InVino Fund

A unique eco & wine tourism fund dedicated to investing in the “next generation” of sustainable businesses (ESG) in the hospitality sector in Portugal. The Fund’s capital is intended for investment in companies or projects with high growth potential, optimizing the hospitality business through its integration with the wine and the agroforestry.

ESG:
Investing with Purpose

Aligning eco & wine tourism with the best ESG practices is one of the pillars of the InVino Fund, and therefore a mandatory criteria when choosing where to invest and how to operate. Sustainability practices are present at each stage of the projects and throughout the operations of the invested businesses.

Our Thesis,
Our Beliefs

InVino Fund invests in companies with the concept of transforming working farms and heritage sites (e.g., vineyards, olive groves, cork forest, manor houses) into sustainable resorts, offering a full eco & wine-based experience where guests will enjoy unique F&B hospitality based on a true “bio-farm to table” and perfectly adapted to the post-Covid world.

 

The developments shall be in line with the best sustainable practices and focus on generating impact, creating new jobs, balancing the social and regional asymmetries, preserving the nature and local heritage (e.g., culture, traditions).

 

In addition to the highly competitive target returns and positive sustainable impacts, investing in InVino Fund provides access to the exclusive benefits of the InVino Fund Investors Club and the opportunity for the much-desired European residence and citizenship through the Golden Visa program, which allows all family members free access to live, travel and work in Europe.

InVino Fund
Investment Strategy

The objective is to combine and balance some greenfield & brownfield projects with others already under operation, so the Fund may also allocate its capital for the recovery and turnaround of enterprises, companies or opportunistic special situations.

Acquire and/or refurbish
existing hotel properties

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Acquire established operating
hotels or resorts;
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Buy profitable operations for which sustainability
(ESG) approach is a strong fit;
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Identify operations optimization opportunities to,
maximize results, including reflag operations.

Develop new operations (greenfield & brownfield projects)

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Develop new hospitality operations
in selected locations;
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Buy value-add properties with great
potential for developments;
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Attract top branded
maximize results.

InVino Fund Investors Club

In addition to attractive expected returns, the fund investors will participate in the InVino Fund Investors Club, an exclusive club where the members will live unique experiences in connection with the eco & wine tourism in Portugal.

ESG benefits

Aligning eco & wine tourism with ESG practices is one of the fund pillars, therefore, having access to the InVino Fund Investors Club will give the member the opportunity to participate in exclusive actions promoted by the invested enterprises, e.g.:

  • InVino Fund annual general meeting, including lunch (or dinner) and other exclusive experiences, each year held at one of the invested developments; 
  • Events for ESG certifications (e.g., construction, agroforestry, viticulture, etc);
  • Planting of vines and cork trees;
  • Social activities;
  • Actions to reduce the carbon footprint;
  • Among others.

Wine &
Hospitality benefits

  • Complete wine experience: “wine club”, tastings, blending, wine tours, harvest;
  • Premium hospitality: accommodation in the Fund’s investment portfolio;
  • And much more!

Why invest in
InVino Fund?

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Tax exemption
for non-residents
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Golden Visa program eligibility
for all family members
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Shareholders’ exclusive club program*: hotel  stays,
wine box,wine barrel & wine tasting
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Competitive target returns in line
with the rising global interest rates
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US investors
are welcome
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Cryptocurrency investors
are welcome
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Value preservation: real estate
and tangible assets investments
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Sustainability in
the core
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Great team with
proven track record
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Compliance
& Governance

An easy step by step

Fund Governance

Fund Management & Administration

Investment Manager of the Private Equity Fund. Oversees all activities and appointments and maintains books and records of the Fund. Is also responsible for all Know Your Customer (KYC) and Anti-Money Laundering (AML) processes with investors.

Fund Advisory

Fund structuring and promotion.
Responsible for proposing
investment opportunities.

Banco Custodiante & Depositário

Responsible to independently supervise
activities of Fund and custodian for all assets.

Auditores Independentes

Performs independent and
official annual auditing of the Fund.

Jurídico e Fiscal

Set up and ongoing legal works,
Acts as governing party for local Entity.

Regulatory Agency

Supervises and regulates the markets for financial instruments, as well as the agents that act in them, promoting the protection of investor.

InVino Capital FCR is an investment fund managed by STAG Fund Management SCR S.A., 
fully regulated by the Portuguese Securities Market Authority (CMVM)

FAQ’s

Is the InVino Fund still eligible for the Golden Visa Program?

Yes, the InVino Fund meets all the necessary requirements to qualify for the Golden Visa Program, as per the Management Regulations, including:

- Registration with Portuguese regulatory entities, i.e., CMVM;

- Fund life exceeding the mandatory minimum of 5 years;

- Allocation of at least 60% of capital to investments in Portuguese companies;

- No direct or indirect investment in the real estate market.

In addition to meeting all these requirements, the InVino Fund confirms its eligibility for the program through a legal opinion from a renowned Portuguese law firm.

What are the main advantages of investing in a private equity fund (e.g., InVino Fund) to obtain the Golden Visa?

We present below the seven advantages of investing in the InVino Fund to obtain your Golden Visa.

  1. Governance & Compliance: a fund registered in Portugal is regulated by the following institutions / companies:

- Portuguese Securities Market Commission (CMVM);

- Fund management;

- Portuguese tax authority;

- Custodian & depository bank;

- Independent auditor.

In the case of InVino Fund, STAG Fund Management is the fund manager, Bison Bank is the custodian & depository bank and BDO is the independent auditor, providing some levels of auditing and compliance to ensure higher levels of protection and management in the investment and divestment processes.

  1. Simplified bureaucracy: the investment process essentially requires obtaining the tax number (NIF) and opening a bank account in Portugal. These procedures, along with the investment in the fund itself, can be done remotely, streamlining the process, with the seven steps illustrated in this LINK.
  2. Cost and tax efficiency: investment funds have reduced fees and fiscal benefits such as exemption from Income and Succession Tax (0% rate for both in Portugal).
  3. Exclusive benefits: access to the InVino Fund Investors Club, e.g., a complete wine experience ("wine club"), premium hospitality (exclusive agreements with renowned hotel brands), participation in ESG initiatives (environmental, social, annual assembly), and much more!
  4. Diversification: funds need to diversify their investments, which enhances results and reduces risk for investors.
  5. Potential gains in strong currency: private equity funds offer target returns above the market average in euros.
  6. Corporate management: as an investor, management is delegated to the fund manager, which must ensure / deliver all the compliance and governance via a professional management.
How is the ESG approach implemented in practical terms?
ligning eco & wine tourism with the best ESG practices is one of the InVino Fund pillars, and therefore a mandatory criteria when choosing where to invest and how to operate. Sustainability practices are present at each stage of the projects and throughout the operations of the invested businesses. For more information, click here.
What does the InVino Fund's investment thesis in eco & wine tourism mean?

The InVino Fund invests in companies with the concept of transforming working farms and heritage sites (e.g., vineyards, olive groves, cork forest, manor houses) into sustainable resorts, offering a full eco & wine-based experience where guests will enjoy unique F&B hospitality based on a true “bio-farm to table” and perfectly adapted to the post-Covid world. The developments shall be in line with the best sustainable practices and focus on generating impact, creating new jobs, balancing the social and regional asymmetries, preserving nature and local traditions, among others.

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Join us to invest with purpose in the next generation of sustainable businesses in Portugal and around the world.

Contact us for more information about investment opportunities in Portugal.

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