Mercúrio Fund II, FCR is Oxy Capital’s latest private equity vehicle built for investors seeking exposure to Portugal’s real economy through regulated, non-real-estate assets. The fund concentrates on “special situations” within the Portuguese SME and mid-market sector: companies that are established, asset-backed, and profitable but facing succession challenges, restructuring needs, or growth constraints. These businesses form the backbone of Portugal’s industrial and service landscape yet often lack the resources or management capacity to unlock their full potential.
Oxy Capital applies a hands-on investment approach, taking active roles in governance, improving operations, strengthening management teams, and shaping long-term strategy. This model allows the fund to target meaningful value creation rather than speculation, aiming for strong, measurable performance over an 8-year horizon.
Fund Details
| Category | Item | Details |
|---|---|---|
| Investment Terms | Minimum Investment | €100,000 |
| Redemptions | End of Term | |
| Open to U.S. Investors | Yes | |
| Lock-up Period | 96 months | |
| Fund Size | Assets Under Management (AUM) | €32 million |
| Fees | Management Fee | 2% |
| Performance Fee | 20% | |
| Additional Details | NAV Frequency | Quarterly |
| Established | 2025 | |
| CMVM ID | 1851 | |
| Regulated By | CMVM — Comissão do Mercado de Valores Mobiliários | |
| Performance | Annual Returns | 6.35% |
Mercúrio Fund II focuses on investing in profitable companies and is required to mainly invest in businesses based in Portugal, which matches the new Golden Visa rules that started in 2023. The fund boasts a robust compliance profile, institutional-grade governance, EY-audited reporting, and the support of one of Portugal’s largest and most experienced private equity managers.
