Pela Terra II: Regenerate is the largest low-risk agricultural fund to date, targeting a fund raise of €100m eligible for Portuguese golden visa Program

Golden Visas are perfect for investors seeking a second passport or EU citizenship, without relocating. The Portugal Golden Visa investment fund is an excellent option, offering a streamlined process for securing residency and eventual citizenship through strategic investments.

Agriculture Fund

Agriculture is a safe-haven asset class renowned for protecting investors against inflation and economic recession. The Portugal Golden Visa investment fund targets agricultural assets that generate predictable annual income but also appreciate consistently over time. 100% of capital invested in rural, under-developed regions of Portugal

Summary

  • €40M Assets under management
  • 600K Trees planted last year
  • 1000+ Hectares in the fund
  • 250+ People assisted through Golden Visa process
  • 100% of capital invested in rural, under-developed regions of Portugal
  • For a fund seeking low-risk investments, the strategy enables robust financial returns* with exceptionally low volatility, while contributing to a more sustainable future

Pela Terra Farmland II is fully managed by STAG Management SCR SA. The fund is fully regulated by the Portuguese Securities Market Authority (CMVM).

Pela Terra II Regenerate is a Venture Capital Fund. It is not guaranteed that capital invested will be reimbursed, or that the Fund will distribute returns. All amounts indicated as returns, are potential returns that may or may not be distributed and may vary in accordance with the Fund’s performance.

uses long term contracts to lock in a fixed rate of rental income from large scale farm operators, while also capitalizing on appreciation in land value over the life span of the fund.

PTII Fund Factsheet

  • Fund Term – 8-year closed-end fund (CMVM approved).
  • Fund Size – €100 Million.
  • Income – Annual crop yields + Developing agricultural assets for appreciation.
  • Scope – Crop-yielding assets with water rights in Portugal and the Iberian Peninsula
  • Leverage/Debts – The Fund will not borrow any amounts
  • 0% Tax on Profits – Pela Terra II is fully exempt from Corporate Income Tax (CIT). Non-resident. investors who are not residents of a tax haven jurisdiction are exempt from Withholding Tax.
  • Golden Visa Subscription – €500,000
  • Fund Manager – STAG Fund Management, SCR, S.A.
  • Advisory – Nathan Hadlock, Alex Lawry-White.
  • Auditor – Deloitte.
  • Investment Bank – Banco Comercial Português S.A.
  • Exit – Assets sales foreseen and protected by right of first refusal to tenants and operational partners.

Fees:
Management Fee – 1.5% annual – calculated against initial investment.
Setup Fee – 1% initial setup fee.

  • Target Returns:
  • Class A: Ordinary – Internal
  • Class B: Yield Plus: GV Class (min. €350k); Annual: 5% (+ 20% above hurdle); Liquidation: 15% (+ 20% share above hurdle)
  • Class C: Yield Class (€200k – €350k); Annual: 5%; Liquidation: 15%

*disclaimer: kindly note that neither capital invested neither potential returns are guaranteed

Investment Strategy

The investment strategy is based on regenerative agriculture. The fund targets undervalued or underoptimized agricultural land in low-density regions, such as Alentejo and Beira, where fragmented ownership, soil degradation, and underinvestment have historically limited productivity. Through capital aggregation, modern irrigation infrastructure, and regenerative farming practices, these assets are transformed into higher-yield, organic, and biodiversity-focused agricultural operations.

The fund has an 8-year term, intentionally aligned with the typical Golden Visa residency and citizenship timeline, reducing the risk of premature liquidation before immigration objectives are met. Liquidity during the fund’s life is limited, reflecting the illiquid nature of agricultural assets.

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Pella Terra II Regenerate – Presentation and Strategy

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