Marcha VC Investment Fund
INQBT Capital VC fund mixing Portuguese growth equity/credit with a global bond sleeve; current status unclear.
Managed by INQBT Capital · Rua Ivens 42, 1º andar, 1200-227 Lisbon, Portugal
Key facts
For US investors
- US investors accepted
- —
- PFIC status
- —
- Annual QEF statements
- —
- IRA / 401(k) route
- —
The manager states the fund is CRS/FATCA compliant with GIIN VS5YKQ.99999.SL.620 (listed on the IRS FATCA FFI registry), which suggests US-investor onboarding is contemplated, but no explicit US-investor policy is published. Expect PFIC treatment; no QEF information available.
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.
Allocation
Target allocation per d7visa's fund page, not a reported portfolio breakdown.
Documents
- Open
INQBT Capital — 10 Marcha VC Fund page
Manager website · EN · accessed Jul 7, 2026
Data transparency
Researched Jul 7, 2026 · every fact carries its source
Still researching
- Lock-up period
- Redemption frequency
- US investor acceptance
- ISIN
- Legal structure
- Fund size
- Inception date
- NAV frequency
- Hurdle rate
- Redemption fee
- Distribution policy
- PFIC status
- QEF reporting
- IRA/401(k) eligibility
Sources
- 1INQBT Capital — investments / 10 Marcha VC Fund — INQBT Capital (manager), accessed Jul 7, 2026
- 2INQBT Capital SCR S.A. — homepage (CMVM licence 174783, LEI, GIIN) — INQBT Capital (manager), accessed Jul 7, 2026
- 3Marcha VC Fund — d7visa fund page — D7visa (aggregator), accessed Jul 7, 2026
- 4D7visa Golden Visa funds overview (fund no longer listed as of access date) — D7visa (aggregator), accessed Jul 7, 2026
Research summary
Compiled from the sources cited on this page — a factual summary, not a recommendation or rating.
The Marcha VC Investment Fund (styled '10 Marcha VC Fund' by its manager) is run by INQBT Capital SCR S.A., a small Lisbon venture capital company supervised by the CMVM (licence 174783). Its pitch is a 'conservative' take on venture capital: 60% of capital in equity and credit of high-growth Portuguese companies and the remaining 40% parked in global bond markets, targeting a 10% IRR with a 3% annual management fee and no subscription or performance fees.
Public information is thin. The manager's website confirms the fund's existence, regulatory supervision, LEI and FATCA registration but publishes no terms, documents or status. Virtually all fund economics come from a single aggregator (d7visa), whose own figures are internally inconsistent (a €250k minimum in its comparison table versus €500k on the fund page) and whose €300 million target AUM claim is far above the norm for Portuguese VC funds. The fund no longer appears on d7visa's live comparison table, and it is absent from nomadgate and movingto.
Whether the fund is still raising is unknown — treat this profile as a lead requiring direct contact with INQBT Capital, not as a basis for investment.
Suited for
- ·Investors specifically drawn to a bond-cushioned VC structure who are willing to do primary due diligence with the manager
- ·Golden Visa applicants only after obtaining fund documents and written confirmation of eligibility and open status
Risk factors
- ·Nearly all terms rest on a single aggregator profile with internally conflicting figures
- ·3% p.a. management fee is high for the category
- ·40% of the portfolio in global bonds leaves only the legal minimum 60% in Portuguese companies — any drift could jeopardise Golden Visa eligibility
- ·No published track record, documents or NAV information
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 Marcha VC Investment Fund and how it fits your Golden Visa plan — independent guidance, no obligation.
Book a free consultationor email hello@rootsglobal.com
