Roots Global

Fund comparison

Explorer V versus Fortitude Portugal Special Situations II

vs
Explorer Investments logo

Explorer V

Explorer Investments

Private EquityOpen
Fortitude Capital logo

Fortitude Portugal Special Situations II

Fortitude Capital

Private EquityOpen

Residency permit & citizenship vs lock-up

Explorer V10-year lock-upFortitude Portugal Special Situations II4-year lock-up~Year 6: typical naturalization decision

Golden Visa applicants must keep the qualifying €500,000 invested while the residency is active; naturalization timelines vary by case. Not legal advice.

Key facts, side by side

5 of 12 differ · marks a difference
Explorer VFortitude Portugal Special Situations II
Minimum investment
€250k
€100k
Management fee p.a.
2%
2%
Performance fee
20%
20%
Hurdle rate
7%
Subscription fee
5%
Redemption fee
Not disclosed
0%
Lock-up
10 years
4 years
Redemption
~At end of term
At end of term
Fund term
10 years
4 years
Target return
20–25%
15–20%
Fund size
€150M
Inception
Jan 2026
~Jul 24, 2025

What the fees add up to

€29k€58k€87k€116kStartY1Y2Y3Y4Y5Y6Y7Y8€80k€105k
Explorer VFortitude Portugal Special Situations IIFees on €500k over 8 years — subscription + management only

Constant-balance illustration on a €500,000 Golden Visa subscription. Performance fees, redemption fees and fund-level costs are excluded — verify the full stack in each fund's prospectus.

For US investors

  • Accepted

    Unconfirmed

  • PFIC

    PFIC status unclear

  • QEF statements

    Unconfirmed

  • IRA route

    Unconfirmed

  • Accepted

    Unconfirmed

  • PFIC

    PFIC expected, no QEF reporting confirmed

  • QEF statements

    Not provided

  • IRA route

    Unconfirmed

Research coverage

63%

data completeness

0 fund documents linked · 4 sources cited

Full profile & sources →
86%

data completeness

0 fund documents linked · 6 sources cited

Full profile & sources →

This comparison restates researched data side by side — it is not a recommendation of either fund. Facts marked with a dash or "not disclosed" were not published; how much weight any difference deserves depends on your situation.