C2 Legacy Buyout Fund
Closed C2 Capital buyout fund acquiring majority stakes in Portuguese succession-situation companies; subscriptions ended December 2025.
Managed by C2 Capital Partners · Rua Mouzinho da Silveira 23, 1250-166 Lisbon, Portugal
Key facts
- Fund status
- Closed
- Redemption
- ~At end of term3
- NAV frequency
- —
- Performance fee
- —
- Hurdle rate
- —
- Subscription fee
- 3%2
- Redemption fee
- —
- Fund size
- —
- Target size
- —
- Inception
- —
- Fund term
- 8 years1,2
- Distribution
- —
- CMVM ID
- 20373
- ISIN
- —
- Legal structure
- Closed-end venture capital fund (Fundo de Capital de Risco Fechado), managed by C2 Capital Partners - SCR, S.A.2,3
- Domicile
- Portugal3
- Custodian
- —
- Auditor
- —
For US investors
- US investors accepted
- —
- PFIC status
- —
- Annual QEF statements
- —
- IRA / 401(k) route
- —
No public information on US investor acceptance. As a non-US pooled fund it would be expected to be a PFIC for US taxpayers; no QEF information published. The fund is closed to new subscriptions, so this is largely moot for new investors.
Fees & costs
Estimate covers subscription and management fees only, on a constant balance. Performance fees, redemption fees and fund-level costs are excluded. Verify all fees in the fund's prospectus.
Performance
No audited performance data is publicly available for this fund yet. We only show returns we can trace to fund reporting — never marketing projections presented as track record.
Documents
- Open
C2 Capital Partners — Golden Visa fund page (site is bot-protected; not directly fetched)
Manager website · EN · accessed Jul 7, 2026
Data transparency
Researched Jul 7, 2026 · every fact carries its source
Still researching
- Performance fee
- Lock-up period
- US investor acceptance
- ISIN
- Fund size
- Target fund size
- Inception date
- NAV frequency
- Hurdle rate
- Redemption fee
- Custodian
- Auditor
- Distribution policy
- PFIC status
- QEF reporting
- IRA/401(k) eligibility
- Portfolio allocation
Sources
- 1C2 Legacy Buyout Fund — Nomad Gate profile — Nomad Gate (aggregator), accessed Jul 7, 2026
- 2C2 Legacy Buyout Fund 2024 overview — D7visa (aggregator), accessed Jul 7, 2026
- 3LEI record: C2 Legacy Buyout - Fundo de Capital de Risco Fechado (LEI 894500LEMGEQ9GIVSL14) — GLEIF (regulator), accessed Jul 7, 2026
Research summary
Compiled from the sources cited on this page — a factual summary, not a recommendation or rating.
The C2 Legacy Buyout Fund plays a demographic theme: most Portuguese companies were founded after the 1974 revolution by entrepreneurs now reaching retirement, and many lack succession plans. The fund, managed by C2 Capital Partners – SCR, S.A. (an affiliate of Gaw Capital), acquires majority stakes in these established, cash-generative businesses — sector-agnostic, but with agriculture, education, industrial manufacturing and energy called out — targeting companies with €4M+ revenues, €1M+ EBITDA and conservative leverage, and a 15% IRR objective.
The subscription period ended in December 2025 per Nomad Gate, closing the fund to new investors. It is a closed-end FCR with an 8-year horizon, CMVM-registered (no. 2037 per its LEI record). Aggregators recorded a €150,000 minimum ticket, 2% management fee and 3% subscription fee, but none of this was verified against a prospectus or KID — the manager's own site sits behind bot protection and publishes little fund detail. The profile is retained for reference alongside C2's still-open Atlantic Open-Ended Fund.
Suited for
- ·Reference only — the fund closed to new subscriptions in December 2025
- ·Useful as background on C2 Capital Partners when evaluating its open funds (e.g. C2 Atlantic Open-Ended Fund)
Risk factors
- ·Closed-end 8-year buyout fund — capital locked until term with no published interim liquidity
- ·Concentrated exposure to small/mid-sized Portuguese companies and succession-situation execution risk
- ·Fees and terms known only from aggregator profiles, never verified in offering documents
Listed for completeness, drawn from fund materials and public sources — not an assessment. How much weight any factor deserves depends on your own situation and risk appetite.
Tom Brooks
Founding Partner & CEO
Talk through C2 Legacy Buyout Fund and how it fits your Golden Visa plan — independent guidance, no obligation.
Book a free consultationor email hello@rootsglobal.com
