Mercan Private Equity Fund II has launched as the follow-up to the successful Mercan Private Equity Fund I, Portugal’s largest closed-end private equity fund for golden visa purposes. This new fund provides high-net-worth investors a structured option for Portuguese residency while investing in hospitality assets that generate income and support growth.
The fund draws on Mercan’s ties with hotel brands such as IHG, Marriott, and Wyndham. It focuses on projects that combine operating hotels with developments, targeting steady cash flow alongside capital appreciation. At its start, Mercan Private Equity Fund II holds three four-star properties: the operating Hotel Indigo Albufeira by IHG in Portugal, the Quinta da Praia Residence Inn by Marriott under development in the Algarve, and the operating Corfu Acharavi Hotel Collection by Wyndham in Greece.
Managed by Finprop Capital SGOIC, S.A., and registered with Portugal’s securities regulator CMVM, the fund operates as a venture capital vehicle. It meets all requirements of Portugal’s residency-by-investment program, creating a clear path to residency for participants. Subscriptions are now open, with expectations of around 240 investors joining.
Jerry Morgan, CEO of Mercan Group, notes that the fund reinforces the company’s focus on capital protection, sustained value, and high standards in hospitality. Jordi Vilanova, President of Mercan Properties, highlights its contribution to tourism growth in Portugal and Greece. Mercan brings over 35 years of experience across more than 30 countries, currently running 16 branded hotels in those two nations as part of a 34-project portfolio.
We view Mercan Private Equity Fund II as a sign of maturing options in Portugal’s golden visa market, where hospitality investments now pair residency eligibility with diversified returns. Sophisticated investors may find this structure suits portfolios seeking income from established operators alongside development upside. Those exploring residency through investment should review such funds to align with their risk and return goals.
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