New Frontiers Energy Fund II Alternatives | Portugal Golden Visa Investment Funds

The Greenpower Fund is a renewable‑energy infrastructure fund focused on generating stable, recurring operational cash flows through investments in solar and wind energy assets. With flexibility to invest across Europe, the Fund targets projects characterized by predictable revenues, strong margins, and low operational risk. Investment Strategy: The Fund develops and acquires renewable energy projects—mainly photovoltaic and wind—benefiting from long‑term market fundamentals. Renewable energy currently accounts for around 20% of global energy consumption, and this figure is expected to rise to 85% of global electricity production by 2050, representing one of the most significant structural growth trends worldwide. The strategy emphasizes: Cash‑flow visibility through operational assets with contracted or stable revenue profiles Portfolio diversification across technologies and geographies Low operational volatility supported by experienced technical management teams (20+ years) Attractive tax treatment on capital gains and distributions, depending on investor jurisdiction. Governance & Risk Management The Fund operates under a robust governance framework. All investment and divestment decisions are supervised by an Investor Board, including independent advisors. Exposure to any single project is capped at 33% of total fund assets, reinforcing diversification and concentration control. Operational management teams oversee each asset along its lifecycle, from development to ongoing performance monitoring, ensuring rigorous standards in engineering, risk oversight, and financial discipline. Institutional Investor Fit The Greenpower Fund is designed for institutional investors seeking: Infrastructure exposure with long‑term income stability Participation in Europe’s renewable energy expansion through a structured, professionally managed vehicle Predictable return streams driven by real assets and stable operating environments Low correlation with traditional financial markets Distribution‑focused performance, aligned with the cash‑flow generative nature of renewable assets

Lince Growth Fund II invests in established Portuguese SMEs, typically taking majority stakes to drive growth and operational improvements. It focuses on industrial and circular economy sectors, targeting companies with strong fundamentals and untapped potential. The fund creates value through active management and strategic expansion, aiming for capital appreciation at exit.

Greytech III focuses on Growth and Buyout opportunities. The targets are established Portuguese mid-market companies with solid track record of cash flow generation and EBITDA between €2M and €10M. The Fund invests in the Portuguese economy with a solid balance of growth potential and downside protection. Greytech III targets a net IRR >15%, consistent with Iberis' historical performance.

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.

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.

Mercúrio Fund II, FCR is a closed-ended private equity fund managed by Oxy Capital, focused on acquiring and transforming mature Portuguese SMEs. Launched in 2025, it targets special situations, operational turnarounds, and growth-stage opportunities while remaining fully compliant with Portugal’s post-2023 Golden Visa rules and maintaining zero real-estate exposure.