Horizon Fund
Octanova
Horizon Fund
Horizon Fund
Horizon Fund is an open-ended alternative investment fund regulated by CMVM – Comissão do Mercado de Valores Mobiliários (Portugal) (ID: 2122) and managed by Octanova, investing in crypto with a minimum commitment of €100,000 and a 60-month lock-up period.
- Manager
- Octanova
- Regulator
- CMVM – Comissão do Mercado de Valores Mobiliários (Portugal) (ID: 2122)
- ISIN
- PTEBEEHM0002
- Strategy
- Crypto
- Min. Investment
- €100,000
- Typical GV Ticket
- €500,000
- Fund Size
- €40.5M
- Management Fee
- 2%
- Performance Fee
- 20% (2% hurdle)
- Lock-up
- 60 months
- Redemptions
- Monthly
- Custodian
- Millennium BCP
- Auditor
- Ernst & Young (EY)
- Status
- Open
- GV-intended
- Verified GV-intended
Investor decision panel
What to know before shortlisting this fund
Best for
- Investors seeking crypto exposure through a Portugal-regulated fund.
- Investors who need a fund currently open for subscriptions.
- Investors comfortable with a balanced risk profile.
Avoid if
- You need liquidity before the stated 60-month lock-up period.
- You are a US person and need confirmed FATCA/PFIC handling.
Key unknowns
- No critical unknowns detected from the current structured profile.
Main diligence flags
- No major flags detected. Confirm current documents before investing.
Golden Visa note: The fund is marked as Golden Visa intended and has passed Movingto verification. Eligibility still depends on the applicant file and current legal review.
Fund Snapshot
Key Facts
Fees
Additional Details
Compliance
Capital at risk. Past performance isn't indicative of future returns. This is not investment advice.
Verification, Completeness & Freshness
Movingto's legal review confirms selected regulatory, identity, and document checks. It does not mean every profile field is complete, current, or an investment recommendation. Learn about our 8-point fund verification process
- CMVM registration confirmed
- Regulatory status reviewed
- ISIN reviewed
- Fund manager identity reviewed
- Available fee fields reviewed
- Custodian details reviewed
Historical Performance
Cumulative returns compounded from monthly data
Disclaimer: Historical performance is not indicative of future results. Past performance does not guarantee future returns. All investments carry risk of loss.
Fund Overview
About the Fund
Horizon Fund is an open-ended, CMVM-regulated alternative fund that blends Portuguese fixed income with exposure to large-cap digital assets. Managed by Octanova SCR, it aims for long-term growth and eligibility for the Golden Visa by investing 65% in high-quality Portuguese bonds and up to 35% in BTC, ETH, and SOL through regulated custodians.
Horizon Fund is an open-ended alternative investment fund designed for professional and well-informed investors who want both Portuguese residency and exposure to digital assets within a regulated structure. Managed by Octanova SCR and supervised by the CMVM, the fund aims to deliver attractive risk-adjusted returns while meeting the Golden Visa fund route requirements. The portfolio uses a "barbell" strategy: about 65% is invested in Portuguese fixed income, mainly from big, publicly listed companies in the PSI-20 index, with no more than 10% in any one company and aiming This core is intended to provide income, capital preservation, and lower volatility. Up to 35% is invested in digital assets, focused on BTC, ETH, and SOL, accessed through ETFs or institutional-grade custodians. This sleeve seeks asymmetric upside and diversification, supported by growing institutional adoption of crypto as an asset class. Structurally, Horizon is set up as a Fundo de Investimento Alternativo Aberto Flexível, with monthly subscriptions and redemptions (early-exit fees apply before the five-year Golden Visa horizon). The minimum capital requirement is €100,000, with a fund-level target size of up to €100 million. Millennium BCP acts as depositary bank and EY as auditor, adding an extra layer of operational oversight. For eligible non-EU investors, putting in €500,000 for units that meet Golden Visa requirements can lead to a 5-year process for getting Portuguese citizenship, allowing visa-free travel in the Schengen Area, and having fewer In return, investors must accept meaningful exposure to crypto-asset volatility, interest rate and credit risk in the bond book, and a higher fee structure than traditional plain-vanilla fixed-income funds. Overall, Horizon Fund is designed as a flexible and forward-looking Golden Visa option for investors who trust in the long-term value of digital assets but prefer to have that investment in a safe, varied, and regulated fund that focuses on fixed income.
Regulatory Identifiers
We source from CMVM-regulated managers where applicable. Verify each fund's registration and GV suitability with counsel.
Fund Manager
Key Terms
Key Terms
Information as reported by fund manager. Terms may vary by investor class.
Financial Details
Fees
Fee Structure
Fee Calculator
Geographic Allocation
Redemption Terms
Redemptions are allowed monthly with 15-day notice. Early-exit redemptions within the first 5 years incur a 3% fee. For Golden Visa applicants, units must be held for at least 5 years to maintain eligibility.
Redemption terms may vary by investor class. Verify details with the fund manager.
Fund Structure
Fund Category
Regulatory & Compliance
Always confirm regulatory details with the fund manager and legal counsel before investing.
Team Information
Fund Team
9 team members
Team members are employed by the fund manager, not Movingto. Profiles listed for directory comparison.
Sónia Magalhaes is a managing partner at Octanova SCR, leading the firm’s strategy across alternative assets, digital finance, and deep-tech venture...
Henrique Anjos is a partner at Octanova SCR and a seasoned investment banker with more than 15 years of experience across Europe, North Africa, and...
Pedro Marinho de Castro is a partner at Octanova SCR with over 25 years of experience in corporate and private banking, private equity, family...
Cláudia Balugas Quintas is the Finance Manager at Octanova SCR, bringing nearly two decades of experience in operational finance, middle-office...
Marcello Cavalcanti is a senior director at Octanova's Horizon Fund, bringing more than 25 years of global market experience across derivatives...
Stenio Franco is a Senior Director at Octanova, bringing more than twenty years of experience in cross-border M&A, private equity, venture capital...
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Enquire About Horizon Fund
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Disclaimer: This enquiry does not constitute investment advice or a commitment to invest. All investments carry risk. Past performance does not guarantee future results.
Important Notice for Investors
Investment in funds involves risks, including the possible loss of principal. Please read all fund documentation carefully before making any investment decisions. Past performance is not indicative of future results.
Using Industry Assumptions
This fund hasn't specified target returns. You can adjust the assumptions below to project potential outcomes.Contact the fund for precise targets.
Investment Calculator
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Display returns after disclosed management and performance fees
Fund minimum: €100,000
Typical holding period
Industry average assumption
Using Industry Assumptions: This projection uses market averages as the fund hasn't specified target returns. Actual performance may differ significantly. Contact the fund manager for fund-specific projections.
Investment Risk Disclosure: These projections are for illustrative purposes only and do not guarantee future performance. Past performance is not indicative of future results. All investments carry risk, including potential loss of principal. Consult with a qualified financial advisor before making investment decisions.
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Quadrantis CapitalFrequently Asked Questions
The fund aims to deliver stable, low-volatility returns through a portfolio of Portuguese corporate bonds while capturing upside from large-cap digital assets such as Bitcoin and Ethereum. It is designed as a balanced, future-ready strategy suitable for Golden Visa investors.
Performance comes from two sources: interest income from a diversified basket of Portuguese fixed-income issuers, and capital appreciation from digital assets. The combination supports downside protection while providing asymmetric upside during crypto growth cycles.
The fund only invests in large-cap, highly liquid digital assets, primarily Bitcoin and Ethereum. It does not invest in small-cap tokens, DeFi coins, or high-risk speculative assets.
Approximately 65% of the portfolio is allocated to bonds issued by 16–20 Portuguese PSI-20 corporates, with a maximum exposure of 10% per issuer. This structure provides diversification and minimizes issuer-specific risk.
It is an open-ended fund with monthly subscriptions and monthly redemptions, subject to a 5-year early-redemption fee for Golden Visa investors.
Yes. The fund allocates over 60% to eligible Portuguese assets, maintains a regulated structure under CMVM supervision, and provides the required manager attestation confirming Golden Visa suitability.
The minimum investment commitment is €100,000, with investors commonly subscribing €500,000 to satisfy Golden Visa requirements.
Subscriptions and redemptions occur monthly. A 15-day notice period applies. Early exits before the 5-year mark incur a 3% redemption fee to preserve Golden Visa compliance.
Key risks include crypto market volatility, interest rate fluctuations, corporate credit risk, and potential regulatory changes affecting digital assets. Diversification across bonds and limited exposure to digital assets helps reduce overall portfolio risk.
The fund is managed by Octanova SCR and regulated by the CMVM. Assets are custodied by Millennium BCP and held with top-tier service providers, including a major US broker-dealer for digital asset execution and custody.
No historical NAV performance is available yet, as the fund was launched in 2024/2025. However, Octanova’s team has prior experience managing fixed income, macro strategies, and digital asset vehicles in Portugal.
The NAV is calculated daily and reflects the mark-to-market value of both fixed-income positions and digital assets. Monthly NAVs are used for subscriptions, redemptions, and investor reporting.
The profile lists CMVM ID 2122. The listed custodian is Millennium BCP. Investors should verify current registry status and documents before subscribing.
Management fee: 2%. Performance fee: 20%. Subscription fee: 2%. Missing fee fields should be treated as diligence gaps, not as zero-cost assumptions.
The profile marks this fund as Golden Visa intended. Eligibility must still be confirmed against current law, fund documents, and the applicant's own legal file.
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