Golden Visa Fund Comparison
BlueWater Capital Fund vs Horizon Fund
Compare BlueWater Capital Fund and Horizon Fund side-by-side: fees, terms, performance metrics, and Golden Visa eligibility.
Venture Capital
BlueWater Capital Fund
Managed by Insight Venture - Sociedade de Capital de Risco, S.A.
Unverified
VS
Crypto
Horizon Fund
Managed by Octanova SCR
Verified Partner
Quick Decision Guide
Choose BlueWater Capital Fund if you prioritize lower minimum investment and venture capital exposure. Choose Horizon Fund if you prefer lower management fees and crypto exposure.
Key Financials
€50,000Best
Min. Investment
€100,000
Min. Investment
BlueWater Capital Fund
€50,000Horizon Fund
€100,000Not disclosed
Target Return
Not disclosed
Target Return
BlueWater Capital Fund
Not disclosedHorizon Fund
Not disclosedNot disclosed
Fund Size
€100M
Fund Size
BlueWater Capital Fund
Not disclosedHorizon Fund
€100M2023
Established
2024
Established
BlueWater Capital Fund
2023Horizon Fund
2024Fees & Costs
2.5%
Management Fee
Best2%
Management Fee
BlueWater Capital Fund
2.5%Horizon Fund
2%12.5%
Performance Fee
20%
Performance Fee
BlueWater Capital Fund
12.5%Horizon Fund
20%Not disclosed
Subscription Fee
2%
Subscription Fee
BlueWater Capital Fund
Not disclosedHorizon Fund
2%Not disclosed
Redemption Fee
3%
Redemption Fee
BlueWater Capital Fund
Not disclosedHorizon Fund
3%Not disclosed
Hurdle Rate
4%
Hurdle Rate
BlueWater Capital Fund
Not disclosedHorizon Fund
4%Liquidity & Terms
Available
Redemption
Monthly
Redemption
BlueWater Capital Fund
AvailableHorizon Fund
MonthlyNot disclosed
Lock-up Period
60 months
Lock-up Period
BlueWater Capital Fund
Not disclosedHorizon Fund
60 monthsNot disclosed
Risk Band
Not disclosed
Risk Band
BlueWater Capital Fund
Not disclosedHorizon Fund
Not disclosedVenture Capital
Category
Crypto
Category
BlueWater Capital Fund
Venture CapitalHorizon Fund
CryptoEstimated Fees on €500,000 Investment
Management fees over 6 years (excludes performance fees)
BlueWater Capital Fund
Fees not disclosed
Horizon Fund
€70,000
Cost comparison unavailable — one or more funds have not disclosed their fee structure.
Geographic Allocation
BlueWater Capital Fund
Portugal
60%
Europe
30%
Other
10%
Horizon Fund
Portugal (Bonds)
65%
Digital Assets
35%
Ready to invest?
Speak with our Golden Visa experts to discuss which fund is right for you.
Frequently Asked Questions
The main differences include investment focus (Venture Capital vs Crypto), minimum investment amounts (€50,000 vs €100,000), management fees (2.5% vs 2%), and fund managers (Insight Venture - Sociedade de Capital de Risco, S.A. vs Octanova SCR). Each fund has different risk profiles and return targets suited to different investor preferences.
Horizon Fund has the lower management fee at 2% compared to 2.5%. However, consider the total cost including performance fees: BlueWater Capital Fund charges 12.5% performance fee while Horizon Fund charges 20%. The overall value depends on your investment goals and expected returns.
BlueWater Capital Fund requires a minimum investment of €50,000, while Horizon Fund requires €100,000. Both funds meet the Portugal Golden Visa minimum requirement of €500,000. Choose based on your available capital and diversification strategy.
Both BlueWater Capital Fund and Horizon Fund are marketed by their managers as intended for the Portugal Golden Visa program, meeting the minimum €500,000 investment requirement and being properly regulated investment funds. Eligibility must be confirmed with Portuguese legal counsel before investing.
The choice between venture capital (BlueWater Capital Fund) and crypto (Horizon Fund) depends on your risk tolerance and investment goals. Venture capital investments typically offer different risk-return profiles compared to crypto. Consider your portfolio diversification needs and long-term investment strategy.
Redemption terms vary between funds. BlueWater Capital Fund offers standard redemptions, while Horizon Fund provides Monthly redemption opportunities. Check the specific notice periods and any redemption fees that may apply. Consider your liquidity needs when choosing between these options.
All fund data is regularly verified against official sources including fund prospectuses, regulatory filings, and direct communication with fund managers. Data freshness indicators show when each fund's information was last updated. We recommend reviewing the latest fund documents and speaking with the fund managers before making investment decisions.
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