IM Gestão de Ativos (IMGA)
IM Gestão de Ativos (IMGA) is Portugal’s largest independent asset management company, headquartered in Lisbon and regulated by the CMVM. Founded in 1989, the firm manages over €4.
About IM Gestão de Ativos (IMGA)
IM Gestão de Ativos, Sociedade Gestora de Organismos de Investimento Coletivo, S.A. (IMGA), is a leading Portuguese asset management firm with a history spanning more than three decades. Established in 1989 and headquartered in Lisbon, IMGA operates as a CMVM-authorised management company (SGOIC), overseeing a diversified range of collective investment vehicles for retail, institutional, and international investors. The firm manages approximately €4.
Open Opportunities
Currently accepting new investments
IMGA GV Portuguese Corparate Debt
The IMGA GV Portuguese Corporate Debt is a specialized fixed-income fund that aims to provide investors with consistent returns by investing primarily in debt securities issued by Portuguese companies or entities with significant operations in Portugal. The fund focuses on capital preservation and steady income generation over a medium-term horizon.
IMGA GV Portuguese Equities
The IMGA GV Portuguese Equities is an open-ended securities investment fund designed to provide investors with exposure to the Portuguese stock market. The fund’s primary goal is to achieve long-term capital appreciation by investing predominantly in companies listed on the Euronext Lisbon exchange.
IMGA Futurum Tech Fund
The IMGA Futurum Tech Fund is a specialised Venture Capital Fund (FCR) regulated by the CMVM and domiciled in Portugal. The fund targets high-growth technology companies in the "Atlantic Corridor" through a strategic partnership between IM Gestão de Ativos (IMGA), Portugal's largest independent asset manager, and Futurum Capital. It offers investors a Golden Visa–eligible route (Capital Transfer) with zero real estate exposure, focusing on scalable startups bridging the Brazilian and Portuguese ecosystems.
IMGA Silver Domus Fund
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.
IMGA Portuguese Corporate Debt Fund
The IMGA Portuguese Corporate Debt Fund offers conservative exposure to corporate bonds and commercial paper issued mainly by Portuguese companies. It’s designed for investors seeking steady, lower-volatility returns, daily liquidity, and a strategy built around high-quality issuers with a strong foothold in Portugal’s real economy.
IMGA Ações Portugal Fund
IMGA Ações Portugal is a long-established equity fund focused exclusively on companies listed on the Portuguese stock market. Active since 1995 and managed by IM Gestão de Ativos, the fund seeks to grow your investment over time by holding a variety of Portuguese stocks, with daily updates on value, no fees for joining or leaving, and a strong history of performance over many years.
Key Highlights
Largest Non-Bank Mutual Fund Platform in Portugal
IMGA operates the country’s largest independent mutual fund platform outside the banking system, giving it scale without balance-sheet constraints from a parent bank.
Open-Architecture Distribution by Design
Unlike captive asset managers, IMGA’s products are distributed across multiple banks and platforms, reducing reliance on any single channel and broadening investor access.
Longstanding Pension & PPR Expertise
IMGA has decades of experience managing retirement-orientated products, positioning it as a core provider in Portugal’s long-term savings and pension ecosystem.
Active Management Across Full Market Cycles
The firm has continuously managed assets through multiple economic downturns, market crashes, and rate cycles, reflecting operational continuity rather than strategy resets.
Dedicated Alternative Investment Capability
Beyond UCITS, IMGA maintains in-house expertise for alternative funds, including vehicles designed to support corporate financing and private market exposure.
Institutional Mandates Alongside Retail Scale
IMGA manages assets for both retail investors and institutional mandates, balancing large-scale fund administration with bespoke institutional requirements.
Independent Risk & Compliance Segregation
Risk management, compliance, and portfolio decision-making functions are structurally segregated, reinforcing governance beyond minimum regulatory requirements.
Stable Brand Through Ownership Transitions
Despite ownership changes over its history, IMGA has retained brand continuity, team stability, and investment processes—an uncommon trait in the Portuguese asset management market.
Frequently Asked Questions
Yes. IMGA is authorised as a Sociedade Gestora de Organismos de Investimento Coletivo (SGOIC), allowing it to manage both UCITS funds and alternative investment vehicles under EU regulations.
Independent depositary banks, which are legally separate from IMGA and in charge of asset safekeeping and oversight, hold client assets.
IMGA's investment teams internally carry out portfolio management functions rather than outsourcing them to third-party managers.
Fund valuations follow regulated methodologies defined in each fund’s documentation and are subject to independent verification through external oversight.
Certain IMGA funds are available to international investors, subject to distribution agreements, regulatory approvals, and local investor eligibility requirements.
Most IMGA products are designed for medium- to long-term investment horizons and may not be appropriate for frequent trading strategies.
Liquidity is managed at the fund level using predefined policies that align redemption terms with the underlying asset composition.
No, each fund's official documentation discloses management fees and ongoing charges, which vary depending on the fund type, strategy, and structure.
Yes. IMGA provides periodic reporting, including fund factsheets and regulatory disclosures, made available through official distribution channels.
IMGA’s authorisation and registration details can be independently confirmed through the CMVM’s public registry of regulated entities.
Contact & Regulatory Information
Contact Details
Regulatory Information
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