PEEIF II - Portuguese Energy Efficiency Investment Fund II
Quadrantis Capital's closed second energy-transition FCR (solar, efficiency, cleantech) — succeeded by PEEIF III.
Managed by Quadrantis Capital · Rua Barata Salgueiro 37, 6º D, 1250-042 Lisbon, Portugal
Key facts
- Fund status
- Closed
- Redemption
- At end of term2
- NAV frequency
- Biannual2
- Performance fee
- 30%2
- Hurdle rate
- 6%2
- Subscription fee
- 3%2
- Redemption fee
- 0%2
- Fund size
- €25M2
- Target size
- —
- Inception
- Jan 20242
- Fund term
- 10 years2
- Distribution
- Mix of income and capital appreciation backed by PPAs and energy-savings contracts; income ramps as projects reach operation (dividend-paying per movingto tags).2
- CMVM ID
- —
- ISIN
- PTQUAWIM00062
- Legal structure
- Closed-end venture capital fund (fundo de capital de risco fechado)2
- Domicile
- Portugal1,2
- Custodian
- Bison Bank2
- Auditor
- Kreston & Associados, SROC, Lda.2
For US investors
Accepts US investors- US investors accepted
- Accepts US investors2
- PFIC status
- PFIC with annual QEF reporting
- Annual QEF statements
- Yes2
- IRA / 401(k) route
- —
movingto records the fund as accepting US persons with QEF reporting available. Confirm QEF statements with the manager; PFIC treatment applies.
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
Only the Portugal share is published; remainder across other energy-transition assets.
Documents
- Open
Quadrantis Capital — funds overview (PEEIF I & II listed as closed)
Manager website · EN · accessed Jul 7, 2026
Data transparency
Researched Jul 7, 2026 · every fact carries its source
Still researching
- CMVM registration
- Target fund size
- IRA/401(k) eligibility
Sources
- 1Quadrantis Capital funds overview — PEEIF I & II listed as closed — Quadrantis Capital (manager), accessed Jul 7, 2026
- 2Movingto fund profile (Supabase data, incl. FAQ; last data review 2026-05-11) — movingto (aggregator), accessed Jul 7, 2026
Research summary
Compiled from the sources cited on this page — a factual summary, not a recommendation or rating.
PEEIF II is the second energy-transition fund from Quadrantis Capital, a Lisbon venture capital manager. Structured as a closed-end FCR with a 10-year term, it channels capital through SPVs into solar PV and wind generation, industrial energy-efficiency retrofits and cleantech infrastructure, roughly 60% in Portugal, targeting a 6–8% return with contract-backed cash flows (PPAs, energy-savings agreements).
The fund is closed: Quadrantis's own funds page lists PEEIF I & II among its closed funds, and movingto marks it closed with a last data review in May 2026. Its successor, PEEIF III, is open and covered separately in this database. Notable terms per movingto include a 2.5% management fee, a 3% subscription fee and an unusually high 30% performance fee over a 6% hurdle, plus a conditional buyback option after year 3.
All fund-level economics come from the movingto aggregator profile rather than fund documents, so figures should be verified with the manager. For US investors, movingto records confirmed acceptance of US persons and QEF reporting availability.
Suited for
- ·Existing unitholders tracking their investment — the fund is closed to new subscriptions
- ·Investors evaluating Quadrantis Capital's track record ahead of PEEIF III
Risk factors
- ·Development and construction risk on energy projects; income depends on projects reaching operation
- ·Closed-end, ~10-year horizon; the year-3 buyback is conditional on liquidity, not a right
- ·30% performance fee (per movingto) is well above market norms — verify before relying on net-return projections
- ·Terms sourced from a single aggregator; no prospectus or KID publicly available
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
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Tom Brooks
Founding Partner & CEO
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