Mercan Private Equity Fund (MPEF I)
MPEF I is a closed-end fund that invests in companies that operate and render services in the hospitality sector in Portugal.
Type: CMVM regulated closed-end fund, registered under nº2001
Scope of investment: Hospitality sector
Status: Active
Fund size target: €140 M
Anchor Investor: Mercan Group
Minimum Participation for Golden Visa Requirements: 500,000€
Fund Partnerships:
Custodian Bank: Bison Bank
Auditors: EY
Evaluators: Rics
Investments
Location: Portimão, Algarve
Economic Sector: Hospitality
Year of investment: 2024 (expected)
Amount: €65M
Partners:
Co-investidor: Mercan Group
Hotel Operation Management: AHM – Ace Hospitality Management
A hotel in tune with the Algarve lifestyle. This beach resort is located on the Algarve coast, just a few meters from Praia do Vau. It has 3 outdoor swimming pools, a spa, gym, kids’ club, a private beach club exclusively for hotel guests, as well as a variety of relaxation and wellness areas.
Its architecture, interior and exterior, has been developed with respect for the surrounding environment, integrating naturally with the landscape. Phase III will see an expansion of 160 rooms to the current 292 rooms and suites. With several restaurants and bars, this resort will offer guests a unique and exclusive experience, with an extensive entertainment program.
Location: Alvor, Algarve
Economic Sector: Hospitality
Year of investment: 2024 (expected)
Amount: €45M
Partners:
Co-investidor: Mercan Group
Hotel Operation Management: AHM – Ace Hospitality Management
The Alvor Beach Hotel is a timeless and elegant solution set in natural scenery and landscapes. This environment offers impressive panoramic views over a 50-meter-long swimming pool, tropical gardens and pine trees, which finally meet the line of the Atlantic Ocean stretching to the horizon.
This 5-star resort will have an expansion of 82 rooms (Phase III) to the existing 281, a regional restaurant, spa, gym, kids’ club, padel court and mini golf, as well as an extraordinary setting with an outdoor terrace to enjoy the perfect golden hour at sunset.
Location: Vila Nova de Gaia
Economic Sector: Hospitality
Year of investment: 2024 (expected)
Amount: €35M
Partners:
Co-investidor: Mercan Group
Hotel Operador Management: AHM– Ace Hospitality Management
Mercan’s new project presents an inspiring hotel located in the heart of Vila Nova de Gaia, overlooking the majestic Douro River.
This 4-star hotel is the embodiment Gaia’s urban life, where guests will be able to embrace the city’s cultural heritage with a contemporary twist. The essence of the project offers a holistic environment that encourages innovation and creativity to create an unforgettable journey along the banks of the Douro River. The hotel asserts itself as a canvas of vintage charm and modern trends, making this project the perfect place where past and present coexist harmoniously.
| ISIN Code | Fund Code |
|---|---|
| Class A1: Series 1 – PTFPPBIM0004 // Series 2 – PTFPPEIM0001 // Series 3 – PTFPPFIM0000 // Series 4 – PTFPPGIM0009 | 2001 |
| Class A2: Series 1 – PTFPPCIM0003 // Series 2 – PTFPPHIM0008 // Series 3 – PTFPPIIM0007 // Series 4 – PTFPPJIM0006 | |
| Class B – PTFPPDIM0002 |
