Portugal Investment 1

Portugal Investment 1 is a CMVM-regulated, open-end private equity (FCR) fund managed by Saragota. It invests in Portuguese operating companies, primarily SMEs, with the objective of long-term capital appreciation and compliance with Portugal’s Golden Visa fund route.

The fund is open-ended. Capital is continually committed , deployed over an investment period, and returned primarily at maturity through asset exits. There are periodic redemptions during the fund’s life.

The fund follows a value-add private equity strategy, investing in established operating companies that may be undergoing restructuring, ownership transitions, or growth phases, where operational improvements can enhance long-term value.

The fund targets unlisted Portuguese SMEs and mid-sized operating companies, often in sectors such as hospitality, tourism, industrial services, and logistics, where tangible cash flows and identifiable exit paths exist.

The fund is primarily focused on Portugal, with at least 60% of capital allocated to Portuguese companies, as required for Golden Visa eligibility. Limited EU diversification may be permitted within regulatory limits.

Investment opportunities are sourced through proprietary deal flow, including management networks, sector relationships, corporate advisors, and financial institutions. The fund does not rely on public deal auctions as its primary sourcing method.

The standard minimum investment for Golden Visa applicants is €150,000 per investor, subscribed in a single qualifying tranche.

The fund targets a moderate total size designed to allow efficient deployment into a diversified portfolio of Portuguese operating companies, rather than capital accumulation without deployment (“cash drag”).

The expected fund life is 6–8 years, including potential extension periods. This structure aligns with the minimum 5-year Golden Visa holding requirement and allows time for orderly exits.

Yes. The fund does offer redemptions during its life. Early exit is only possible, subject to manager consent, and may impact Golden Visa eligibility.

The fund does not invest in direct residential real estate. Any real estate exposure is indirect, via operating companies (e.g., hospitality businesses), which is permitted under current Golden Visa regulations.

Fees typically include: Management fee (annual) • Performance fee (carried interest) on realised profits above a hurdle • Exact fee terms are defined in the Management Regulations and subscription documents provided during onboarding.

As a private equity fund, detailed historical or monthly performance is not publicly disclosed. Returns are realised primarily at the exit and may vary depending on market conditions, timing, and portfolio outcomes.

Risk is managed through portfolio diversification, active governance, conservative capital structures, and regulatory oversight. Liquidity is intentionally limited due to the long-term nature of private equity investments.

Yes, US investors may participate; however, the fund is treated as a PFIC for US tax purposes. US investors should seek advice from a qualified tax professional and confirm QEF documentation availability before investing.

The profile lists CMVM ID 12445. The listed custodian is Bison Bank, S.A.. Investors should verify current registry status and documents before subscribing.

The profile marks this fund as Golden Visa intended. Fund-route evidence must still be confirmed against current law, fund documents, and the applicant's own legal file.