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Not eligible for the Portugal Golden Visa
This fund is shown for reference only. It does not currently qualify for the Portugal Golden Visa €500,000 investment-fund route, so it is excluded from our eligible-fund comparisons, counts, and fund finder. Always confirm a fund's Golden Visa eligibility in its official documents before investing.

Portugal Liquid Opportunities, FCR

Oxy Capital

Portugal Liquid Opportunities,...

Open for subscriptions
Unverified

Portugal Liquid Opportunities, FCR

Portugal Liquid Opportunities, FCR is an open-ended alternative investment fund and managed by Oxy Capital, investing in other with a minimum commitment of €100,000.

Strategy
Other
Min. Investment
€100,000
Fund Size
Not disclosed
Management Fee
1.2%
Performance Fee
20% (5% hurdle)
Lock-up
Not disclosed
Redemptions
Weekly
Auditor
Ernst & Young (EY)
Status
Open
GV-intended
Needs review
Sources vary by field; hover icons show source tier.|Last updated:

Investor decision panel

What to know before shortlisting this fund

Data completenessLimited (55%)
Last evidence checkJune 2, 2026

Best for

  • Investors seeking other exposure through a Portugal-regulated fund.
  • Investors who need a fund currently open for subscriptions.
  • Investors comfortable with a conservative risk profile.

Avoid if

  • You need clear liquidity terms before first contact.
  • You are a US person and need confirmed FATCA/PFIC handling.

Key unknowns

  • CMVM ID
  • Regulator
  • Fund size
  • Custodian
  • Lock-up

Main diligence flags

  • The page copy mentions Golden Visa, but the structured eligibility tag is missing. Treat eligibility as unresolved until reviewed.

Golden Visa note: The page copy mentions Golden Visa, but the structured eligibility tag is missing. Treat eligibility as unresolved until reviewed.

Fund Snapshot

Key Facts

Min Investment€100,000
RedemptionsWeekly
Open to USNot confirmed
Lock-upNo Lock-up
Fund Size (AUM)Not disclosed

Fees

%Management Fee1.2%
%Performance Fee20%

Additional Details

NAV FrequencyMonthly
Established2012

Compliance

Capital at risk. Past performance isn't indicative of future returns. Figures are shown in euro (EUR); fees reduce returns, and for investors funding from another currency amounts may rise or fall with exchange rates. This is not investment advice.

Historical Performance

No monthly performance data available
Monthly returns, AUM, and NAV will appear when provided by the manager.

About the Fund

Open-ended, FACTA-compliant public equities vehicle managed by Oxy Capital – SGOIC, S.A., investing over 60% in Portuguese listed equities and under 40% in international equities via Oxy's proprietary strategy; perpetual subscriptions with daily liquidity and no redemption fee after three years for Golden Visa investors.

Portugal Liquid Opportunities Fund is an open-ended, FACTA-compliant public equities vehicle managed by Oxy Capital – SGOIC, S.A., with a minimum subscription of €100,000. It allocates over 60% of its assets to Portuguese public equities—targeting leading national "champions"—and under 40% to international equities via Oxy's proprietary strategy. Designed for Golden Visa investors, subscriptions are perpetual with daily liquidity, and no redemption fee applies after three years. The fund targets low-teens gross annual returns, with all costs deducted from invested capital. Key features include: • Open-ended structure with perpetual subscriptions • Liquidity with Monthly NAV calculation • FACTA-compliant for international investors • Over 60% allocation to Portuguese public equities • Under 40% allocation to international equities • No redemption fee after year 3 • 5% IRR hurdle rate for performance fees

Key Terms

Minimum Investment€100,000
Fund StructureOther
Fund TermPerpetual
DomicileNot disclosed
CustodianNot disclosed
AuditorErnst & Young (EY)
ISINNot disclosed
Typical TicketNot disclosed
Risk BandConservative
Fund Status
Open
Inception Date2012

Information as reported by fund manager. Terms may vary by investor class.

Fees

Fee Structure

Management Fee1.2%
Performance Fee20%

5% preferred return hurdle

Subscription Fee2%

Fee Calculator

EUR
Incomplete estimate: Performance fee depends on actual returns above any hurdle and is not included in the annual cost estimate.
Annual management fee:€1,200
Performance fee:Depends on returns
Known annual cost:€1,200
Performance fees depend on actual returns above any hurdle. Missing fee disclosures are diligence gaps, not zero-cost assumptions. The annual management fee recurs every year and compounds to reduce your total return over the holding period; performance fees, when charged, reduce returns further — see the investment calculator on this page for the cumulative impact. Amounts are shown in EUR; if you fund from another currency, what you pay may rise or fall with exchange rates.

Geographic Allocation

Portugal65%
International35%

Redemption Terms

Redemption Status
Open
FrequencyWeekly
Early Redemption Fee2%

Additional Terms

Daily NAV; no redemption fee after year 3; all costs deducted from invested capital.

Redemption terms may vary by investor class. Verify details with the fund manager.

Regulatory & Compliance

CMVM RegistrationNot disclosed
AuditorErnst & Young (EY)
CustodianNot disclosed
NAV FrequencyMonthly
PFIC/QEF Status
QEF Available

Always confirm regulatory details with the fund manager and legal counsel before investing.

Fund Team

13 team members

Team members are employed by the fund manager, not Movingto. Profiles listed for directory comparison.

GM
Partner

Gonçalo Mendes is a founding partner at Oxy Capital and one of the firm’s key strategic leaders. With a background that includes an MBA from Harvard...

TCDS
Partner

Tomás Castro de Sá is a Partner at Oxy Capital with a strong track record in private equity and operational value creation. Since joining the firm in...

GVC
Partner

Guilherme Valadares Carreiro is a Partner at Oxy Capital and one of the leads behind its Liquid Opportunities and Golden Visa-focused strategies....

PS
Partner

Pedro Sousa is a Partner at Oxy Capital and a key figure behind the firm’s public-market and Liquid Opportunities strategies. Before joining Oxy, he...

IP
Partner

Igor Pereira is a long-standing Partner at Oxy Capital with more than a decade of experience driving the firm’s investment strategies. Before joining...

MBR
Principal

Miguel Bicker Realista is a Principal at Oxy Capital, one of Portugal's leading alternative asset management firms. Based in Lisbon, he works across...

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Disclaimer: Your enquiry goes to Movingto. Movingto does not provide investment advice or introduce visitors directly to fund managers from this site. Capital is at risk. Target returns are fund-stated objectives, not forecasts or guarantees. Confirm all details against the fund prospectus/KID and qualified advisers.

Important Notice for Investors

You invest in units or shares of the fund, not directly in its underlying assets. Investment in funds involves risks, including the possible loss of principal. Where a fund is described as sustainable, ESG, or impact-oriented, those characteristics reflect the fund's own disclosures — check the fund's documents and any SFDR classification; a sustainability label does not by itself determine return or risk. Please read all fund documentation carefully before making any investment decisions. Past performance is not indicative of future results.

Managed by

OC
Oxy Capital

Portugal Liquid Opportunities, FCR

Min Investment

€100,000

Fund-stated objective

8–10% p.a.

Capital is at risk. Target returns are fund-stated objectives, not forecasts or guarantees. Confirm all details against the fund prospectus/KID and qualified advisers.

Investment Calculator

Project potential returns based on your investment parameters

Display returns after disclosed management and performance fees

Fund minimum: €100,000

Typical holding period

%

Fund target: 8–10% p.a.

Investment Risk Disclosure: The figures shown are an illustration, not a forecast. They are an estimate of future performance based on your own assumptions and on how this type of investment has behaved and/or on current market conditions, and are not an exact indicator — what you actually get will vary with market performance and how long you stay invested. This investment may result in a financial loss, as there is no capital guarantee. Past performance does not guarantee future results. Any future return is also subject to taxation, which depends on your personal situation and may change. Figures are shown in euro (EUR); if you fund from another currency, the amounts you pay and receive may rise or fall with exchange-rate movements. Confirm details against the fund's own documents and a qualified financial adviser before making any investment decision.

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Frequently Asked Questions

The fund allocates over 60% to Portuguese public equities targeting leading national "champions" and under 40% to international equities via Oxy's proprietary strategy.

The fund is designed specifically for Golden Visa investors with perpetual subscriptions, daily liquidity, and compliance with Portuguese investment requirements.

The fund offers daily liquidity with daily NAV calculation. There is no redemption fee after year 3, making it highly liquid for long-term investors.

FACTA compliance ensures the fund meets international tax reporting requirements, making it suitable for international investors including those from the US.

Compliance & Structural Details

Management fee: 1.2%. Performance fee: 20%. Subscription fee: 2%. Missing fee fields should be treated as diligence gaps, not as zero-cost assumptions.

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