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Portugal Prime, FCR Alternatives | Portugal Golden Visa Investment Funds

These are similar Golden Visa eligible funds with comparable investment strategies and requirements. Review each option to find the best match for your investment goals.

Portugal Prime Fund

Open

A closed-end private equity fund regulated by CMVM, investing in Portugal's thriving hospitality sector. Designed to comply fully with the Portugal Golden Visa requirements.

Minimum Investment:

€100,000

Return Target:

5% p.a.

Term:

8 years

Category:

Private Equity

Manager:

BiG Capital SGOIC

INZ Fund

Open

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.

Minimum Investment:

€150,000

Return Target:

8% p.a.

Term:

8 years

Category:

Private Equity

Manager:

STAG Fund Management

Mercúrio Fund II, FCR✓ VERIFIED

Open

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.

Minimum Investment:

€100,000

Return Target:

Unspecified

Term:

8 years

Category:

Private Equity

Manager:

Oxy Capital

Flex Space Fund

Open

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.

Minimum Investment:

€100,000

Return Target:

11.65% p.a.

Term:

8 years

Category:

Private Equity

Manager:

Insula Capital SGOIC

Lince Growth Fund I, FCR

Open

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.

Minimum Investment:

€100,000

Return Target:

15–20% p.a.

Term:

8 years

Category:

Private Equity

Manager:

Lince Capital, SCR, S.A.

Pela Terra II Regenerate Fund

Open

Pela Terra II: Regenerate is a Portugal-based, CMVM-regulated closed-end venture capital fund focused on regenerative agriculture and farmland private equity. Structured to meet Portugal Golden Visa requirements without direct real estate exposure, the fund invests in agricultural operating companies that acquire, regenerate, and operate farmland in Portugal’s interior regions.

Minimum Investment:

€500,000

Return Target:

8–10% p.a.

Term:

8 years

Category:

Private Equity

Manager:

STAG Fund Management SCR S.A.

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