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Long lock-up (5–10 years) Golden Visa Investment Funds

Compare 6 Long lock-up (5–10 years) investment funds for Golden Visa applications.

QC

QUADRANTIS PRIVATE EQUITY II

GV-intended (manager-stated)
Open
Data reviewed Mar 18, 2026
PFIC: QEF available
Private Equity

The fund adopts a diversified and risk-focused strategy based on two core pillars: secured credit and investment-grade bonds. It finances contracts between established entities with strong guarantees and protective mechanisms, enhancing security for investors. In parallel, the fund invests in BBB to AAA-rated government and corporate bonds from Portugal and international markets, aiming to deliver stable and consistent returns while preserving capital.

CMVM: 2222Min: €100,000Mgmt: 1.5%
Min. Investment€100,000
Target Return6.5–10% p.a.Manager-stated, not guaranteed
RedemptionQuarterly
Fees:1.5%Mgmt·20%Perf
Private Equity

Fortitude Portugal Special Situations II is a CMVM-regulated private equity fund focused on special situations across Portugal and Iberia. Backed by institutional partners and led by former Goldman Sachs leadership, the fund targets event-driven opportunities in industries from energy to hospitality. It aims for 15–20% net returns while remaining eligible for Portugal’s Golden Visa program.

ISIN: PTFTDRIM0006CMVM: 2257Min: €100,000Mgmt: 2%
Min. Investment€100,000
Target Return15–20% p.a.Manager-stated, not guaranteed
RedemptionEnd of Term
Fees:2%Mgmt·20%Perf
GP

Growth Blue Fund

Open
Data reviewed Dec 6, 2025
Private Equity

Growth Blue is a closed-end private equity fund focused on Portugal’s Blue Economy, investing in SMEs and Mid-Caps with strong operational foundations and clear growth potential. Supported by the European Investment Fund and overseen by CMVM, it aims to create value by actively managing its investments and following a policy that focusses on sustainability.

ISIN: PTGWTKIM0009 (Cat. B), PTGWTLIM0008 (Cat. C)Min: €50,000Mgmt: 2%
Min. Investment€50,000
Target ReturnNot disclosedManager-stated, not guaranteed
RedemptionQuarterly
Fees:2%Mgmt·20%Perf
SF

INZ Fund

Open
Data reviewed Dec 7, 2025
PFIC: QEF available
Private Equity

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.

ISIN: Class B-PTSFM4IM0009; Class C-PTSFM5IM0008;Min: €150,000Mgmt: 1.6%
Min. Investment€150,000
Target Return8% p.a.Manager-stated, not guaranteed
RedemptionEnd of Term
Fees:1.6%Mgmt·15%Perf
QC

PEEIF II – Portuguese Energy Efficiency Investment Fund II

Closed
Data reviewed May 11, 2026
PFIC: QEF available
Venture Capital

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.

ISIN: PTQUAWIM0006Min: €200,000Mgmt: 2.5%
Min. Investment€200,000
Target Return6–8% p.a.Manager-stated, not guaranteed
RedemptionQuarterly
Fees:2.5%Mgmt·30%Perf
SF

Pela Terra II Regenerate Fund

Open
Data reviewed Dec 12, 2025
PFIC: QEF available
Private Equity

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.

ISIN: B-PTSFMQIM0007/ C-PTSFM6IM0007CMVM: 1816Min: €500,000Mgmt: 2%
Min. Investment€500,000
Target Return8–10% p.a.Manager-stated, not guaranteed
RedemptionEnd of Term
Fees:2%Mgmt·20%Perf

Frequently Asked Questions about Long lock-up (5–10 years) Portugal Golden Visa Investment Funds

Long lock-up (5–10 years) Golden Visa investment funds are specialized investment vehicles that focus on long lock-up (5–10 years) sectors and are marketed for Portugal's Golden Visa program (per manager statements). These funds allow non-EU investors to potentially obtain Portuguese residency by investing €500,000 or more in long lock-up (5–10 years) investment opportunities—subject to verification by Portuguese legal counsel.

Currently, there are 6 long lock-up (5–10 years) funds available in our directory that are marketed for the Portugal Golden Visa route (per manager statements). Each fund should be verified with Portuguese legal counsel to confirm eligibility.

Portugal Golden Visa fund route requires €500,000 in total qualifying investment (post-October 2023 rules), which excludes funds with direct real-estate investment — confirm fund-specific eligibility with qualified Portuguese legal counsel. Individual long lock-up (5–10 years) fund subscription minimums may be lower, but total qualifying investment must reach €500,000. Eligibility must be confirmed with Portuguese legal counsel.

No investment fund is risk-free, and capital is at risk — including the risk of losing some or all of your investment. Long lock-up (5–10 years) funds may be regulated investment vehicles, but regulation governs conduct and disclosure; it is not a guarantee of returns or of capital protection. Outcomes depend on the fund's strategy, assets, fees, liquidity, and market conditions. Review each fund's prospectus and Key Information Document and consult your own qualified legal and financial advisers before investing.

For Golden Visa purposes you generally maintain the qualifying investment through the residence and renewal period. Holding periods and the naturalisation timeline changed under Portugal's 2026 Nationality Law and must be confirmed with qualified Portuguese legal counsel.

Portugal Golden Visa applications often allow family members (e.g. spouse, dependent children, dependent parents), but eligibility depends on relationship and dependency rules that can change — confirm with qualified Portuguese legal counsel.

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