Golden Visa Fund Comparison
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado vs Heed Top Investment Fund
Compare Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado and Heed Top Investment Fund side-by-side: fees, terms, performance metrics, and Golden Visa eligibility.
Private Equity
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Managed by Fortitude Capital
Unverified
VS
Debt
Heed Top Investment Fund
Managed by Heed Capital
Unverified
Quick Decision Guide
Choose Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado if you prioritize private equity exposure. Choose Heed Top Investment Fund if you prefer lower management fees and manageable entry point.
Key Financials
€100,000
Min. Investment
€100,000
Min. Investment
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
€100,000Heed Top Investment Fund
€100,00015–20% p.a.Best
Target Return
5% p.a.
Target Return
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
15–20% p.a.Heed Top Investment Fund
5% p.a.€150M
Fund Size
€17.3M
Fund Size
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
€150MHeed Top Investment Fund
€17.3M2025
Established
2024
Established
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
2025Heed Top Investment Fund
2024Fees & Costs
2%
Management Fee
Best1.5%
Management Fee
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
2%Heed Top Investment Fund
1.5%20%
Performance Fee
20%
Performance Fee
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
20%Heed Top Investment Fund
20%5%
Subscription Fee
2%
Subscription Fee
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
5%Heed Top Investment Fund
2%Not disclosed
Redemption Fee
Not disclosed
Redemption Fee
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Not disclosedHeed Top Investment Fund
Not disclosed7%
Hurdle Rate
5%
Hurdle Rate
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
7%Heed Top Investment Fund
5%Liquidity & Terms
End of Term
Redemption
Daily
Redemption
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
End of TermHeed Top Investment Fund
Daily48 months
Lock-up Period
Not disclosed
Lock-up Period
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
48 monthsHeed Top Investment Fund
Not disclosedNot disclosed
Risk Band
Not disclosed
Risk Band
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Not disclosedHeed Top Investment Fund
Not disclosedPrivate Equity
Category
Debt
Category
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Private EquityHeed Top Investment Fund
DebtEstimated Fees on €500,000 Investment
Management fees over 6 years (excludes performance fees)
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
€85,000
Lower Cost
Heed Top Investment Fund
€55,000
Geographic Allocation
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Portugal
60%
Spain
40%
Heed Top Investment Fund
Portugal
60%
Other EU
30%
International
10%
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 (Private Equity vs Debt), minimum investment amounts (€100,000 vs €100,000), management fees (2% vs 1.5%), and fund managers (Fortitude Capital vs Heed Capital). Each fund has different risk profiles and return targets suited to different investor preferences.
Heed Top Investment Fund has the lower management fee at 1.5% compared to 2%. However, consider the total cost including performance fees: Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado charges 20% performance fee while Heed Top Investment Fund charges 20%. The overall value depends on your investment goals and expected returns.
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado requires a minimum investment of €100,000, while Heed Top Investment 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 Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado and Heed Top Investment 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 private equity (Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado) and debt (Heed Top Investment Fund) depends on your risk tolerance and investment goals. Private equity investments typically offer different risk-return profiles compared to debt. Consider your portfolio diversification needs and long-term investment strategy.
Redemption terms vary between funds. Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado offers End of Term redemptions, while Heed Top Investment Fund provides Daily 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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