Mercúrio Fund II, FCR Alternatives | Portugal Golden Visa Investment Funds
Why Consider Alternatives to Mercúrio Fund II, FCR?
Investors exploring alternatives to Mercúrio Fund II, FCR (Private Equity) may be looking for a more competitive fee structure. Below are 6 funds with comparable strategies and Golden Visa eligibility that you can evaluate side-by-side.
All alternatives are selected based on category, investment strategy, and structural similarity. Golden Visa eligibility must be confirmed with Portuguese legal counsel for any specific fund.
Quick Comparison: Mercúrio Fund II, FCR vs Alternatives
| Fund | Min. Investment | Mgmt Fee | Target Return | Term | Category |
|---|---|---|---|---|---|
| Mercúrio Fund II, FCRSource | €100,000 | 2.00% | Not disclosed | 8 years | Private Equity |
| Lince Growth Fund I, FCR | €100,000 | 1.50% | 15–20% p.a. | 8 years | Private Equity |
| Growth Blue Fund | €50,000 | 2.00% | Not disclosed | 10 years | Private Equity |
| INZ Fund | €150,000 | 1.60% | 8% p.a. | 8 years | Private Equity |
| Flex Space Fund | €100,000 | 1.50% | 11.65% p.a. | 8 years | Private Equity |
| QUADRANTIS PRIVATE EQUITY II | €100,000 | 1.50% | 6.5–10% p.a. | 10 years | Private Equity |
| Fortitude Portugal Special Situations II – Fundo de Capital de Risco Fechado | €100,000 | 2.00% | 15–20% p.a. | 4 years | Private Equity |
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.
€100,000
15–20% p.a.
8 years
Private Equity
Lince Capital, SCR, S.A.
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.
€50,000
Not disclosed
10 years
Private Equity
Growth Partners Capital, S.A.
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.
€150,000
8% p.a.
8 years
Private Equity
STAG Fund Management
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.
€100,000
11.65% p.a.
8 years
Private Equity
Insula Capital SGOIC
QUADRANTIS PRIVATE EQUITY II✓ VERIFIED
The fund adopts a diversified and risk-focused strategy based on two core pillars: secured credit and investment-grade bonds. It finances contracts between established entities with strong guarantees and protective mechanisms, enhancing security for investors. In parallel, the fund invests in BBB to AAA-rated government and corporate bonds from Portugal and international markets, aiming to deliver stable and consistent returns while preserving capital.
€100,000
6.5–10% p.a.
10 years
Private Equity
QUADRANTIS CAPITAL
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.
€100,000
15–20% p.a.
4 years
Private Equity
Fortitude Capital
Frequently Asked Questions about Mercúrio Fund II, FCR Alternatives
We identified 6 funds with similar investment strategies, categories, and structural characteristics to Mercúrio Fund II, FCR. These alternatives are selected based on category (Private Equity), strategy overlap, and Golden Visa eligibility intent. Each fund should be evaluated independently—similarity does not mean identical risk or return profiles.
The average management fee across 6 alternatives is 1.68%, which is lower than Mercúrio Fund II, FCR's 2.00%. Always compare total cost including performance fees, subscription fees, and fund expenses.
6 of 6 alternatives are marketed for the Portugal Golden Visa fund route (per manager statements). However, Golden Visa eligibility must be confirmed with Portuguese legal counsel for any specific fund. The fund route commonly requires €500,000+ invested into qualifying funds.
Compare on: (1) fees and total cost structure, (2) lock-up terms and liquidity, (3) manager track record, (4) underlying strategy and diversification, (5) verification status and data transparency, and (6) Golden Visa documentation quality. Use the comparison table above to evaluate key metrics side-by-side, and request introductions to fund managers for detailed due diligence.
No. Movingto Funds provides information and introductions for Golden Visa funds and Portugal Golden Visa investment funds. We do not provide investment advice or recommend any specific fund. Always obtain independent financial advice and Portuguese legal advice before investing.
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