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Portugal Prime Fund

Portugal Prime Fund is a CMVM-regulated investment fund managed by BiG Capital, investing primarily in private equity.

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

Fund IDportugal-pri
Regulatory StatusUnregistered
Min. Investment€100,000
Management Fee0.2%

Fund Snapshot

Key Facts

Min Investment€100,000
Open to USYes
Lock-up96 months
Fund Size (AUM)€100M

Fees

Management Fee
0.2%
Performance Fee
25%

Additional Details

Established2024

Compliance

Capital at risk. Past performance isn't indicative of future returns. This is not investment advice.

Historical Performance

No performance data available
Performance metrics will appear when data is provided

Fund Overview

About the Fund

Portugal Prime Fund is a specialized hospitality investment fund targeting Portugal's strongest tourism hubs. Winner of Fund Manager of the Year 2024 with a 100% Golden Visa success rate. The fund leverages Portugal's position as a leading European destination with tourism representing 19% of GDP and 31M+ visitors in 2023. Key Investment Highlights: • Golden Visa pathway with minimum €500,000 investment requirement • Risk level of only 3 out of 7 - other GV funds have risk level of 6 • Winner of Fund Manager of the Year 2024 • 100% success rate for Golden Visa applications • Direct investments from overseas accepted (no Portuguese bank account required) • Hospitality sector focus - tripled revenue since 2010 while Portuguese stock market declined 27% • Development & operation model investing in hotel operators (rooms, F&B, events) rather than direct property • Ultra-low fee structure: 0.20% management fee vs industry average of 2% • Two investment strategies: Capital Preservation (5% capped IRR) or Upside Participation (10% target IRR) • Exclusive investor perks including 7-day annual hotel stays at portfolio properties Two Investment Options: 1. Upside participation – targets net annual returns above 10%, requiring investment until maturity (8 years) 2. Capital preservation – capped at 5% annual return net of fees, with exit possible after obtaining permanent residency (5–6 years) Exclusive Benefits: • Investors committing the full €500k receive one complimentary week per year in deluxe hotels or serviced apartments • VIP project visits in the Algarve with limo service and guided tours Current Portfolio: • Vila Maria (Albufeira) - Operating modern hotel with rooftop pool & ocean views • Marina Apart-hotel - 310 units under construction, prime waterfront location • Beachfront Hotel - 182 rooms/suites with spa, gym, and events spaces under development The fund offers a streamlined 4-week process from start to Golden Visa application, managed via the Portugal Prime Investor Platform with real-time access to reports and documentation.

For broader context, see our full guide to Portugal Golden Visa investment funds.

Key Terms

Key Terms

Minimum Investment
€100,000
Fund Structure
Private Equity
Fund Term
8 years
Domicile
Not disclosed
Custodian
Not disclosed
Auditor
Not disclosed
ISIN
Not disclosed
Typical Ticket
Not disclosed
Risk Band
Not disclosed
Fund Status
Open
Inception Date
2024

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

Financial Details

Fees

Fee Structure

Management Fee0.2%
Performance Fee25%

Fee Calculator

Management fee:€0
Performance fee*:€0
Estimated annual cost:€0

Geographic Allocation

Portugal100%

Fund Structure

Regulatory & Compliance

CMVM RegistrationNot disclosed
AuditorNot disclosed
CustodianNot disclosed
NAV FrequencyNot disclosed
PFIC/QEF Status
Status Unknown

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

Team Information

Fund Team

5 team members

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

AN
CEO & Founder

Armando Carvalho Nunes is President of BIZ Group and a senior Portuguese investment executive with over three decades of experience in asset...

CV
Private Investors Manager

Carlos Varela is a private investors manager focused on supporting international clients investing through Portugal’s Golden Visa framework. He works...

HN
IT Manager

Henrique Nunes is responsible for the information technology and systems infrastructure supporting BIZ Group’s operations. With over a decade of...

TB
Chief Financial Officer

Tiago Botelho is a finance professional with background in audit, fund administration, and corporate finance across private equity and renewable...

VF
Asset Manager

Vasco Ferreira is an asset manager with experience overseeing European equity, fixed income, and mixed investment funds. At BIZ Group, he is...

Get in Touch with Portugal Prime Fund

Enquire about Portugal Prime Fund. The fund manager will respond within 24-48 hours.

Important Notice for Investors

Investment in funds involves risks, including the possible loss of principal. Please read all fund documentation carefully before making any investment decisions. Past performance is not indicative of future results.

Investment Calculator

Project potential returns based on your investment parameters

Display returns after management and performance fees

Fund minimum: €100,000

Typical holding period

%

Fund target: 5% 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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If this fund is full or doesn't meet your requirements, here are similar options with comparable risk profiles and investment strategies.

Portugal Prime, FCR

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Closed-end CMVM-regulated private equity fund investing in hospitality operators (non-real-estate) across Portugal's tourism sector; offers two tracks — 2% p.a. fixed (Capital Preservation, exit at citizenship) or ~10% target IRR (Upside, exit at maturity); Golden Visa eligible (minimum €100,000).

Minimum€100,000
Target Return2% p.a.
Duration8 years
CategoryPrivate Equity
Managed by BiG Capital SGOIC

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Target Return8% p.a.
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Mercúrio Fund II, FCR

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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€100,000
Target ReturnSee prospectus
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CategoryPrivate Equity
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Frequently Asked Questions

Capital Preservation offers 5% capped IRR with exit upon citizenship (5-6 years), while Upside Participation targets 10% IRR with exit at fund maturity (8 years).

Investors can participate from €300K using an exclusive loan facility where €200K is loaned to the investor's non-Portuguese account. The loan provider takes yields while the investor retains Golden Visa eligibility.

The fund charges only 0.20% management fee (1/10th of industry average), 0% subscription fee, and 25% performance fee only on profits above 5% hurdle.

Investors committing the full €500k receive one complimentary week per year in deluxe hotels or serviced apartments, plus VIP project visits in the Algarve with limo service and guided tours.

The streamlined process takes approximately 4 weeks from start to Golden Visa application, managed via the Portugal Prime Investor Platform.

Tourism represents 19% of Portugal's GDP with 31M+ visitors in 2023 (up 21% YoY). The hospitality sector has tripled revenue since 2010 while the Portuguese stock market declined 27%.