Quadrantis Capital
PEEIF II – Portuguese Energy Efficiency Investment Fund II is a closed-end alternative investment fund regulated by CMVM (ID: PEEIF II) and managed by Quadrantis Capital, investing in venture capital with a minimum commitment of €200,000.
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PEEIF II is a closed-ended venture capital fund focused on financing Portugal’s energy transition through renewable energy production, industrial energy efficiency projects, and clean-technology infrastructure. Managed by Quadrantis Capital and regulated by the CMVM, the fund is structured to qualify under Portugal’s investment fund framework for the Golden Visa program after 2023, with no direct or indirect real estate exposure.
PEEIF II is a closed-ended venture capital fund designed to channel private capital into Portugal’s energy transition and real-economy decarbonisation efforts. Managed by Quadrantis Capital – Sociedade de Capital de Risco, S.A., the fund succeeds the original PEEIF strategy and targets investors seeking Golden Visa eligibility through a regulated investment fund rather than direct real estate exposure. The fund’s investment mandate centres on asset-backed energy transition projects, including renewable energy generation (solar photovoltaic and wind), industrial energy efficiency retrofits, and selected clean-technology and energy-transition infrastructure initiatives. Investments are usually made through special purpose vehicles (SPVs) that own and manage the assets, which helps protect against liabilities and allows for organised exits. The strategy prioritises tangible infrastructure and operating companies rather than speculative technological ventures. PEEIF II is structured with a long-term investment horizon, reflecting the lifecycle of energy infrastructure assets. It aims for a mix of steady income and increased value, backed by agreements like power purchase contracts, energy savings deals, and cash flows from efficiency improvements. The fund includes a clear way for investors to get their money back after three years, if there is enough money available, while still being set up as a closed-ended fund that matches the timelines for developing infrastructure. From a regulatory and immigration perspective, the fund is positioned to comply with Portugal’s post-2023 Golden Visa rules because it invests in the capitalisation of companies operating in the energy sector rather than in real estate assets. With its strong domestic focus, regulated governance framework, and emphasis on energy efficiency and renewable infrastructure, PEEIF II offers Golden Visa applicants an asset-backed alternative to traditional property-linked investments.
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I specialize in cultivating strategic, long-term partnerships with a focus on Portuguese Golden Visa investments and portfolio diversification. My...
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Managed by
Min Investment
€200,000
Target Return
6–8% p.a.
Project potential returns based on your investment parameters
Display returns after management and performance fees
Fund minimum: €200,000
Typical holding period
Fund target: 6–8% p.a.
Investment Risk Disclosure: These projections are for illustrative purposes only and do not guarantee future performance. Past performance is not indicative of future results. All investments carry risk, including potential loss of principal. Consult with a qualified financial advisor before making investment decisions.
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Portuguese regulation requires Golden Visas; eligible funds qualify as venture capital vehicles when capitalising operating companies. The structure enables direct investment in project SPVs while remaining compliant with immigration and securities laws.
During early phases, capital is deployed into development-stage SPVs and efficiency contracts. Income ramps up progressively as projects reach construction completion and begin producing energy or generating measurable cost savings.
Energy efficiency investments monetise energy savings rather than energy production. Returns are linked to reduced consumption in industrial or commercial facilities, creating more predictable, contract-based cash flows with lower exposure to electricity price volatility.
The strategy targets a hybrid profile: capital preservation through asset-backed infrastructure and contracted revenues, combined with growth potential from project scale-up and eventual exits.
Exposure depends on project structure. Generation assets may rely on power purchase agreements (PPAs) or fixed-price contracts to reduce spot-market risk, while efficiency projects are largely insulated from wholesale electricity pricing.
Each project is typically held in a dedicated SPV, isolating financial and operational risk. If one project underperforms, liabilities are ring-fenced and do not affect the rest of the portfolio.
Energy infrastructure assets require time to develop, stabilise, and mature. A 10-year horizon aligns with construction cycles, contract durations, and optimal exit timing for institutional buyers.
The buyback is a structured liquidity mechanism, not a guaranteed redemption. Its availability depends on cash flows, refinancing conditions, and SPV liquidity at the time and should be viewed as optional rather than assured.
PEEIF II is diversified across renewable generation, energy efficiency, and cleantech infrastructure. This reduces reliance on a single revenue driver and smooths returns across different phases of the energy transition.
Portugal’s national energy and climate plans create legally binding demands for renewable capacity and efficiency upgrades, providing a policy-backed framework that supports long-term asset utilisation.
It suits investors, prioritising Golden Visa compliance, real-economy exposure, and long-term income over short-term liquidity or public-market volatility.
PEEIF II gives you direct access to physical infrastructure and operating companies, while liquid funds invest in listed securities, which means you might trade some quick access to cash for returns that could be more stable
Yes, it is registered under CMVM ID PEEIF II. The custodian is Bison Bank.
Management Fee: 2.5%. Performance Fee: 30%. Subscription Fee: 3%.
Yes, the fund manager states that PEEIF II – Portuguese Energy Efficiency Investment Fund II is intended to meet the €500,000 fund route requirement for the Portugal Golden Visa program. Eligibility must be confirmed with Portuguese legal counsel.
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