The founders of the International Sharing Schools, the Ladeira Santos family, launched the Investment Fund SHARING Education I in 2021, to invest in international education and support the expansion its schools and campuses in Portugal.
In 2023, following the great success of SHARING Education I, Sharing Education II was launched with the intention of scaling and increasing the number of schools and campuses by investment in high-income areas.
| Item | Details |
|---|---|
| Fund | SHARING Education II – Fundo de Capital de Risco Fechado |
| Form | Private Equity Closed-End Fund, incorporated under Portuguese law and registered with the Portuguese Securities Market Commission (CMVM) under number 1795, approved in December 2023. |
| Management | Managed by Magnify Afterburner, SCR S.A., registered with CMVM under commercial registry number 515510190. |
| Term | 12 years. The Assembly of Limited Partners may decide a one-year extension. |
| Fund Size | Target size of €30 million, with initial closing above €1 million and final closing at €20 million. |
| Investment Period | Earlier of 6 years or once 80% of capital commitments are invested, committed, or reserved. |
| Exit Strategy | Founder repurchase as the primary exit option; alternative exits include Trade Sale, Secondary Sale, and IPO. |
| Target Returns | Annualized IRR, net of all fees and expenses, in excess of 7%. |
| Subscription Period | March 2024 – March 2027 |
| Debt | Fund may borrow up to 15% of total fund capital. |
| Subscription Fee | 0% |
| US FATCA Compliance | Yes (PFIC ready) |
| Buy-back Put Option (Golden Visa Investors) | Put option exercisable after year 6 with annual gross income up to 4%, or at year 12 with annual gross income up to 6% between years 6 and 12. Golden Visa investors may sell participation units to third parties at any time. |
The investment in the SHARING Education Group funds is also eligible for the GOLDEN VISA PORTUGAL Program, a family extended programme for non-EU/EEA/Swiss citizens for obtaining EU residency and/or citizenship.
