MERCAN PRIVATE EQUITY FUND I

LARGEST FUND IN PORTUGAL’S GOLDEN VISA MARKET

In Portugal since 2015, Mercan Group is responsible for the investment and development of 31 projects within the hospitality sector across the country with a portfolio of €1.2 billion value. The investment strategy of MPEF I is focused in the hospitality sector in Portugal. The MPEF I – Eligible for the Portuguese Golden Visa Program – shall invest in companies with a high potential for growth, appreciation on in value and profitability, operating in the hospitality sector, targeting coinvestment opportunities, that promise appreciation in value over time, leveraging the Mercan group’s deep market insight and operational expertise.

OUR ACHIEVEMENTS IN PORTUGAL

1.2

BILLION EUROS TOTAL INVESTMENT

12

OPERATIONAL HOTELS

4000+

TOTAL INVESTORS

19

HOTELS UNDER DEVELOPMENT

Venture Capital Fund

MPEF I is a closed-end fund that invests in companies that operate and render services in thehospitality sector in Portugal.

Type: CMVM regulated closed-end fund, registered under nº2001

Scope of Investment: Hospitality Sector
Status: Active
Available Capital for Subscription: €140 Million
Promoter: Mercan Group
Minimum Subscription for Golden Visa Eligibility: €500,000FUND

Fund Partners

Depositary Bank
Auditors
Evaluators

INVESTMENT BUSINESS STRUCTURE

COMPANY I
Hard Rock Algarve

Location: Portimão, Algarve
Sector: Companies operating in the hospitality sector
Year of investment:
2024 (expected)
Value:€60M
Status:
In Analysis

Partners:
Co-investidor: Mercan Properties
Hotel Operation Management: AHM – Ace Hospitality Management

Hard Rock Algarve

A hotel at the rhythm of the Algarve lifestyle. This beach Resort is located on the seafront just a few meters from Vau Beach. It features 3 outdoor swimming pools, a spa, gym, kids club, an exclusive private beach club close to the hotel, and a variety of relaxation areas.

Its architecture, interior and exterior, has been developed with respect for the surrounding environment, integrating naturally with the landscape.

The 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.

Special Features

452 Rooms & Suite
Outdoor Swimming

Beach Club
SPA

GYM
SPA

THE FIRST HARD ROCK HOTEL IN PORTUGAL

COMPANY II
Alvor Beach Hotel

Location: Alvor, Algarve
Sector: Companies operating in the hospitality sector
Year of investment:
2024 (expected)
Value: €35M
Status:
In Analysis

Partners:
Co-investidor: Mercan Properties
Operator: AHM – Ace Hospitality Management

Alvor Beach Hotel
This hotel offers a timeless and elegant solution, framed with beautiful gardens and natural landscapes. The setting and
ambiance offer a stunning, panoramic view over a 50m-long swimming pool, tropical gardens and pine trees, that finally

meet a thin line of the Atlantic Ocean stretching to the horizon.

The
5-star Hotel will have an expansion of 82 rooms to the existing 281 rooms, a regional restaurant, spa, gym, kids
club,
Padel tennis court, a mini golf course, and an extraordinary rooftop to enjoy the perfect sunny golden hours.

Special Features

463 Rooms & Suites

Restaurant

PADEL & Tenis 
SPA

GYM

Mini Golf

Rooftop
Kids Clubs

A TIMELESS AND ELEGANT 5 STARS RESORT

COMPANY III
Accor Bridgeview Hotel

Location: Vila Nova de Gaia, Porto
Sector: Companies operating in the hospitality sector
Year of investment:
2024 (expected)
Value: €45M
Status:
In Analysis

Partners:
Co-investidor: Mercan Properties
Operator: AHM – Ace Hospitality Management

Accor Bridgeview Hotel
An inspiring hotel located in the heart of Vila Nova de Gaia, with an overlooking view of the majestic Douro River.

This future 4-star hotel is the embodiment of Gaia’s urban life, where guests can embrace the city’s cultural heritagewith a contemporary twist. The very essence of the project offers a holistic environment that encourages innovation andcreativity to create an unforgettable journey along the banks of the Douro River. The hotel affirms itself as a canvas ofvintage charm and modern trends, making this project the perfect place where past and present coexist harmoniously.

Special Features

131 Rooms & Suites

Restaurant

Rooftop

GYM

THE FIRST ACCOR TRIBE HOTEL IN THE IBERIAN PENINSULA

PORTUGAL HAS IT ALL!

Portugal stands as a premier destination for both living and investment, offering a harmonious blend of natural beauty, rich culture, and economic stability. Portugal’s unique combination of favorable climate, safety, modern infrastructure, and high living standards makes it an exceptional choice for individuals seeking a vibrant place to live, retire, or invest.


Portugal has around 2,500 to 3,200 hours of sunshine a year, an average of 4-6 hrs in winter and 10-12 hrs in the summer.
(Min: 8ºC – max: 25-28ºC)

Portugal ranks 12th (2024) in the best public health systems in the world, ahead of high developed countries like the United Kingdom, Germany or Sweden (Canada 30th and USA 37th). Portuguese among the world’s healthiest people.
Rank 5th Globally (2024). Visa free or visa on arrival access to over 160 countries and territories.
Rank #16th Globally. Free studying until 18 years old. Most English fluency compared with France, Italy, Spain.
Porto and Lisbon namely 2 cities among Best Destinations in Europe. Best destination for retirees from the EU to move to live here. Cost of living cheaper than most European countries.

THE BENEFITS OF PORTUGAL GOLDEN VISA

Important Advantages to Investors and their Families

Elegibility for Citizenship

Apply after 5 years as a Legal Resident.

STABLE FUTURE

Global Mobility

Visa-free travel in the Schengen Area

LIVE, WORK AND STUDY IN PORTUGAL

7 Days Stay

Mandatory stay per year in Portugal tocomply with your Golden Visa Investment

FAMILY SECURITY

Testimonials

ISIN CodeFund Code
Class A1:  Series 1 – PTFPPBIM0004 // Series 2 – PTFPPEIM0001 // Series 3 – PTFPPFIM0000 //  Series 4 – PTFPPGIM00092001
Class A2: Series 1 – PTFPPCIM0003 // Series 2 – PTFPPHIM0008 // Series 3 – PTFPPIIM0007 //  Series 4 – PTFPPJIM0006
Class B – PTFPPDIM0002

Complaint Book

Financial Documents

No documents was found
Nuno Godinho
Property Fund Management

Nuno Godinho has a degree in Business Administration and Management, he has a postgraduate degree in Management Control and Business Finance. He worked as a senior auditor in Real Estate and Audit Services at KMPG Portugal.

Ricardo Pereira
Managing Partner

Ricardo Pereira acts as a managing partner, with 20 years of experience in banking and investment management. Additionally, he is also a founding partner of inProp Capital LLP, a regulated investment management company focused on the interrelationship between real estate asset markets and the capital market. Ricardo has had USD 300M worth of assets under management and has a PhD in Real Estate Finance from the University of Cambridge.

Claudio Panunzio
Partner

Claudio Panunzio is the Co-Founder and Managing Partner at Hipoges Iberia. Claudio was one of the founding partners of Hipoges, back in 2008, initially focusing on investment advisory activities. Claudio is currently Managing Partner, responsible for Advisory and RE valuation as well as Compliance, Audit and Business Development Activities. Prior to Hipoges, Claudio worked at Roland Berger Strategy Consultants and more recently at Lehman Brothers in the Structured Finance Division. He has a degree in Mechanical Engineering as well as an MBA from NYY – Stern.

Carina Rocha
Compliance Officer

Carina Rocha has a degree in Law, she carried out monitoring, preparation, evaluation and implementation of the measures and procedures adopted to detect any risk of non-compliance with legal and regulatory obligations, as well as an internal control in matters of prevention of money laundering and financing of the terrorism, centralization of information and respective communication to the competent authorities.

Hugo Velez
Partner

Hugo is the founder partner and General Manager at Hipoges. Hugo has more than 20 years of experience in the Financial Sector and 17 in the Servicing Industry. Hugo has been involved in the establishment of Servicing platforms in different countries, including Spain, Portugal, Brazil and Greece. He has participated in several NPL and REO transactions. Before joining the NPL and Servicing Industry, he worked in the Banking industry, more specifically with securitization transactions. He has a Management Degree from Instituto Superior de Economia e Gestão from Universidade Técnica de Lisboa.