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Greytech III Fund Alternatives | Portugal Golden Visa Investment Funds

Why Consider Alternatives to Greytech III Fund?

Investors exploring alternatives to Greytech III Fund (Private Equity) may be looking for a more competitive fee structure. 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: Greytech III Fund vs Alternatives

FundMin. InvestmentMgmt FeeTarget ReturnTermCategory
Greytech III FundSource€100,0001.75%8–15% p.a.10 yearsPrivate Equity
New Frontiers Energy Fund II€100,0001.50%10–12% p.a.7 yearsPrivate Equity
Greenpower Fund€100,0002.00%10–15% p.a.6 yearsPrivate Equity
QUADRANTIS PRIVATE EQUITY II€100,0001.50%6.5–10% p.a.10 yearsPrivate Equity
Growth Blue Fund€50,0002.00%Not disclosed10 yearsPrivate Equity
Quadrantis Private Equity Credits & Bonds Fund – Subfund B€100,0001.50%10% p.a.5 yearsPrivate Equity
Flex Space Fund€100,0001.50%11.65% p.a.8 yearsPrivate Equity

New Frontiers Energy Fund II

Open

New Frontiers Energy Fund is a CMVM regulated Portuguese private equity fund designed to qualify under Portugal’s €500,000 Golden Visa investment route. Managed by the award winning fund management house FundBox, the fund combines regulatory oversight with institutional grade governance, providing international investors with a compliant and professionally structured pathway to Portuguese residency. The fund achieved its target of 10% annual returns in both 2024 and 2025, investing in early stage solar energy projects that have already received government guarantee and are listed on the official ACORDO list. By focusing on early stage renewable projects within Portugal’s expanding clean energy sector, the strategy aims to capture value at an early phase while benefiting from strong national support for solar infrastructure. The fund is supported by an expert origination team with years of sector experience, ensuring disciplined project selection and execution. To enhance flexibility for international investors, early withdrawals are available subject to fund terms, and subscriptions can be made via Jumbo structures, removing the need to open a Portuguese bank account. New Frontiers Energy Fund is designed for investors seeking Golden Visa eligibility, exposure to Portugal’s renewable energy growth, and access to a regulated, professionally managed investment platform. Non Golden Visa related investments also welcome.

Minimum Investment:

€100,000

Return Target:

10–12% p.a.

Term:

7 years

Category:

Private Equity

Manager:

New Frontiers Energy Fund

Greenpower Fund

Open

The Greenpower Fund is a renewable‑energy infrastructure fund focused on generating stable, recurring operational cash flows through investments in solar and wind energy assets. With flexibility to invest across Europe, the Fund targets projects characterized by predictable revenues, strong margins, and low operational risk. Investment Strategy: The Fund develops and acquires renewable energy projects—mainly photovoltaic and wind—benefiting from long‑term market fundamentals. Renewable energy currently accounts for around 20% of global energy consumption, and this figure is expected to rise to 85% of global electricity production by 2050, representing one of the most significant structural growth trends worldwide. The strategy emphasizes: Cash‑flow visibility through operational assets with contracted or stable revenue profiles Portfolio diversification across technologies and geographies Low operational volatility supported by experienced technical management teams (20+ years) Attractive tax treatment on capital gains and distributions, depending on investor jurisdiction. Governance & Risk Management The Fund operates under a robust governance framework. All investment and divestment decisions are supervised by an Investor Board, including independent advisors. Exposure to any single project is capped at 33% of total fund assets, reinforcing diversification and concentration control. Operational management teams oversee each asset along its lifecycle, from development to ongoing performance monitoring, ensuring rigorous standards in engineering, risk oversight, and financial discipline. Institutional Investor Fit The Greenpower Fund is designed for institutional investors seeking: Infrastructure exposure with long‑term income stability Participation in Europe’s renewable energy expansion through a structured, professionally managed vehicle Predictable return streams driven by real assets and stable operating environments Low correlation with traditional financial markets Distribution‑focused performance, aligned with the cash‑flow generative nature of renewable assets

Minimum Investment:

€100,000

Return Target:

10–15% p.a.

Term:

6 years

Category:

Private Equity

Manager:

BIZ Capital, SGOIC, S.A.

QUADRANTIS PRIVATE EQUITY II

Open

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.

Minimum Investment:

€100,000

Return Target:

6.5–10% p.a.

Term:

10 years

Category:

Private Equity

Manager:

QUADRANTIS CAPITAL

Growth Blue Fund

Open

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.

Minimum Investment:

€50,000

Return Target:

Not disclosed

Term:

10 years

Category:

Private Equity

Manager:

Growth Partners Capital, S.A.

Quadrantis Private Equity Credits & Bonds Fund – Subfund B

Open

A CMVM-recognised private equity fund managed by Quadrantis Capital, combining private equity, credit and high-grade bond investments to target a 10% annual return and provide a Golden Visa-eligible route for investors.

Minimum Investment:

€100,000

Return Target:

10% p.a.

Term:

5 years

Category:

Private Equity

Manager:

Quadrantis Capital

Flex Space Fund

Open

A CMVM-regulated, SFDR Article 8 venture capital fund managed by Insula Capital that invests in Portuguese flexible workspaces, offering Golden Visa–eligible exposure to the “future of work” with targeted dividends from year two onwards.

Minimum Investment:

€100,000

Return Target:

11.65% p.a.

Term:

8 years

Category:

Private Equity

Manager:

Insula Capital SGOIC

Frequently Asked Questions about Greytech III Fund Alternatives

We identified 6 funds with similar investment strategies, categories, and structural characteristics to Greytech III 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 1.67%, which is lower than Greytech III Fund's 1.75%. 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.

Need Expert Introductions?

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