Insula Capital
Operated by Insula Capital SGOIC
Insula Capital, based in Lisbon, is a CMVM-regulated Portuguese fund manager listed on Movingto Funds. Operating in Portugal as Insula Capital SGOIC, the firm is connected to the fund profiles shown below for directory and due-diligence research. Each fund should be reviewed on its own profile for current verification status, CMVM details, Golden Visa eligibility basis, and source documentation before any decision is made.
Insula Capital SGOIC is an independent Portuguese asset management company authorised by the CMVM, managing over €1. 6 billion across real estate and venture capital strategies.
About Insula Capital SGOIC
Founded in 2019, Insula Capital – Sociedade Gestora de Organismos de Investimento Coletivo, S.A. is a CMVM-authorised asset management company operating as an independent SGOIC within Portugal’s regulated investment landscape. From its headquarters on Avenida da Liberdade in Lisbon, the firm manages a broad platform of collective investment undertakings spanning real estate investment companies (SICAFIs), closed-end real estate funds, and venture capital funds (FCRs).
Open Opportunities
Currently accepting new investments
Flex Space Fund
A CMVM-regulated, SFDR Article 8 venture capital fund managed by Insula Capital that invests in Portuguese flexible workspaces, offering Golden Visa–eligible exposure to the “future of work” with targeted dividends from year two onwards.
Funds Managed by Insula Capital
Public fund profiles associated with Insula Capital. Review each fund's own profile for Golden Visa eligibility basis and verification status.
- Flex Space Fund— A CMVM-regulated, SFDR Article 8 venture capital fund managed by Insula Capital that invests in Portuguese flexible workspaces, offering Golden Visa–eligible exposure to the “future of work” with targeted dividends from year two onwards.
Key Highlights
Owner-Managed Independence at Scale
Insula Capital operates without bank ownership or group control, allowing direct alignment between decision-makers and investors even while managing assets exceeding €1.6 billion.
One of Portugal’s Largest Independent Real Estate Platforms
By asset volume, Insula Capital consistently ranks among the top independent managers of real estate investment vehicles in Portugal, competing with long-established institutional players.
Flagship Stewardship of Lagoas Park
The firm manages Lagoas Park, one of the Iberian Peninsula’s largest and most prestigious business campuses, housing multinational tenants across technology, pharma, and automotive sectors.
Early Structural Pivot After Golden Visa Reform
Following the 2023 Golden Visa rule changes, Insula Capital was among the first SGOICs to restructure capital flows toward venture capital funds investing in operating companies rather than property-holding entities.
Deep Experience with SICAFI Structures
Insula Capital manages multiple SICAFIs, a structure requiring advanced governance, reporting, and asset oversight—an expertise not held by many mid-sized Portuguese managers.
Institutional-Grade ESG Integration Beyond Compliance
In addition to required SFDR disclosures, Insula Capital is a UNPRI signatory and part of BCSD Portugal, incorporating sustainability measures into its asset management and internal processes.
Unusually High Gender Representation in Leadership
Women hold approximately 75% of management roles, including the CEO position—an exceptional figure within the Portuguese and European asset management sectors.
Multi-Layered Governance and Oversight Framework
The firm maintains independent compliance, risk management, internal audit, and whistleblowing functions, reinforced by external audits from top-tier firms such as KPMG and PKF.
Frequently Asked Questions
Insula Capital mainly handles closed-ended structures like SICAFIs, closed real estate funds, and venture capital funds, which are usually set up with specific investment timelines and liquidity events instead of allowing daily withdrawals.
While many vehicles are structured for institutional capital and family offices, some funds are accessible to qualified and professional investors, depending on minimum subscription thresholds and regulatory classification.
Investors get regular reports that match the fund's documents, usually covering updates on financial performance, changes in assets, and necessary regulatory information under CMVM supervision.
Yes. Both the management company and its investment vehicles are subject to external audits, with recognised firms such as KPMG and PKF involved, depending on the specific fund structure.
The firm’s investment focus is predominantly Portugal-based. However, certain funds may gain indirect international exposure through operating companies or cross-border business activities held at the portfolio level.
Risk management is done separately from portfolio management, with ongoing checks on liquidity, market, operational, and sustainability risks according to CMVM and AIFM rules.
Some venture capital funds managed by Insula Capital have been structured to align with post-2023 Golden Visa eligibility rules, though eligibility depends on the specific fund, timing of subscription, and prevailing legislation.
Certain funds promote environmental or social characteristics under SFDR Article 8, while others integrate sustainability risk assessments without being classified as ESG-focused products.
Contact & Regulatory Information
Contact Details
Regulatory Information
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Disclaimer: This enquiry does not constitute investment advice or a commitment to invest. All investments carry risk. Past performance does not guarantee future results.