ABOUT

Portugal Special Situations Fund

FORTITUDE CAPITAL SPECIAL SITUATIONS FUND IS A PORTUGAL-FOCUSED SPECIAL SITUATIONS FUND POSITIONED TO TAKE ADVANTAGE OF THE BEST RISK-ADJUSTED OPPORTUNITIES IN THE REGION.

THE FUND AIMS TO BE THE LARGEST PRIVATE SPECIAL SITUATIONS FUND FOCUSED IN THE REGION

VERY EXPERIENCED TEAM LED BY ANTONIO ESTEVES WITH A LONG INVESTMENT EXPERIENCE AND SOLID REPUTATION, GOODWILL AND TRACK RECORD IN THE MARKET.

THE FUND WILL ALSO BE LEVERAGING ON THE EXTENSIVE EXPERIENCE IN THE COUNTRY OF THE ADVISORY BOARD ENABLING IT TO HAVE ACCESS TO SIGNIFICANT RESOURCES, SOURCING AND SUB-SECTOR EXPERTISE

Fund name	Fortitude Portugal Special Situations Fund
Fund Type	Fundo Capital de Risco (FCR) \| Private Equity Fund Regulated by CMVM
Management Equity	Fortitude Capital, Sociedade Capital de Risco
Target Capital	€ 150 million \| € 500 million Hard Cap
Investment Period	Period Between First Closing & 31/12/2025
First Closing	25/02/2023 \| Target
Term	8 years From First Closing
Management Entity's Fee	1.5% p.a.
Hurdle Rate	8% IRR (€)
Target Return	20% IRR (€)
Performance Fee	20% \| Full Catch-up
Auditor	Deloitte & Associados, SROC, S.A.
Legal Adviser	Vieira de Almeida & Associados - Sociedade de Advogados, SP, RL
Tax Treatment	0% Tax for Non-Residents 10% Withholding Tax for Residents