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Explorer V

Explorer Investments

Explorer V

Open for subscriptions
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Explorer V

Explorer V is a closed-end alternative investment fund regulated by CMVM (ID: 2199) and managed by Explorer Investments, investing in private equity with a minimum commitment of €250,000.

Regulator
CMVM (ID: 2199)
ISIN
PTEXVDIM0005
Strategy
Private Equity
Min. Investment
€250,000
Fund Size
Not disclosed
Management Fee
2%
Performance Fee
20%
Lock-up
Not disclosed
Redemptions
Not disclosed
Status
Open
GV-intended
Manager-stated GV intent
Sources vary by field; hover icons show source tier.|Last updated: |Verify on CMVM registry

Investor decision panel

What to know before shortlisting this fund

Data completenessLimited (55%)
Last evidence checkJune 2, 2026

Best for

  • Investors seeking private equity exposure through a Portugal-regulated fund.
  • Investors who need a fund currently open for subscriptions.

Avoid if

  • You need clear liquidity terms before first contact.
  • You are a US person and need confirmed FATCA/PFIC handling.

Key unknowns

  • Fund size
  • Custodian
  • Auditor
  • Redemptions
  • Lock-up

Main diligence flags

  • No major flags detected. Confirm current documents before investing.

Golden Visa note: The manager states this fund is intended for Golden Visa applicants, but this claim is not shown as independently verified here.

Fund Snapshot

Key Facts

Min Investment€250,000
Open to USNot confirmed
Lock-up120 months
Fund Size (AUM)Not disclosed

Fees

%Management Fee2%
%Performance Fee20%

Additional Details

Established2026
CMVM ID2199
Regulated ByCMVM

Compliance

CMVM #2199

Capital at risk. Past performance isn't indicative of future returns. Figures are shown in euro (EUR); fees reduce returns, and for investors funding from another currency amounts may rise or fall with exchange rates. This is not investment advice.

Historical Performance

No monthly performance data available
Monthly returns, AUM, and NAV will appear when provided by the manager.

About the Fund

Explorer V is a CMVM-regulated private equity fund managed by Explorer Investments, focused on control investments in high-potential Portuguese companies. Backed by over 20 years of experience, the fund transforms lower mid-market businesses through active ownership, operational improvements, and international expansion.

Regulatory Identifiers

We source from CMVM-regulated managers where applicable. Verify each fund's registration and GV suitability with counsel.

CMVM Registration2199
ISINPTEXVDIM0005

Key Terms

Minimum Investment€250,000
Fund StructurePrivate Equity
Fund Term10 years
DomicilePortugal
CustodianNot disclosed
AuditorNot disclosed
ISINPTEXVDIM0005
Typical TicketNot disclosed
Risk BandNot disclosed
Fund Status
Open
Inception Date2026

Information as reported by fund manager. Terms may vary by investor class.

Fees

Fee Structure

Management Fee2%
Performance Fee20%

Fee Calculator

EUR
Incomplete estimate: Performance fee depends on actual returns above any hurdle and is not included in the annual cost estimate.
Annual management fee:€5,000
Performance fee:Depends on returns
Known annual cost:€5,000
Performance fees depend on actual returns above any hurdle. Missing fee disclosures are diligence gaps, not zero-cost assumptions. The annual management fee recurs every year and compounds to reduce your total return over the holding period; performance fees, when charged, reduce returns further — see the investment calculator on this page for the cumulative impact. Amounts are shown in EUR; if you fund from another currency, what you pay may rise or fall with exchange rates.

Regulatory & Compliance

CMVM Registration2199
AuditorNot disclosed
CustodianNot disclosed
NAV FrequencyNot disclosed
PFIC/QEF Status
Status Unknown

Always confirm regulatory details with the fund manager and legal counsel before investing.

Fund Team

1 team member

Team members are employed by the fund manager, not Movingto. Profiles listed for directory comparison.

MCS
Investor Relations

Maria Campos Silva is part of the Corporate Development team at Explorer Investments, where she focuses on Investor Relations, with a particular...

Ask Movingto about Explorer V

Share your fund-route questions with Movingto. Your enquiry comes to our team first, with the fund context retained for internal routing.

Disclaimer: Your enquiry goes to Movingto. Movingto does not provide investment advice or introduce visitors directly to fund managers from this site. 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.

Important Notice for Investors

You invest in units or shares of the fund, not directly in its underlying assets. Investment in funds involves risks, including the possible loss of principal. Where a fund is described as sustainable, ESG, or impact-oriented, those characteristics reflect the fund's own disclosures — check the fund's documents and any SFDR classification; a sustainability label does not by itself determine return or risk. Please read all fund documentation carefully before making any investment decisions. Past performance is not indicative of future results.

Fund Tags

Explorer V

Min Investment

€250,000

Fund-stated objective

20–25% p.a.

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.

Investment Calculator

Project potential returns based on your investment parameters

Display returns after disclosed management and performance fees

€

Fund minimum: €250,000

Typical holding period

%

Fund target: 20–25% p.a.

Investment Risk Disclosure: The figures shown are an illustration, not a forecast. They are an estimate of future performance based on your own assumptions and on how this type of investment has behaved and/or on current market conditions, and are not an exact indicator — what you actually get will vary with market performance and how long you stay invested. This investment may result in a financial loss, as there is no capital guarantee. Past performance does not guarantee future results. Any future return is also subject to taxation, which depends on your personal situation and may change. Figures are shown in euro (EUR); if you fund from another currency, the amounts you pay and receive may rise or fall with exchange-rate movements. Confirm details against the fund's own documents and a qualified financial adviser before making any investment decision.

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Frequently Asked Questions

Verify current subscription documents, fee schedule, liquidity terms, tax treatment, custodian/auditor evidence, and fund-route evidence with Portuguese legal counsel. Current key unknowns: Fund size, Custodian, Auditor, Redemptions, Lock-up.

The listed minimum investment is €250,000. Redemption frequency is not disclosed and lock-up is not disclosed. Confirm final terms in the fund documents.

This profile currently has limited data completeness (55%). No major flags are currently detected.

No. Verification means selected regulatory, identity, and document checks have been reviewed. It is not financial advice, a suitability assessment, or a guarantee of a Golden Visa outcome or investment performance.

The listed fund-stated objective is 20–25% p.a.. Past performance and stated objectives are not forecasts or guarantees. Model net returns only after confirming complete fee and liquidity terms.

Compliance & Structural Details

The profile lists CMVM ID 2199. Investors should verify current registry status and documents before subscribing.

Management fee: 2%. Performance fee: 20%. Subscription fee: Not disclosed. Missing fee fields should be treated as diligence gaps, not as zero-cost assumptions.

The profile marks this fund as Golden Visa intended. Fund-route evidence must still be confirmed against current law, fund documents, and the applicant's own legal file.

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