The IMGA Silver Domus Fund is a closed-end venture capital vehicle focused on Portugal’s fast-growing Senior Living sector. It invests in assisted living, continuing care, home-care operators, and specialised senior facilities, targeting value-add opportunities supported by long-term demographic demand. The fund aims for stable, inflation-linked returns through a mix of operating partnerships and strategic expansion across Portugal.
The IMGA Silver Domus Fund is a closed-end venture capital vehicle built around a single theme: the deep, long-term transformation of senior living in Portugal. Instead of focusing on traditional real estate, the fund invests in the operating side of the sector: companies and platforms that deliver assisted living, continuing care, home-care services, and specialised support for an ageing population. The goal is to support operators that are capable of expanding capacity, improving quality, and modernising a segment of the market that has long suffered from supply shortages. Silver Domus targets opportunities where demographic pressure and structural underinvestment create consistent demand. Portugal’s senior population continues to grow, yet modern care facilities remain limited, especially in the areas surrounding Lisbon and Porto. IMGA positions the fund to take advantage of this gap by partnering with experienced operators and developing portfolios that can scale over time. Early partnerships already include groups with more than a thousand beds in operation, and the fund’s roadmap foresees a meaningful increase in nationwide availability over the coming years. As a closed-end fund, Silver Domus works on a longer investment cycle, allowing time for operator growth, upgrades, and consolidation. Its strategy leans toward value creation through management quality, operational efficiency, and service differentiation rather than rapid asset turnover. IMGA is in charge of governance and financial discipline. It makes sure that investments are in line with the sector's rules and the fund's overall stability-driven profile. The CMVM regulates the fund under code 2275. It is open to qualified and institutional investors who want to invest in an essential-services market with strong defensive qualities. While returns depend on operator performance and sector development, the strategy is anchored in long-term trends that are not reversed: rising longevity, increased care needs, and a clear shift toward professionally managed senior-living environments. To participate in this evolution, Silver Domus provides a structured and professionally managed approach.
