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Indico VC Fund III

Indico Capital Partners

Indico VC Fund III

Unverified

Indico VC Fund III

Indico VC Fund III is a closed-end alternative investment fund regulated by CMVM (ID: 2356) and managed by Indico Capital Partners, investing in venture capital with a minimum commitment of €500,000.

Regulator
CMVM (ID: 2356)
Strategy
Venture Capital
Min. Investment
€500,000
Fund Size
Not disclosed
Management Fee
Not disclosed
Performance Fee
Not disclosed
Lock-up
Not disclosed
Redemptions
Not disclosed
Status
Soft-closed
GV-intended
Manager-stated GV intent
Sources vary by field; hover icons show source tier.|Last updated: |Verify on CMVM registry

Investor decision panel

What to know before shortlisting this fund

Data completenessLimited (36%)
Last evidence checkMay 31, 2026

Best for

  • Investors seeking venture capital exposure through a Portugal-regulated fund.

Avoid if

  • You need clear liquidity terms before first contact.
  • You need a complete fee schedule before comparing net returns.
  • You are a US person and need confirmed FATCA/PFIC handling.

Key unknowns

  • Fund size
  • Management fee
  • Performance fee
  • Custodian
  • Auditor

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.

Fund Snapshot

Key Facts

Min Investment€500,000
Open to USNot confirmed
Lock-upNo Lock-up
Fund Size (AUM)Not disclosed

Fees

%Management FeeNot disclosed
%Performance FeeNot disclosed

Additional Details

Established2026
CMVM ID2356
Regulated ByCMVM

Compliance

CMVM #2356

Capital at risk. Past performance isn't indicative of future returns. This is not investment advice.

Historical Performance

No monthly performance data available
Monthly returns, AUM, and NAV will appear when provided by the manager.

About the Fund

A CMVM-regulated Portuguese closed-end venture capital fund (FCR) managed by Indico Capital Partners and registered with CMVM under number 2356. Movingto has not yet independently verified the fund's Golden Visa eligibility basis or detailed terms.

Indico VC Fund III is a Portuguese closed-end venture capital fund (Fundo de Capital de Risco Fechado) managed by Indico Capital Partners SCR and registered with the CMVM under number 2356. GLEIF lists LEI 8945008QPUPGV80CXJ52 as an active fund record validated by CMVM registration authority RA000488, and Indico's SFDR disclosure lists Indico VC Fund III among Indico's Article 6 investment funds. Movingto has not yet independently verified the fund's Golden Visa eligibility basis, current subscription availability, Portugal-headquartered-company allocation, direct or indirect real-estate exposure, five-year holding mechanics, KID/SRI band, ISIN, fees, auditor, or custodian. This listing is public but unverified pending fund documents or manager confirmation.

Regulatory Identifiers

We source from CMVM-regulated managers where applicable. Verify each fund's registration and GV suitability with counsel.

CMVM Registration2356

Key Terms

Minimum Investment€500,000
Fund StructureVenture Capital
Fund TermNot disclosed
DomicilePortugal
CustodianNot disclosed
AuditorNot disclosed
ISINNot disclosed
Typical TicketNot disclosed
Risk BandNot disclosed
Fund Status
Soft-closed
Inception Date2026

Information as reported by fund manager. Terms may vary by investor class.

Fees

Fee Structure

Management FeeNot disclosed
Performance FeeNot disclosed

Fee Calculator

EUR
Incomplete estimate: Missing fee fields are not treated as zero; net-return estimates are incomplete.
Annual management fee:Needs review
Performance fee:Depends on returns
Known annual cost:€0
Performance fees depend on actual returns above any hurdle. Missing fee disclosures are diligence gaps, not zero-cost assumptions.

Regulatory & Compliance

CMVM Registration2356
AuditorNot disclosed
CustodianNot disclosed
NAV FrequencyNot disclosed
PFIC/QEF Status
Status Unknown

Always confirm regulatory details with the fund manager and legal counsel before investing.

Enquire About Indico VC Fund III

Speak with a MovingTo advisor about this fund. Our team will review your enquiry and get back to you.

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.

Indico VC Fund III

Min Investment

€500,000

Target Return

Not disclosed

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.

Fee data incomplete

Missing Management fee, Performance fee. Net-return estimates use known fees only and should not be read as final cost projections.

Investment Calculator

Project potential returns based on your investment parameters

Display returns after disclosed management and performance fees

Fund minimum: €500,000

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.

Frequently Asked Questions

Verify current subscription documents, fee schedule, liquidity terms, tax treatment, custodian/auditor evidence, and fund-route evidence with Portuguese legal counsel. Current key unknowns: Fund size, Management fee, Performance fee, Custodian, Auditor.

The listed minimum investment is €500,000. Redemption frequency is not disclosed and lock-up is not disclosed. Confirm final terms in the fund documents.

This profile currently has limited data completeness (36%). No major flags are currently detected.

No. Verification means selected regulatory, identity, and document checks have been reviewed. It is not financial advice, a suitability assessment, or a guarantee of a Golden Visa outcome or investment performance.

The listed target return is Not disclosed. Past performance and targets are not guarantees. Model net returns only after confirming complete fee and liquidity terms.

Compliance & Structural Details

The profile lists CMVM ID 2356. Investors should verify current registry status and documents before subscribing.

Management fee: Not disclosed. Performance fee: Not disclosed. Subscription fee: Not disclosed. Missing fee fields should be treated as diligence gaps, not as zero-cost assumptions.

The profile marks this fund as Golden Visa intended. Fund-route evidence must still be confirmed against current law, fund documents, and the applicant's own legal file.

How does this Venture Capital fund stack up?

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