Our Funds:
FINPROP is an alternative fund manager that focus on the development and raising of innovative investment strategies in the crossover between the private equity, debt and real estate markets. The management team has extensive experience and expertise in these markets and uses a thorough sourcing process in order to select the best risk-adjusted investment opportunities.
Funds
MERCAN PRIVATE EQUITY FUND I – Fundo Fechado de Capital de Risco
MPEF I invests in companies that operate and render services in the hospitality sector in Portugal.
Status: Active
Capital for subscription: €140 M
Investments
Clicking on the picture will display information about each hotel.



Location:
Vila Nova de Gaia
Sector:
Companies that operate in the hospitality sector
Year of investment:
2024 (expected)
Amount:
€45M
Condition:
Under review

Mercan’s new project presents an inspiring hotel located in the heart of Vila Nova de Gaia, overlooking the majestic Douro River. This future 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. 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. of the River Douro. 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.
Partners:
Co-investidor: Mercan Properties
Operador: ahm – Ace Hospitality Management
Location:
Alvor, Algarve
Sector:
Companies that operate in the hospitality sector
Year of investment:
2024 (expected)
Amount:
€35M
Condition:
Under review

The Alvor Beach Resort 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 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.
Partners:
Co-investidor: Mercan Properties
Operador: ahm – Ace Hospitality Management
Location:
Portimão, Algarve
Sector:
Companies that operate in the hospitality sector
Year of investment:
2024 (expected)
Amount:
€60M
Condition:
Under review

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.
Partners:
Co-investidor: Mercan Properties
Operador: ahm – Ace Hospitality Management
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 |
IMOFIRST – Fundo de Investimento Imobiliário Fechado
Imofirst invests in property development projects that focus either in the build to sell residential or build to rend segments, in Portugal.
ISIN Code | Fund Code | Status |
---|---|---|
PTFPPAIM0005 | 1963 | In activity |