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Golden Visa Fund Comparison

Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado vs IMGA Portuguese Corporate Debt Fund

Compare Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado and IMGA Portuguese Corporate Debt 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.

Partially Verified Comparison

Data for Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado 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
Debt

IMGA Portuguese Corporate Debt Fund

Managed by IM Gestão de Ativos (IMGA)

Verified Fund

Key Differences at a Glance

Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado has lower minimum investment and private equity exposure. IMGA Portuguese Corporate Debt Fund has lower management fees and debt exposure.

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
IMGA Portuguese Corporate Debt Fund
€500,000
Fund-stated objective
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
15–20% p.a.
IMGA Portuguese Corporate Debt Fund
Not disclosed

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
IMGA Portuguese Corporate Debt Fund
€40.7M
Established
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
2025
IMGA Portuguese Corporate Debt Fund
2004

Fees & Costs

Management Fee
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
2%
IMGA Portuguese Corporate Debt Fund
1.5%
Performance Fee
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
20%
IMGA Portuguese Corporate Debt Fund
None
Subscription Fee
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
5%
IMGA Portuguese Corporate Debt Fund
None
Redemption Fee
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
None
IMGA Portuguese Corporate Debt Fund
None
Hurdle Rate
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
7%
IMGA Portuguese Corporate Debt Fund
Not disclosed

Liquidity & Terms

Redemption
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
End of Term
IMGA Portuguese Corporate Debt Fund
Daily
Lock-up Period
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
4 years
IMGA Portuguese Corporate Debt Fund
5 years
Risk Band
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Aggressive
IMGA Portuguese Corporate Debt Fund
Conservative
Category
Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Private Equity
IMGA Portuguese Corporate Debt Fund
Debt

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Geographic Allocation

Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado
Portugal
60%
Spain
40%
IMGA Portuguese Corporate Debt Fund
Portugal
65%
Eurozone
30%
Non-Euro Countries
5%

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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Frequently Asked Questions

The main differences include investment focus (Private Equity vs Debt), minimum investment amounts (€100,000 vs €500,000), management fees (2% vs 1.5%), and fund managers (Fortitude Capital vs IM Gestão de Ativos (IMGA)). Each fund has a different risk profile and return target. This is general information, not a recommendation.

IMGA Portuguese Corporate Debt Fund has the lower management fee at 1.5% compared to 2%. Also compare the performance fees: Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado charges 20% while IMGA Portuguese Corporate Debt Fund charges None. 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 IMGA Portuguese Corporate Debt Fund requires €500,000. 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 IMGA Portuguese Corporate Debt 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.

Private equity (Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado) and debt (IMGA Portuguese Corporate Debt Fund) sit in different categories with different risk-return profiles. Compare their disclosed fees, lock-up, fund-stated objectives (which are not forecasts or guarantees), and strategies against your own circumstances. 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 IMGA Portuguese Corporate Debt Fund's is Daily. 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. Review the latest fund documents and qualified advisers before making investment decisions.