Growth Iberia Fund
Closed EuVECA private equity fund buying into profitable Portuguese and Spanish SMEs; subscriptions ended December 2024.
Managed by Growth Partners Capital · Cascais, Portugal
Key facts
- Fund status
- Closed
- Redemption
- ~At end of term2
- NAV frequency
- —
- Performance fee
- —
- Hurdle rate
- —
- Subscription fee
- —
- Redemption fee
- —
- Fund size
- —
- Target size
- —
- Inception
- —
- Fund term
- 10 years1
- Distribution
- —
- CMVM ID
- 18113
- ISIN
- —
- Legal structure
- Closed-end European venture capital fund (Fundo de Capital de Risco Europeu Fechado, EuVECA), incorporated for a fixed term under Law no. 18/2015 and regulated by the CMVM2,3
- Domicile
- Portugal2,3
- 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
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
Growth Iberia — fund page on the manager site
Manager website · EN · accessed Jul 7, 2026
Data transparency
Researched Jul 7, 2026 · every fact carries its source
Still researching
- Management fee
- Performance fee
- Lock-up period
- US investor acceptance
- Golden Visa eligibility
- ISIN
- Fund size
- Target fund size
- Inception date
- 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
- 1Growth Iberia — Nomad Gate fund profile — Nomad Gate (aggregator), accessed Jul 7, 2026
- 2Growth Iberia fund page — Growth Partners Capital (manager), accessed Jul 7, 2026
- 3LEI record: GROWTH IBERIA - FUNDO DE CAPITAL DE RISCO EUROPEU FECHADO, EUVECA (LEI 635400KND77T4RUZGW32) — GLEIF (regulator), accessed Jul 7, 2026
Research summary
Compiled from the sources cited on this page — a factual summary, not a recommendation or rating.
Growth Iberia is Growth Partners Capital's first genuinely Iberian private equity fund: a closed-end EuVECA vehicle that buys equity, quasi-equity and debt positions in profitable Portuguese and Spanish SMEs and mid-caps, with the explicit angle of helping portfolio companies expand across the Iberian Peninsula and exiting them at valuations that reflect that larger footprint. The manager's site discloses three portfolio companies — CAMPI&D (beef-sector R&D), Sistemas Kern (smart parcel lockers) and ID Energy (solar engineering) — spanning food, logistics tech and renewables.
The subscription period ended in December 2024 per Nomad Gate, and the fund is closed to new investors. It remains CMVM-regulated (registered as no. 1811 per its LEI record) with a roughly 10-year fixed term. Fee terms, fund size and performance were never published; Nomad Gate recorded a €250,000 minimum ticket. Golden Visa eligibility under the post-October 2023 rules was plausible for the strategy but never confirmed by the fund. The profile is retained for reference.
Suited for
- ·Reference only — the fund closed to new subscriptions in December 2024
- ·Useful as background on Growth Partners Capital when evaluating its other funds (e.g. Growth Blue)
Risk factors
- ·Closed-end ~10-year fund — capital locked until term with no published interim liquidity
- ·Concentrated SME private equity exposure in Portugal and Spain
- ·Very limited public disclosure: no published fees, fund size or performance
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 Growth Iberia Fund and how it fits your Golden Visa plan — independent guidance, no obligation.
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