Pela Terra II Regenerate Fund
Pela Terra II is a Portuguese venture capital fund investing exclusively in sustainable agriculture across Portugal.
Minimum€200,000
Target Return8-10% p.a.
Duration8 years
CategoryPrivate Equity
Open for subscriptions
Unverified
INZ Fund
A Golden Visa–eligible private equity vehicle investing in companies that finance and operate solar panel projects, focusing on stable returns from long-term lease agreements and power purchase agreements. Capital preservation strategy with attractive target returns.
Fund Snapshot
Key Facts
Min Investment€150,000
RedemptionsEnd of Term
Open to USYes
Lock-up96 months
Fund Size (AUM)€50M
Fees
Management Fee
1.6%
Performance Fee
15%
Additional Details
NAV Frequencysemi-annually
Established2024
Notice PeriodN/A
Regulated ByN/A
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Compliance
GV Eligible
Capital at risk. Past performance isn't indicative of future returns. This is not investment advice.
Historical Performance
No performance data available
Performance metrics will appear when data is provided
Fund Overview
About the Fund
The INZ Fund is a specialized renewable energy investment vehicle that provides exposure to Portugal's growing solar energy sector through a unique financing and operational model. Investment Strategy: • Invests in companies that finance and operate solar panel installations • Focus on long-term PPAs (Power Purchase Agreements) and lease agreements with creditworthy counterparties • Revenue streams from interest, dividends, and eventual buy-back from operating companies • Diversified portfolio across residential and corporate customers in Portugal • Avoids exposure to energy tariff volatility through fixed-price agreements Risk Mitigation Framework: • No Tariff Risk: Fixed-price agreements insulate from energy market volatility • Diversification: Spread across multiple counterparties and sectors • Due Diligence: All buyers vetted for creditworthiness • Real Assets: Tangible, insured solar panels with 25-year guarantees • Stable Cash Flows: Predictable revenue streams from long-term contracts Portfolio Example: • Bling Solutions I, S.A. – Portuguese solar energy company (30% equity stake, active since 2024) The fund is managed by STAG Fund Management SCR, S.A., an independent Portuguese private equity firm managing 19 funds with €400+ million in combined assets and over 150 years of combined team experience. STAG has completed multiple renewable energy transactions with aggregate deal values exceeding €1.4 billion.
Key Terms
Key Terms
Minimum Investment€150,000
Fund StructurePrivate Equity
Fund Term8 years
DomicileN/A
CustodianBison Bank
AuditorBakertilly
ISINN/A
Fund Status
Open
Inception Date2024
Information as reported by fund manager. Terms may vary by investor class.
Financial Details
Fees
Fee Structure
Management Fee1.6%
Performance Fee15%
•6% preferred return hurdle
Subscription Fee1%
Fee Calculator
€
Management fee:€0
Performance fee*:€0
Estimated annual cost:€0
*Performance fee only applies if returns exceed 6% hurdle
Geographic Allocation
Portugal70%
Spain30%
Redemption Terms
Redemption Status
Locked Until Maturity
FrequencyEnd of Term
Additional TermsForecasted exit and capital recovery in 2032. Target annual distributions of 4% after subscription period closing.
Redemption terms may vary by investor class. Verify details with the fund manager.
Fund Structure
Fund Category
Regulatory & Compliance
CMVM RegistrationN/A
AuditorBakertilly
CustodianBison Bank
NAV Frequencysemi-annually
PFIC/QEF Status
QEF Available
Always confirm regulatory details with the fund manager and legal counsel before investing.
Team Information
Fund Team
5 team members
AP
António Pereira
Partner / COO
Co-founder and partner of STAG post-2023 MBO. Oversees finance and HR with background in investment compliance and private wealth management
DSP
Diogo Saraiva Ponte
Partner / CIO
Partner since 2023 MBO overseeing investor relations and business development. Managed over €2 billion in assets globally
GM
Gisela Martins
Board Member
Board member since 2021 heading legal and compliance. 20+ years experience in M&A, joint ventures, and private equity
NH
Nathan Hellmann
Director of Business Development
10+ years in investment management and corporate structuring, leading global client engagement across institutional and private markets
SH
Sofia Halpern
Investment Analyst
Double degree in management and Master's in accounting, taxation, and corporate finance. Started at Deloitte in real estate financial due diligence
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Get in Touch with INZ Fund
Enquire about INZ Fund. The fund manager will respond within 24-48 hours.
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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.
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€
Fund minimum: €150,000
Typical holding period
%
Fund target: 8-8% p.a.
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 about INZ Fund
Everything you need to know about investing in INZ Fund
How does the fund avoid tariff risk in renewable energy investments?
The fund invests in companies with fixed-price long-term agreements (PPAs and leases) rather than direct energy generation, insulating investors from energy market volatility and tariff changes.
What makes the solar assets secure?
All solar panels are insured tangible assets with 25-year guarantees, providing physical collateral for investments. The fund also conducts thorough due diligence on all counterparties for creditworthiness.
How does STAG's experience benefit this fund?
STAG manages 19 funds with €400+ million in assets and has completed renewable energy transactions exceeding €1.4 billion in aggregate deal value, providing deep sector expertise and operational knowledge.
What is the expected cash flow structure?
The fund targets annual cash distributions with an 8% yield, providing regular income to investors while building toward the 1.64x target multiple over the ~8-year investment horizon.
Can you provide an example of a portfolio company?
Bling Solutions I, S.A. is a Portuguese solar energy company in which the fund holds a 30% equity stake. The investment has been active since 2024 and represents the fund's approach to financing solar operations.
Is this fund suitable for Golden Visa applications?
Yes, the INZ Fund is fully compliant with Portugal Golden Visa requirements as a non-real estate private equity fund with a minimum investment of €500,000.