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Mercúrio Fund II, FCR Alternatives | Portugal Golden Visa Investment Funds

These are similar Golden Visa eligible funds with comparable investment strategies and requirements. Review each option to find the best match for your investment goals.

Lince Growth Fund I, FCR

Open

Lince Growth Fund I, FCR is a regulated Portuguese growth-equity fund investing in established, revenue-generating SMEs. Focused on industrial, healthcare, agri-food, and tech companies, it targets scalable businesses that need capital to modernise, expand, or internationalise. Fully compliant with Golden Visa rules, it provides exposure to Portugal’s real economy with professional, active management.

Minimum Investment:

€100,000

Return Target:

15-20% p.a.

Term:

8 years

Category:

Private Equity

Manager:

Lince Capital, SCR, S.A.

Flex Space Fund

Open

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.

Minimum Investment:

€100,000

Return Target:

11.65-0% p.a.

Term:

8 years

Category:

Private Equity

Manager:

Insula Capital SGOIC

Growth Blue Fund

Open

Growth Blue is a closed-end private equity fund focused on Portugal’s Blue Economy, investing in SMEs and Mid-Caps with strong operational foundations and clear growth potential. Supported by the European Investment Fund and overseen by CMVM, it aims to create value by actively managing its investments and following a policy that focusses on sustainability.

Minimum Investment:

€50,000

Return Target:

0-0% p.a.

Term:

10 years

Category:

Private Equity

Manager:

Growth Partners Capital, S.A.

INZ Fund

Open

INZ is a closed-ended Private Equity fund focused on renewable energy and energy-efficiency assets across Iberia, fully engineered for Golden Visa eligibility. Managed by STAG Fund Management and in line with UN Sustainable Development Goals, the fund aims to create steady, long-term value by investing in distributed solar, clean transportation, and low-carbon infrastructure using a careful, impact-focused approach.

Minimum Investment:

€150,000

Return Target:

8-8% p.a.

Term:

8 years

Category:

Private Equity

Manager:

STAG Fund Management

Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado

Open

Fortitude Portugal Special Situations II is a CMVM-regulated private equity fund focused on special situations across Portugal and Iberia. Backed by institutional partners and led by former Goldman Sachs leadership, the fund targets event-driven opportunities in industries from energy to hospitality. It aims for 15–20% net returns while remaining eligible for Portugal’s Golden Visa program.

Minimum Investment:

€100,000

Return Target:

15-20% p.a.

Term:

4 years

Category:

Private Equity

Manager:

Fortitude Capital

Portugal Prime Fund

Open

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.

Minimum Investment:

€100,000

Return Target:

5-0% p.a.

Term:

8 years

Category:

Private Equity

Manager:

BiG Capital SGOIC

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