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THERON EUROPE PROSPERITY FUND
Golden Legacy Program
A fully regulated investment solution for Portugal's Golden Visa program.
Target IRR 12%
Annual preferred distribution of 3% per annum, with class-based distribution mechanics and a defined 7-year structure.
Our Mission
We are dedicated to achieving a balance between prudent investment and regular income, pursuing attractive returns with capital preservation as our core strategy.
Prudent Positioning
We adhere to a systematic, phased investment strategy, leveraging deep market insight and seasoned execution capability to ensure capital is deployed judiciously at the opportune time. With deep roots in Asia and a strong foothold in Europe, we capture unique investment opportunities, precisely timing our moves to create long-term value while effectively managing macroeconomic and regulatory risks.
Attractive Returns
Our team's outstanding track record across global capital markets, private credit, and cross-border M&A enables us to design investment solutions with superior risk-adjusted returns. Blending the discipline of institutional-grade investment with the agility of an entrepreneurial approach, we excel at identifying high-potential opportunities, particularly in untapped markets such as Portugal, to generate alpha for our investors.
Capital Preservation as the Core
Protecting our investors' capital is our core philosophy. We comprehensively mitigate potential risks through stringent risk management, meticulous due diligence, and conservative use of leverage. Our fund structure, specifically tailored for Golden Visa investors, prioritizes long-term security and capital preservation while ensuring regulatory compliance.
Regular Income
We are committed to providing our investors with a stable, predictable cash flow and distributing income regularly. Whether relying on structured credit instruments or assets with resilient cash flows, our strategy aims to generate consistent returns while retaining the potential for capital appreciation, offering peace of mind to families seeking European residency and financial stability.
Fund Overview
FUND
CMVM
Officially approved, registered, and regulated by the Portuguese Securities Market Commission (CMVM).
| Fund Name | Theron Europe Prosperity Fund |
|---|---|
| Fund Manager | THERON CAPITAL ASSET MANAGEMENT, SCR, SA |
| Fund Investors | Investors may flexibly choose between Class A and Class B Fund Units according to their requirements |
| Target Fund Size | EUR 30 million |
| Minimum Investment | EUR 500,000 |
| Fund Term | 7 years (extendable) |
| Management Fee | 2% per annum |
| Annual Distribution | 3% per annum, subject to the Fund's Management Regulations |
| Fund Auditor | Deloitte |
| Custodian Bank | Bison Bank |
Target Investor Returns
Investors may flexibly choose between Class A and Class B Fund Units
€ 500,000
Minimum Investment Amount
12%
Target Internal Rate of Return (IRR), subject to profit distribution rules
7 Years
Investment Term
Annual Income Generated by the Fund
Income Distribution
A 3% preferred distribution begins from January 1, 2027, with the first payment scheduled for January 2028
After investors receive the 3% hurdle rate, the Fund Manager receives the first 2% per annum of the excess returns.
Excess returns above 5% are distributed as follows:
Class A investors receive 40% of the excess returns
Class B investors receive 80% of the excess returns
*All terms and conditions for income and distribution forecasts are governed by the Fund's Management Regulations.
Our Investment Strategy
Portugal Focus
Allocated to high-quality Portuguese corporate bonds and private equity investments, including premium equity stakes in technology and innovation firms and ETFs.
Global Reach
Globally selected stable financial products, providing fixed-income debt assets and digital assets.
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Prudent and Secure Investment Strategy
Diversification Across Asset Classes and Geographies
Theron Europe Prosperity Fund adopts a diversified investment strategy, selects core Portuguese assets, balances regulatory security with wealth growth, and supports investors in achieving both residency planning and capital appreciation.
Primary capital allocation includes:
The Theron Europe Prosperity Fund aims to achieve stable and attractive risk-adjusted returns through a diversified portfolio of structured credit and opportunistic equity-linked investments, with a primary focus on capital preservation and the realization of sustained income.
Private Credit with Equity-Linked Features
European and Asian mid-sized companies with stable cash flows and significant growth potential
Utilizing senior or mezzanine debt instruments, incorporating equity incentive arrangements, including warrants, profit participation rights, and convertible mechanisms
Securing principal safety through the seniority of the debt while participating in equity upside generated by the company's growth
M&A-Driven Investment Opportunities
Companies in pre-sale or consolidation phases, particularly family-owned businesses in Southern Europe or those facing generational transition
Employing strategic minority equity investment or structured control investment models, with clearly defined M&A expectations and exit timelines
Generating value through M&A arbitrage and industry consolidation trends, while maintaining the ability to influence transaction outcomes
Convertible Bonds
Growth-stage companies with inherent expansion potential
Utilizing public or private convertible bonds, secured by covenants, stipulating regular interest payments, and granting an option to convert to equity under favourable terms
Combining fixed income with equity upside potential, adhering to the principle of capital preservation while capturing appreciation through equity participation
Money Market and Liquidity Instruments
High-quality, short-duration government and corporate bonds for stable cash management
Serving as a liquidity component to regulate the pace of capital deployment, ensure capital stability, and act as a defensive measure during periods of market uncertainty
Achieving stable returns while avoiding drawdown risk and reserving capital for high-conviction opportunities when they arise
Why Choose Portugal
Economic Outlook
According to the IMF's 2024 report, Portugal's GDP per capita is US$28,969, ranking 40th globally, only five places behind Japan and ahead of Greece and Hungary, positioning it as one of the world's developed economies.
Accessible Cost of Living
According to Eurostat data, the price level in Portugal is significantly lower than in most Western European countries. The rise in the Consumer Price Index in 2024 was among the lowest in the EU, with consumer and housing costs being favourable, resulting in a relatively low cost of living.
Premier Tourist Destination
Consistently named "Europe's Leading Tourist Destination" by the World Travel Awards for many years, Portugal boasts abundant tourism resources and a pleasant climate, making it a highly favoured vacation spot for European and American celebrities and high-net-worth individuals.
Comprehensive Free Healthcare
Portugal boasts one of Europe's top-tier universal free healthcare systems and was ranked first in the 2023 Global Retirement Index.
Favourable Tax Environment
There is no global taxation (for those residing less than 183 days per year), no inheritance tax, and no wealth tax, complemented by over 60 Double Taxation Agreements and more than 50 Investment Protection Treaties.
Passport
In the 2025 Henley Passport Index, the Portuguese passport is ranked 5th globally, making it one of the world's most influential passports.
The Portuguese passport grants visa-free or visa-on-arrival access to 190 countries and territories, significantly simplifying the complexity of international travel and offering convenience for both business and leisure.
Safety
In the 2024 Global Peace Index, Portugal is ranked 7th in safety globally, trailing only Switzerland, and leading Spain and Greece by 16 and 33 places, respectively.
Education
The final ranking for the 2024 Global Best Education System, among 201 countries, placed Portugal's education level among the top 20 globally, positioning it in the same tier as countries like the UK, Singapore, and Canada.
Portugal Golden Residence Visa - Application Conditions
Main Applicant
- At least 18 years old.
- Non-EU national.
- Holder of the subscribed fund units (minimum investment amount: €500,000).
- Private health insurance in line with filing-jurisdiction requirements.
- Clean criminal record.
Dependent Applicant
Family Legacy Planning
Three Generations of One Family
The main applicant, spouse, children, and both sets of parents can all be covered within one family application structure.
- Lawful spouse of the main applicant.
- Unmarried children under 18.
- Unmarried children aged 18-25 who are full-time students and financially dependent.
- Parents of the main applicant and/or spouse.
* Dependents may file together with the main applicant or file subsequently after the main applicant's approval, subject to AIMA's latest requirements.
How This Fund Meets the Program Requirements
- The minimum subscription amount is €500,000, aligned with the Golden Residence Visa fund route threshold.
- The fund term is 7 years (extendable), covering the program's investment-duration requirement.
- 60% of the fund allocation is directed to Portugal-related assets, consistent with the local-investment orientation of the visa fund route.
- The fund is initiated and managed by THERON CAPITAL ASSET MANAGEMENT, SCR, SA.
- The fund is registered with and regulated by the Portuguese Securities Market Commission (CMVM), Fund ID: 2309.
- The application journey is structured under AIMA (formerly SEF), including application, pre-approval, biometrics, renewals in Year 2/4, and permanent residency pathway in Year 6.
Fund Structure
Fund Legal Advisor / Fund Custodian Bank / Fund Auditor
Click any institution in the chart to open its official website.
Advantages of the Portugal Golden Residence Visa
Portugal Golden Residence Visa
Subscription Process
Subscription Process
Get In Touch
Your European Wealth Story Commences with a Solid Foundation in Portugal