Fund Snapshot
Key Facts
| Min Investment | €50,000 |
|---|---|
| Open to US | Not confirmed |
| Lock-up | 10 years |
| Fund Size (AUM) | €50M |
Fees
| Management Fee | 2% |
|---|---|
| Performance Fee | 20% |
Additional Details
| NAV Frequency | Annual |
|---|---|
| Established | 2024 |
| Regulated By | CMVM – Comissão do Mercado de Valores Mobiliários |
Compliance
Figures are reported by the fund manager. Movingto verification of this profile is pending.
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.
Investor decision panel
What to know before shortlisting this fund
Profile facts
- Strategy recorded as Private Equity.
- Status recorded as open for subscriptions.
- Manager-reported risk band: Aggressive.
Confirm before shortlisting
- Confirm the stated 120-month lock-up against current fund documents.
- US-person onboarding and FATCA/PFIC handling are not confirmed.
Key unknowns
- CMVM ID
- Custodian
- Redemptions
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.
Historical Performance
About the Fund
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.
Growth Blue – Fundo de Capital de Risco Fechado is a private equity fund dedicated to scaling SMEs and Mid-Caps operating within the Blue Economy, with a particular focus on companies established in Portugal. The fund is managed by Growth Partners Capital and brings together more than two decades of investment experience in the Iberian Peninsula. Its strategy centres on acquiring meaningful equity and quasi-equity positions, typically between 40% and 60%, allowing the fund to participate actively in strategic decision-making, governance oversight, and long-term value creation. A defining feature of Growth Blue is the presence of the European Investment Fund as an anchor investor, supported by the Capital and Quasi-Capital Funds of Banco Português de Fomento and the European Commission’s InvestEU program. This institutional backing provides additional credibility and aligns the fund with broader European objectives in sustainable economic development. The fund’s investment policy promotes environmental and social characteristics by targeting companies that contribute to the Blue Economy while excluding those operating in sectors deemed incompatible with sustainability criteria. Each investment undergoes a detailed due diligence process that assesses governance structures, board practices, compensation frameworks, risk controls, and operational integrity. Growth Partners Capital often places a representative on the board of each investee company to ensure continued oversight and alignment with best-practice governance. With at least 85% of its capital deployed in Portugal and the remainder across the European Union, Growth Blue aims to support businesses with strong fundamentals, scalable models, and potential for both organic and inorganic expansion. As a closed-end fund with a defined term and CMVM supervision, it offers a structured approach to long-term private equity investing in one of Europe’s fastest-growing sustainability-orientated sectors.
Regulatory Identifiers
We source from CMVM-regulated managers where applicable. Verify each fund's registration and GV suitability with counsel.
| ISIN | PTGWTKIM0009 (Cat. B), PTGWTLIM0008 (Cat. C) |
|---|
Fund Documents
Provided by the fund manager. Review the fund's official documents before subscribing; Movingto has not independently verified their contents.
Key Terms
| Minimum Investment | €50,000 |
|---|---|
| Fund Structure | Private Equity |
| Lock-up Period | 10 years |
| Domicile | Portugal |
| Custodian | Not disclosed |
| Auditor | Forvis Mazars |
| ISIN | PTGWTKIM0009 (Cat. B), PTGWTLIM0008 (Cat. C) |
| Typical Ticket | Not disclosed |
| Risk Band | Aggressive |
| Fund Status | Open |
| Inception Date | 2024 |
Figures are reported by the fund manager. Movingto verification of this profile is pending. Terms may vary by investor class.
Fees
Fee Structure
8% preferred return hurdle
Fee Calculator
Geographic Allocation
Redemption Terms
| Lock-up Period | 120 months (10y) |
|---|
Additional Terms
Growth Blue is a closed-end private equity fund with no redemption rights during its full 10-year term. Units cannot be redeemed early under any circumstances. Transfers are only possible through private secondary transactions, subject to manager approval, KYC/AML checks, and CMVM rules. Investors should expect their capital to remain fully locked until the end of the fund’s life or final liquidation of its portfolio.
Redemption terms may vary by investor class. Verify details with the fund manager.
Fund Category
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Regulatory & Compliance
Always confirm regulatory details with the fund manager and legal counsel before investing.
Get in touch about Growth Blue Fund
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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.