"Your bridge to Europe"

Invest in your future

The Gold Visa by investing in innovation is the first visa in Portugal where you invest in the new ideas sprung by this fund. You will have a future in Europe in a country that is seeking growth. It is an exciting time to be alive.

A great place for you and your family.

Important: Subsidiaries financing is guaranteed by real assets, future revenues and/or bank guarantees.

Investment profile

Minimum of 60% of the fund size is invested in Portuguese companies for innovation and project financing related to internationalization. 20% of the fund size is invested for investment operations to spread operation risk. The capital that is invested is secured either as “1st lien loan” or through immediate liquidity.

Investment portfolio

40% of the fund is invested in regulated financial products. Investments in this category are described as having a “conservative” profile. 30% of the fund size is invested in core/core-plus real estate and are described as indirect investments. 30% of the fund size is invested in private equity where companies falls under the description as “mature” company capitalization.

Legal features

The fund is fully regulated by the Portuguese Stock Exchange Commission (CMVM). The investment fund is administered by the Portuguese Securities Market Authority. The fund, seen as a financing vehicle assures total transparency, liquidity, and compliance. Limited responsibility is secured by the fund shares, both for investors and fund portfolio.

Tax & fiscal advantages

Fund distributed dividends to non-resident investors are tax exempt * (not even withholding tax). The fund capital gains are tax exempt (at the share redemption or fund liquidation). Interests from subsidiaries financing are tax exempt. The distributed dividends from subsidiaries to the fund are also tax exempt. (For residents in countries listed in the Portugal Tax Authority’s “blacklist”: 10% withholding tax).

FUND TERMS

DESCRIPTION

OTHER FEES

Custodian Fee / Paying Agent / FUND Tax: Estimated 0,2% p.a. on the size of the Fund (GAV)

MANAGEMENT FEES

Management Fee: 0,4% p.a. on the size of the Fund (GAV)

LIQUIDITY / TRANSPARENCY

The FUND is approved and regulated by the Portuguese Stock Exchange Commission (CMVM) Co-investment solutions are not available/
applicable for this Fund.

LEGAL & TAX ADVISOR

CMS PORTUGAL

INVESTMENT PROFILE

Minimum of 60% of the FUND size invested in Portuguese Companies through Mezzanine Loans, secured by Real Assets, Future Revenues or Bank Guarantees.

FUND TERM

Tenth Anniversary (may be extended for several periods)

FUND RETURNS

The FUND offers a Fixed Annual Net IRR of 1,5% - Distribution Share Type

FUND DOMICILE / TYPE

PORTUGAL / Venture Capital Fund

FUND & COMMITMENT SIZE

Maximum FUND Size: € 17.500.000 / Minimum Investor Commitment Amount: € 250.000 (Min. Commitment for “Golden Visa”: € 350.000) / Minimum Investor Commitment Period: 6 Years

CUSTODIAN BANK

MILLENNIUM BCP, S.A. (licensed and supervised by the Portuguese Central Bank)