Golden Visa Fund Comparison
IMGA Portuguese Corporate Debt Fund vs Mercúrio Fund II, FCR
Compare IMGA Portuguese Corporate Debt Fund and Mercúrio Fund II, FCR side-by-side: fees, terms, performance metrics, and Golden Visa eligibility.
Debt
IMGA Portuguese Corporate Debt 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 Portuguese Corporate Debt Fund if you prioritize lower management fees and debt 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 Portuguese Corporate Debt Fund
€500,000Mercúrio Fund II, FCR
€100,000Not disclosed
Target Return
Not disclosed
Target Return
IMGA Portuguese Corporate Debt Fund
Not disclosedMercúrio Fund II, FCR
Not disclosed€40.7M
Fund Size
€50M
Fund Size
IMGA Portuguese Corporate Debt Fund
€40.7MMercúrio Fund II, FCR
€50M2004
Established
2025
Established
IMGA Portuguese Corporate Debt Fund
2004Mercúrio Fund II, FCR
2025Fees & Costs
1.7%Best
Management Fee
2%
Management Fee
IMGA Portuguese Corporate Debt Fund
1.7%Mercúrio Fund II, FCR
2%None
Performance Fee
20%
Performance Fee
IMGA Portuguese Corporate Debt Fund
NoneMercúrio Fund II, FCR
20%1.75%
Subscription Fee
2%
Subscription Fee
IMGA Portuguese Corporate Debt Fund
1.75%Mercúrio Fund II, FCR
2%3.5%
Redemption Fee
Not disclosed
Redemption Fee
IMGA Portuguese Corporate Debt Fund
3.5%Mercúrio Fund II, FCR
Not disclosedNot disclosed
Hurdle Rate
5%
Hurdle Rate
IMGA Portuguese Corporate Debt Fund
Not disclosedMercúrio Fund II, FCR
5%Liquidity & Terms
Daily
Redemption
End of Term
Redemption
IMGA Portuguese Corporate Debt Fund
DailyMercúrio Fund II, FCR
End of Term60 months
Lock-up Period
96 months
Lock-up Period
IMGA Portuguese Corporate Debt Fund
60 monthsMercúrio Fund II, FCR
96 monthsNot disclosed
Risk Band
Not disclosed
Risk Band
IMGA Portuguese Corporate Debt Fund
Not disclosedMercúrio Fund II, FCR
Not disclosedDebt
Category
Private Equity
Category
IMGA Portuguese Corporate Debt Fund
DebtMercúrio Fund II, FCR
Private EquityEstimated Fees on €500,000 Investment
Management fees over 6 years (excludes performance fees)
Lower Cost
IMGA Portuguese Corporate Debt Fund
€59,750
Mercúrio Fund II, FCR
€70,000
Geographic Allocation
IMGA Portuguese Corporate Debt Fund
Portugal
65%
Eurozone
30%
Non-Euro Countries
5%
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 (Debt vs Private Equity), minimum investment amounts (€500,000 vs €100,000), management fees (1.7% 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.
IMGA Portuguese Corporate Debt Fund has the lower management fee at 1.7% compared to 2%. However, consider the total cost including performance fees: IMGA Portuguese Corporate Debt Fund charges None performance fee while Mercúrio Fund II, FCR charges 20%. The overall value depends on your investment goals and expected returns.
IMGA Portuguese Corporate Debt 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 Portuguese Corporate Debt 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 debt (IMGA Portuguese Corporate Debt Fund) and private equity (Mercúrio Fund II, FCR) depends on your risk tolerance and investment goals. Debt 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 Portuguese Corporate Debt Fund offers Daily 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.
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