Flex Space Fund Alternatives | Portugal Golden Visa Investment Funds
Why Consider Alternatives to Flex Space Fund?
Investors exploring alternatives to Flex Space Fund (Private Equity) may be looking for a different risk profile or strategy focus, or diversification across fund managers. Below are 6 funds with comparable strategies and Golden Visa eligibility that you can evaluate side-by-side.
All alternatives are selected based on category, investment strategy, and structural similarity. Golden Visa eligibility must be confirmed with Portuguese legal counsel for any specific fund.
Quick Comparison: Flex Space Fund vs Alternatives
| Fund | Min. Investment | Mgmt Fee | Target Return | Term | Category |
|---|---|---|---|---|---|
| Flex Space FundSource | €100,000 | 1.50% | 11.65% p.a. | 8 years | Private Equity |
| Lince Growth Fund I, FCR | €100,000 | 1.50% | 15–20% p.a. | 8 years | Private Equity |
| Mercúrio Fund II, FCR | €100,000 | 2.00% | Not disclosed | 8 years | Private Equity |
| INZ Fund | €150,000 | 1.60% | 8% p.a. | 8 years | Private Equity |
| Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado | €100,000 | 2.00% | 15–20% p.a. | 4 years | Private Equity |
| Growth Blue Fund | €50,000 | 2.00% | Not disclosed | 10 years | Private Equity |
| QUADRANTIS PRIVATE EQUITY II | €100,000 | 1.50% | 6.5–10% p.a. | 10 years | Private Equity |
Lince Growth Fund I, FCR is a regulated Portuguese growth-equity fund investing in established, revenue-generating SMEs. Focused on industrial, healthcare, agri-food, and tech companies, it targets scalable businesses that need capital to modernise, expand, or internationalise. Fully compliant with Golden Visa rules, it provides exposure to Portugal’s real economy with professional, active management.
€100,000
15–20% p.a.
8 years
Private Equity
Lince Capital, SCR, S.A.
Mercúrio Fund II, FCR✓ VERIFIED
Mercúrio Fund II, FCR is a closed-ended private equity fund managed by Oxy Capital, focused on acquiring and transforming mature Portuguese SMEs. Launched in 2025, it targets special situations, operational turnarounds, and growth-stage opportunities while remaining fully compliant with Portugal’s post-2023 Golden Visa rules and maintaining zero real-estate exposure.
€100,000
Not disclosed
8 years
Private Equity
Oxy Capital
INZ is a closed-ended Private Equity fund focused on renewable energy and energy-efficiency assets across Iberia, fully engineered for Golden Visa eligibility. Managed by STAG Fund Management and in line with UN Sustainable Development Goals, the fund aims to create steady, long-term value by investing in distributed solar, clean transportation, and low-carbon infrastructure using a careful, impact-focused approach.
€150,000
8% p.a.
8 years
Private Equity
STAG Fund Management
Fortitude Portugal Special Situations II is a CMVM-regulated private equity fund focused on special situations across Portugal and Iberia. Backed by institutional partners and led by former Goldman Sachs leadership, the fund targets event-driven opportunities in industries from energy to hospitality. It aims for 15–20% net returns while remaining eligible for Portugal’s Golden Visa program.
€100,000
15–20% p.a.
4 years
Private Equity
Fortitude Capital
Growth Blue is a closed-end private equity fund focused on Portugal’s Blue Economy, investing in SMEs and Mid-Caps with strong operational foundations and clear growth potential. Supported by the European Investment Fund and overseen by CMVM, it aims to create value by actively managing its investments and following a policy that focusses on sustainability.
€50,000
Not disclosed
10 years
Private Equity
Growth Partners Capital, S.A.
QUADRANTIS PRIVATE EQUITY II✓ VERIFIED
The fund adopts a diversified and risk-focused strategy based on two core pillars: secured credit and investment-grade bonds. It finances contracts between established entities with strong guarantees and protective mechanisms, enhancing security for investors. In parallel, the fund invests in BBB to AAA-rated government and corporate bonds from Portugal and international markets, aiming to deliver stable and consistent returns while preserving capital.
€100,000
6.5–10% p.a.
10 years
Private Equity
QUADRANTIS CAPITAL
Frequently Asked Questions about Flex Space Fund Alternatives
We identified 6 funds with similar investment strategies, categories, and structural characteristics to Flex Space Fund. These alternatives are selected based on category (Private Equity), strategy overlap, and Golden Visa eligibility intent. Each fund should be evaluated independently—similarity does not mean identical risk or return profiles.
The average management fee across 6 alternatives is 1.77%, which is higher than Flex Space Fund's 1.50%. Always compare total cost including performance fees, subscription fees, and fund expenses.
6 of 6 alternatives are marketed for the Portugal Golden Visa fund route (per manager statements). However, Golden Visa eligibility must be confirmed with Portuguese legal counsel for any specific fund. The fund route commonly requires €500,000+ invested into qualifying funds.
Compare on: (1) fees and total cost structure, (2) lock-up terms and liquidity, (3) manager track record, (4) underlying strategy and diversification, (5) verification status and data transparency, and (6) Golden Visa documentation quality. Use the comparison table above to evaluate key metrics side-by-side, and request introductions to fund managers for detailed due diligence.
No. Movingto Funds provides information and introductions for Golden Visa funds and Portugal Golden Visa investment funds. We do not provide investment advice or recommend any specific fund. Always obtain independent financial advice and Portuguese legal advice before investing.
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