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, performance metrics, and Golden Visa eligibility.
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 Partner
Quick Decision Guide
Choose IMGA Futurum Tech Fund if you prioritize venture capital exposure. Choose Mercúrio Fund II, FCR if you prefer manageable entry point and private equity exposure.
Key Financials
€500,000
Min. Investment
Best€100,000
Min. Investment
IMGA Futurum Tech Fund
€500,000Mercúrio Fund II, FCR
€100,000Not disclosed
Target Return
Not disclosed
Target Return
IMGA Futurum Tech Fund
Not disclosedMercúrio Fund II, FCR
Not disclosed€50M
Fund Size
€50M
Fund Size
IMGA Futurum Tech Fund
€50MMercúrio Fund II, FCR
€50M2024
Established
2025
Established
IMGA Futurum Tech Fund
2024Mercúrio Fund II, FCR
2025Fees & Costs
2%
Management Fee
2%
Management Fee
IMGA Futurum Tech Fund
2%Mercúrio Fund II, FCR
2%None
Performance Fee
20%
Performance Fee
IMGA Futurum Tech Fund
NoneMercúrio Fund II, FCR
20%Not disclosed
Subscription Fee
2%
Subscription Fee
IMGA Futurum Tech Fund
Not disclosedMercúrio Fund II, FCR
2%Not disclosed
Redemption Fee
Not disclosed
Redemption Fee
IMGA Futurum Tech Fund
Not disclosedMercúrio Fund II, FCR
Not disclosedNot disclosed
Hurdle Rate
5%
Hurdle Rate
IMGA Futurum Tech Fund
Not disclosedMercúrio Fund II, FCR
5%Liquidity & Terms
Available
Redemption
End of Term
Redemption
IMGA Futurum Tech Fund
AvailableMercúrio Fund II, FCR
End of Term96 months
Lock-up Period
96 months
Lock-up Period
IMGA Futurum Tech Fund
96 monthsMercúrio Fund II, FCR
96 monthsNot disclosed
Risk Band
Not disclosed
Risk Band
IMGA Futurum Tech Fund
Not disclosedMercúrio Fund II, FCR
Not disclosedVenture Capital
Category
Private Equity
Category
IMGA Futurum Tech Fund
Venture CapitalMercúrio Fund II, FCR
Private EquityEstimated Fees on €500,000 Investment
Management fees over 6 years (excludes performance fees)
IMGA Futurum Tech Fund
Fees not disclosed
Mercúrio Fund II, FCR
€70,000
Cost comparison unavailable — one or more funds have not disclosed their fee structure.
Geographic Allocation
IMGA Futurum Tech Fund
Portugal
70%
Europe
30%
Mercúrio Fund II, FCR
Portugal
80%
International
20%
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 (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 different risk profiles and return targets suited to different investor preferences.
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. Both funds meet the Portugal Golden Visa minimum requirement of €500,000. Choose based on your available capital and diversification strategy.
Both IMGA Futurum Tech Fund and Mercúrio Fund II, FCR 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 venture capital (IMGA Futurum Tech Fund) and private equity (Mercúrio Fund II, FCR) depends on your risk tolerance and investment goals. Venture capital investments typically offer different risk-return profiles compared to private equity. Consider your portfolio diversification needs and long-term investment strategy.
Redemption terms vary between funds. IMGA Futurum Tech Fund offers standard redemptions, while Mercúrio Fund II, FCR provides End of Term 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.
Related Comparisons
OthervsVenture Capital
3CC Portugal Golden Income Fund vs BlueWater Capital Fund
OthervsVenture Capital
3CC Portugal Golden Income Fund vs Crown Investments Fund
OthervsVenture Capital
3CC Portugal Golden Income Fund vs Digital Insight Fund
OthervsPrivate Equity
3CC Portugal Golden Income Fund vs Emerald Green Fund
OthervsPrivate Equity
3CC Portugal Golden Income Fund vs Flex Space Fund
OthervsPrivate Equity
3CC Portugal Golden Income Fund vs Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado