Golden Visa Fund Comparison

Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado vs IMGA Ações Portugal Fund

Compare Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado and IMGA Ações Portugal 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

Other

IMGA Ações Portugal Fund

Managed by IM Gestão de Ativos (IMGA)

Unverified

Quick Decision Guide

Choose Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado if you prioritize lower management fees and private equity exposure. Choose IMGA Ações Portugal Fund if you prefer manageable entry point and other exposure.

Key Financials

€100,000

Min. Investment

Best€500

Min. Investment

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

€100,000

IMGA Ações Portugal Fund

€500

Best

15–20% p.a.

Target Return

20% p.a.

Target Return

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

15–20% p.a.

IMGA Ações Portugal Fund

20% p.a.

€150M

Fund Size

€410.7M

Fund Size

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

€150M

IMGA Ações Portugal Fund

€410.7M

2025

Established

1995

Established

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

2025

IMGA Ações Portugal Fund

1995

Fees & Costs

2%Best

Management Fee

2.175%

Management Fee

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

Best

IMGA Ações Portugal Fund

2.175%

20%

Performance Fee

None

Performance Fee

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

20%

IMGA Ações Portugal Fund

None

Subscription Fee

Not disclosed

Subscription Fee

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

IMGA Ações Portugal Fund

Not disclosed

Redemption Fee

Not disclosed

Redemption Fee

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

Not disclosed

IMGA Ações Portugal Fund

Not disclosed

Hurdle Rate

Not disclosed

Hurdle Rate

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

IMGA Ações Portugal Fund

Not disclosed

Liquidity & Terms

End of Term

Redemption

Daily

Redemption

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

End of Term

IMGA Ações Portugal Fund

Daily

48 months

Lock-up Period

Not disclosed

Lock-up Period

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

48 months

IMGA Ações Portugal Fund

Not disclosed

Risk Band

Not disclosed

Risk Band

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

Not disclosed

IMGA Ações Portugal Fund

Not disclosed

Private Equity

Estimated 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

IMGA Ações Portugal Fund

Fees not disclosed

Cost comparison unavailable — one or more funds have not disclosed their fee structure.

Geographic Allocation

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

Portugal

60%

Spain

40%

IMGA Ações Portugal Fund

Portugal

100%

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 Other), minimum investment amounts (€100,000 vs €500), management fees (2% vs 2.175%), and fund managers (Fortitude Capital vs IM Gestão de Ativos (IMGA)). Each fund has different risk profiles and return targets suited to different investor preferences.

Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado has the lower management fee at 2% compared to 2.175%. However, consider the total cost including performance fees: Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado charges 20% performance fee while IMGA Ações Portugal Fund charges None. 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 IMGA Ações Portugal Fund requires €500. 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 IMGA Ações Portugal 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 other (IMGA Ações Portugal Fund) depends on your risk tolerance and investment goals. Private equity investments typically offer different risk-return profiles compared to other. 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 IMGA Ações Portugal 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.