Monarque Portugal L2
Closed Golden Monarque FCR mixing income assets (incl. commercial real estate) with global securities; subscriptions ended Feb 2023.
Managed by Golden Monarque · Avenida Engenheiro Duarte Pacheco 19, 12º andar, Lisbon, 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
- 6 years1
- Distribution
- —
- CMVM ID
- 16862
- ISIN
- —
- Legal structure
- Closed-end venture capital fund (Fundo de Capital de Risco, FCR)2
- Domicile
- Portugal2
- 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
No public fund documents located yet. We can request the current prospectus and KID directly from the manager — book a consultation and we will walk you through them.
Data transparency
Researched Jul 7, 2026 · every fact carries its source
Still researching
- Management fee
- Performance fee
- Lock-up period
- US investor acceptance
- 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
- 1Monarque Portugal L2 — Nomad Gate profile — Nomad Gate (aggregator), accessed Jul 7, 2026
- 2LEI record: MONARQUE PORTUGAL L2 FUND, FCR (LEI 984500D4FB8FC78DBC12) — GLEIF (regulator), accessed Jul 7, 2026
- 3LEI record: GOLDEN MONARQUE, SCR, S.A. (ex-FASTTRACK VC, SCR, S.A.) — GLEIF (regulator), accessed Jul 7, 2026
Research summary
Compiled from the sources cited on this page — a factual summary, not a recommendation or rating.
Monarque Portugal L2 is the second fund from Golden Monarque, SCR, S.A. (formerly FastTrack VC, SCR), a Lisbon manager whose vehicles were marketed to Golden Visa investors under the pre-2023 rules. The fund blended income-generating assets — explicitly including commercial real estate — with a liquid sleeve of international equities, bonds and ETFs, with a €350,000 minimum ticket and a '6+ year' horizon per Nomad Gate.
The subscription period closed in February 2023, before the October 2023 'Mais Habitação' reform. Because of its commercial real-estate exposure, the fund would not qualify for new Golden Visa applications under the current rules — though this is moot, as it accepts no new investors. Golden Monarque has no functioning public website (the domain returns 403), and virtually nothing beyond the LEI/CMVM registration (no. 1686) and the aggregator profile is publicly available: no fees, size, performance or documents. Retained in the database for reference; the manager's later vehicles (e.g. a hospitality/tourism FCR and an open-ended securities fund, per GLEIF) are separate entities.
Suited for
- ·Reference only — the fund closed to new subscriptions in February 2023
- ·Existing unit-holders or advisers reconstructing the pre-2023 Golden Visa fund landscape
Risk factors
- ·Commercial real-estate exposure disqualifies it from the current Golden Visa fund route
- ·Closed-end structure with no published interim liquidity
- ·Essentially no public disclosure: no fees, size, NAV or reports; manager website unreachable
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 Monarque Portugal L2 and how it fits your Golden Visa plan — independent guidance, no obligation.
Book a free consultationor email hello@rootsglobal.com
