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Golden Visa Fund Comparison

Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado vs Greytech III Fund

Compare Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado and Greytech III 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 Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado and Greytech III 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

Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado

Managed by Fortitude Capital

Unverified
VS
Private Equity

Greytech III Fund

Managed by Iberis Capital

Unverified

Key Differences at a Glance

Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado has a different strategy and structure. Greytech III 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
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
€100,000
Greytech III Fund
€100,000
Fund-stated objective
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
15–20% p.a.
Greytech III Fund
8–15% 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
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
€150M
Greytech III Fund
Not disclosed
Established
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
2025
Greytech III Fund
Not disclosed

Fees & Costs

Management Fee
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
2%
Greytech III Fund
1.75%
Performance Fee
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
20%
Greytech III Fund
22.5%
Subscription Fee
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
5%
Greytech III Fund
Not disclosed
Redemption Fee
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
None
Greytech III Fund
Not disclosed
Hurdle Rate
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
7%
Greytech III Fund
Not disclosed

Liquidity & Terms

Redemption
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
End of Term
Greytech III Fund
Not disclosed
Lock-up Period
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
4 years
Greytech III Fund
10 years
Risk Band
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Aggressive
Greytech III Fund
Not disclosed
Category
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Private Equity
Greytech III Fund
Private Equity

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Geographic Allocation

Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Portugal
60%
Spain
40%
Greytech III Fund: Not disclosed

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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 €100,000), management fees (2% vs 1.75%), and fund managers (Fortitude Capital vs Iberis Capital). Each fund has a different risk profile and return target. This is general information, not a recommendation.

Greytech III Fund has the lower management fee at 1.75% compared to 2%. Also compare the performance fees: Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado charges 20% while Greytech III Fund charges 22.5%. The overall cost depends on each fund's full fee load and is only one factor among many.

Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado requires a minimum investment of €100,000, while Greytech III Fund requires €100,000. 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 Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado and Greytech III 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 — Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado's approach managed by Fortitude Capital versus Greytech III Fund's strategy under Iberis Capital — 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. Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado's listed redemption frequency is End of Term, while Greytech III Fund'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.

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