The tourism, housing and hospitality sectors are the bets of the “Growth Fund” private equity fund. This fund is the result of an alliance between Green One Capital and Riverview Capital and intends to raise €100 million in international markets to invest in Portugal.
“The strategy includes creating a portfolio that prioritizes investor safety and stability, and allows the fund’s income to be distributed as soon as possible,” explained in a statement to Green One Capital, a venture capital firm, which has been operating in Portugal since 2016 and is part of Emerald Group, which is owned by a man Angolan business N’Gunu Tiny (pictured).
Approved and regulated by the Portuguese Securities Market Authority (CMVM), the Growth Fund is intended to be offered to both ‘golden visa’ and international institutional investors who wish to invest in Portugal, with the first IPOs for ten investors expected in February. 2022.
The fund is managed by Green One Capital. The developer, Riverview Capital, is an Irish real estate and financial investment firm with over 75 years of experience, focused on the active development of high quality residential and hotel projects in Portugal and Spain.
According to James Ferris, of Riverview Capital, citing the statement, “The Growth Fund is the result of the maturity of the investments we have made and reflects the Group’s commitment to Portugal as an investment destination.”
Pedro Jordao, Director of Green One Capital, stresses that this partnership opens the opportunity to “develop a range of projects, with an impact on our market, with a company like Riverview – with whom we share a clear and objective project vision”.
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