is reviewed against available sources including fund prospectuses, regulatory filings, and manager-provided information. Data freshness indicators show when each fund's information was last updated. Review the latest fund documents and qualified advisers before making investment decisions.