BiG Capital
Operated by BiG Capital SGOIC
BIZ Capital SGOIC is a CMVM-regulated Portuguese alternative investment manager founded in 2011 and headquartered in Lisbon. Operating independently from Banco BiG, the firm manages a diversified portfolio of private equity, renewable energy, hospitality, and liquid alternative funds.
About BiG Capital SGOIC
BIZ Capital–SGOIC, S.A. is a Portuguese alternative investment management company authorised and supervised by the Comissão do Mercado de Valores Mobiliários (CMVM). Established in 2011 and based in Lisbon’s Amoreiras financial district, the firm operates as an independent boutique manager owned by BIZPAR SGPS, with no equity affiliation to Banco de Investimento Global (BiG), despite frequent market name confusion.
Open Opportunities
Currently accepting new investments
Portugal Prime Fund
A closed-end private equity fund regulated by CMVM, investing in Portugal's thriving hospitality sector. Designed to comply fully with the Portugal Golden Visa requirements.
Portugal Prime, FCR
Closed-end CMVM-regulated private equity fund investing in hospitality operators (non-real-estate) across Portugal's tourism sector; offers two tracks — 2% p.a. fixed (Capital Preservation, exit at citizenship) or ~10% target IRR (Upside, exit at maturity); Golden Visa eligible (minimum €100,000).
Key Highlights
Independent boutique manager with no bank balance-sheet risk
Despite frequent name confusion, BIZ Capital operates fully independently from Banco BiG. Investor assets are segregated with third-party custodians, removing exposure to banking counterparty risk.
Proven ability to manage both domestic and cross-border fund structures
The firm manages Portuguese vehicles alongside Luxembourg RAIFs, demonstrating operational capacity beyond purely domestic FCR managers.
Early mover in post-2023 Golden Visa-compliant strategies
Before excluding residential real estate, BIZ Capital already concentrated on operating companies, private equity, and infrastructure, avoiding the last-minute strategy pivots common in the market.
SFDR Article 9 (Dark Green) fund management capability
Managing an Article 9 renewable energy vehicle places BIZ Capital among a small group of Portuguese managers with the systems and reporting discipline required for strict ESG compliance.
Active use of derivatives and hedging strategies
The firm manages liquid alternative funds by employing inverse and hedged market exposure, signalling in-house risk management and derivatives expertise uncommon among boutique SGOICs.
Operational restructuring focus, not passive asset holding
Private equity strategies emphasise improving operational performance in hospitality and industrial assets rather than relying on valuation uplift alone.
Institutional service-provider stack
Custodians and administrators include Bison Bank, BDO, and Apex (formerly Sanne), providing independent oversight, asset segregation, and professional fund administration.
Established through multiple market cycles
Founded during Portugal’s sovereign debt crisis, the firm has operated through downturns, regulatory changes, and capital market stress without loss of regulatory standing.
Team
Armando Carvalho Nunes is President of BIZ Group and a senior Portuguese investment executive with over three decades of experience in asset...
Carlos Varela is a private investors manager focused on supporting international clients investing through Portugal’s Golden Visa framework. He works...
Henrique Nunes is responsible for the information technology and systems infrastructure supporting BIZ Group’s operations. With over a decade of...
Tiago Botelho is a finance professional with background in audit, fund administration, and corporate finance across private equity and renewable...
Vasco Ferreira is an asset manager with experience overseeing European equity, fixed income, and mixed investment funds. At BIZ Group, he is...
Frequently Asked Questions
No. BIZ Capital – SGOIC, S.A. is an independent asset management company owned by BIZPAR SGPS. While some funds may be distributed through banking channels, the manager itself does not operate under a bank balance sheet or banking licence.
Investor capital is held with independent custodians and depositaries, such as Bison Bank in Portugal and Apex (formerly Sanne) for Luxembourg structures. This ensures asset segregation from the management company.
Yes. The firm manages vehicles designed for different investor profiles, including private investors, pension structures, and professional or qualified investors, depending on the fund structure and jurisdiction.
Valuation follows CMVM and AIFMD rules, using audited methodologies and independent oversight. For private equity and infrastructure assets, valuation models are subject to external audit and regulatory review.
Yes. Funds typically provide periodic reporting, including NAV updates, financial statements, and operational commentary. Reporting frequency varies by fund type and jurisdiction but follows regulatory minimum standards.
As is standard in private equity and alternative structures, alignment is primarily achieved through performance-based remuneration and carried interest. Manager participation may exist at the fund level but is not marketed as a core selling point.
BIZ Capital has experience managing restructuring and turnaround situations. Where necessary, investment strategies may prioritise capital preservation, operational improvement, or extended holding periods, subject to fund rules and investor approvals.
No. The firm’s Golden Visa–relevant strategies focus on operating companies, renewable energy, hospitality operations, and corporate instruments, rather than direct residential property ownership.
Most private equity and Golden Visa–aligned funds are illiquid by design. Early exits are generally not guaranteed and depend on secondary market availability or fund-specific transfer rules.
The firm operates under full CMVM supervision and has demonstrated adaptability to regulatory shifts, including post-2023 Golden Visa reforms and evolving ESG disclosure requirements under SFDR.
The firm evolved from earlier corporate forms and is sometimes referenced using legacy or phonetic variations. The legally correct and regulated entity is BIZ Capital – SGOIC, S.A., as registered with the CMVM.
Contact & Regulatory Information
Contact Details
Regulatory Information
Get in Touch with BiG Capital
Contact the fund manager team. They will respond within 24-48 hours.