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Golden Visa Fund Comparison

Explorer V vs INZ Fund

Compare Explorer V and INZ Fund 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 Explorer V and INZ Fund 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

Explorer V

Managed by Explorer Investments

Unverified
VS
Private Equity

INZ Fund

Managed by STAG Fund Management

Unverified

Key Differences at a Glance

Explorer V has a different strategy and structure. INZ Fund has lower management fees and a different entry point.

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
Explorer V
€250,000
INZ Fund
€150,000
Fund-stated objective
Explorer V
20–25% p.a.
INZ Fund
8% 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
Explorer V
Not disclosed
INZ Fund
€50M
Established
Explorer V
Not disclosed
INZ Fund
2023

Fees & Costs

Management Fee
Explorer V
2%
INZ Fund
1.6%
Performance Fee
Explorer V
20%
INZ Fund
15%
Subscription Fee
Explorer V
Not disclosed
INZ Fund
1%
Redemption Fee
Explorer V
Not disclosed
INZ Fund
None
Hurdle Rate
Explorer V
Not disclosed
INZ Fund
6%

Liquidity & Terms

Redemption
Explorer V
Not disclosed
INZ Fund
End of Term
Lock-up Period
Explorer V
10 years
INZ Fund
Not disclosed
Risk Band
Explorer V
Not disclosed
INZ Fund
Balanced
Category
Explorer V
Private Equity
INZ Fund
Private Equity

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Geographic Allocation

Explorer V: Not disclosed
INZ Fund
Portugal
70%
Spain
30%

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 (€250,000 vs €150,000), management fees (2% vs 1.6%), and fund managers (Explorer Investments vs STAG Fund Management). Each fund has a different risk profile and return target. This is general information, not a recommendation.

INZ Fund has the lower management fee at 1.6% compared to 2%. Also compare the performance fees: Explorer V charges 20% while INZ Fund charges 15%. The overall cost depends on each fund's full fee load and is only one factor among many.

Explorer V requires a minimum investment of €250,000, while INZ Fund requires €150,000. 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 Explorer V and INZ Fund 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 — Explorer V's approach managed by Explorer Investments versus INZ Fund's strategy under STAG Fund Management — 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. Explorer V's listed redemption frequency is not disclosed, while INZ Fund's is End of Term. 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.