Gaia Investment Fund
Insula Capital-managed agricultural fund built on Portuguese wine and cork — no longer publicly marketed; terms and status unverifiable.
Managed by Insula Capital · Avenida da Liberdade 190, 3A, 1250-147 Lisbon, Portugal
Key facts
- Fund status
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- Redemption
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- NAV frequency
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- Performance fee
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- Hurdle rate
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- Subscription fee
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- Redemption fee
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- Fund size
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- Target size
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- Inception
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- Fund term
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- Distribution
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- CMVM ID
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- ISIN
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- Legal structure
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- Domicile
- Portugal1
- Custodian
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- Auditor
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For US investors
- US investors accepted
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- PFIC status
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- Annual QEF statements
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- IRA / 401(k) route
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No public information on US investor acceptance or PFIC/QEF reporting.
Fees & costs
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
Insula Capital — current website (no fund list published)
Manager website · EN · accessed Jul 7, 2026
Data transparency
Researched Jul 7, 2026 · every fact carries its source
Still researching
- Minimum investment
- Management fee
- Performance fee
- Lock-up period
- Redemption frequency
- CMVM registration
- US investor acceptance
- Golden Visa eligibility
- ISIN
- Legal structure
- Fund size
- Target fund size
- Inception date
- Fund term
- NAV frequency
- Hurdle rate
- Subscription fee
- Redemption fee
- Custodian
- Auditor
- Target return
- Distribution policy
- PFIC status
- QEF reporting
- IRA/401(k) eligibility
- Portfolio allocation
Sources
- 1Webinar: 'A Sustainable Option for Golden Visa through Wine and Cork' — hosted by Gaia Investment Fund (live page now 404) — Nomad Gate (via Wayback Machine) (aggregator), accessed Jul 7, 2026
- 2Insula Capital current website — minimal landing page, no fund list (insulacapital.pt redirects here) — Insula Capital (manager), accessed Jul 7, 2026
Research summary
Compiled from the sources cited on this page — a factual summary, not a recommendation or rating.
The Gaia Investment Fund was marketed around 2021-2022 as a fully agricultural route to the Portugal Golden Visa: a portfolio of existing vineyards, wine production and cork forestry managed by Insula Capital, the Lisbon SGOIC that also runs the Flex Space Fund. Its pitch combined cork's stable cash flows (Portugal is the world leader in planted cork area and exports) with wine's upside and the licensing moat around new vineyard planting, plus a hospitality layer.
Today the fund has effectively vanished from public view. Insula Capital's website has been rebuilt (insulacapital.pt now redirects to a minimal insula.capital landing page with no fund list), the Nomad Gate webinar page survives only in the Wayback Machine, the blog article profiling the fund is gone, and d7visa's fund table — the seed source, which listed a €150,000 minimum — has been rewritten without it. No subscription status, terms or registry data could be verified, so the fund's status is recorded as unknown; it is plausibly closed or fully wound into the manager's private client base.
Vineyard and forest land ownership would also face indirect-real-estate scrutiny under the post-October 2023 Golden Visa rules. Anyone holding units or considering the strategy should contact Insula Capital directly; nothing in this profile is verifiable beyond the archived marketing material.
Suited for
- ·Existing unitholders seeking a reference record — the fund is no longer publicly marketed
- ·Researchers mapping pre-2023 agricultural Golden Visa vehicles
Risk factors
- ·Public information has disappeared; status, NAV and terms are unverifiable without contacting the manager
- ·Agricultural returns depend on wine market performance, cork prices and long biological cycles
- ·Land-heavy strategy may constitute indirect real-estate exposure under post-2023 Golden Visa rules
- ·No published fund documents, registry entry or ISIN found
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.
Frequently asked questions
Is the Gaia Investment Fund still open?

Tom Brooks
Founding Partner & CEO
Talk through Gaia Investment Fund and how it fits your Golden Visa plan — independent guidance, no obligation.
Book a free consultationor email hello@rootsglobal.com
