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Golden Visa Fund Comparison

IMGA Futurum Tech Fund vs Mercúrio Fund II, FCR

Compare IMGA Futurum Tech Fund and Mercúrio Fund II, FCR 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 IMGA Futurum Tech 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.

Venture Capital

IMGA Futurum Tech Fund

Managed by IM Gestão de Ativos (IMGA)

Unverified
VS
Private Equity

Mercúrio Fund II, FCR

Managed by Oxy Capital

Verified Fund

Key Differences at a Glance

IMGA Futurum Tech Fund has venture capital exposure. Mercúrio Fund II, FCR has a different entry point and private equity 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
IMGA Futurum Tech Fund
€500,000
Mercúrio Fund II, FCR
€100,000
Fund-stated objective
IMGA Futurum Tech Fund
Not disclosed
Mercúrio Fund II, FCR
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
IMGA Futurum Tech Fund
€50M
Mercúrio Fund II, FCR
€50M
Established
IMGA Futurum Tech Fund
2024
Mercúrio Fund II, FCR
2025

Fees & Costs

Management Fee
IMGA Futurum Tech Fund
2%
Mercúrio Fund II, FCR
2%
Performance Fee
IMGA Futurum Tech Fund
None
Mercúrio Fund II, FCR
20%
Subscription Fee
IMGA Futurum Tech Fund
None
Mercúrio Fund II, FCR
2%
Redemption Fee
IMGA Futurum Tech Fund
None
Mercúrio Fund II, FCR
None
Hurdle Rate
IMGA Futurum Tech Fund
Not disclosed
Mercúrio Fund II, FCR
5%

Liquidity & Terms

Redemption
IMGA Futurum Tech Fund
Not disclosed
Mercúrio Fund II, FCR
End of Term
Lock-up Period
IMGA Futurum Tech Fund
8 years
Mercúrio Fund II, FCR
8 years
Risk Band
IMGA Futurum Tech Fund
Aggressive
Mercúrio Fund II, FCR
Aggressive
Category
IMGA Futurum Tech Fund
Venture Capital
Mercúrio Fund II, FCR
Private Equity

Have questions about these funds?

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Geographic Allocation

IMGA Futurum Tech Fund
Portugal
70%
Europe
30%
Mercúrio Fund II, FCR
Portugal
80%
International
20%

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

Both funds have the same management fee of 2%. Consider the total cost including performance fees: IMGA Futurum Tech Fund charges None while Mercúrio Fund II, FCR charges 20%.

IMGA Futurum Tech Fund requires a minimum investment of €500,000, while Mercúrio Fund II, FCR 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 IMGA Futurum Tech Fund and Mercúrio Fund II, FCR 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.

Venture capital (IMGA Futurum Tech Fund) and private equity (Mercúrio Fund II, FCR) 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. IMGA Futurum Tech Fund's listed redemption frequency is not disclosed, while Mercúrio Fund II, FCR'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. Review the latest fund documents and qualified advisers before making investment decisions.

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