Greytech III Fund
Greytech III Fund
An Iberis Capital fund focused on growth and buyout opportunities, specifically acquisitions of established, mid-market Portuguese companies.
An Iberis Capital fund focused on growth and buyout opportunities, specifically acquisitions of established, mid-market Portuguese companies.
Fund Snapshot
Fund Snapshot
Moderate
Moderate
Investment Sector
Investment Sector
Growth Business
Investment Profile
Investment Profile
Established mid-market companies
Open to US Citizens
Yes
Minimum Investment
€100,000 (min €250,000 with Iberis)
Subscription Deadline
January 2028
Fund Lifetime
8 Years
Fund Manager
Iberis Capital
CMVM License Number
2267
Background and Management Team
Background and Management Team
Background and Management Team
Each fund manager or fund advisor has been invited to answer a series of questions about their own funds as well as the market in general.
Each fund manager or fund advisor has been invited to answer a series of questions about their own funds as well as the market in general.
Could you please start by giving us some background about yourself and the team working on the Greytech III Fund?
Could you please start by giving us some background about yourself and the team working on the Greytech III Fund?
Iberis is a private equity manager founded in 2017 in Lisbon. We currently have a team of 29 (including 4 partners) dedicated to managing funds across three main investment verticals: Mid-Market Private Equity, Venture Capital and Yielding Real Estate. A key feature of Iberis is that all we do is manage Funds. We are not affiliated with real estate brokers, law firms, corporates or any other entities and have no third parties involved in our investment management decisions.
Iberis is a private equity manager founded in 2017 in Lisbon. We currently have a team of 29 (including 4 partners) dedicated to managing funds across three main investment verticals: Mid-Market Private Equity, Venture Capital and Yielding Real Estate. A key feature of Iberis is that all we do is manage Funds. We are not affiliated with real estate brokers, law firms, corporates or any other entities and have no third parties involved in our investment management decisions.
Iberis is a private equity manager founded in 2017 in Lisbon. We currently have a team of 29 (including 4 partners) dedicated to managing funds across three main investment verticals: Mid-Market Private Equity, Venture Capital and Yielding Real Estate. A key feature of Iberis is that all we do is manage Funds. We are not affiliated with real estate brokers, law firms, corporates or any other entities and have no third parties involved in our investment management decisions.
Why did you decide to create the Greytech III Fund for the Golden Visa market?
Why did you decide to create the Greytech III Fund for the Golden Visa market?
Our funds have a blend of Golden Visa and non-Golden Visa investors. Our Growth and buyout strategy, is a core strategy for Iberis.
Our previous fund, Greytech II was fully invested in December 2025, so this was the right timing to raise our 3rd Buyout Fund.
Our funds have a blend of Golden Visa and non-Golden Visa investors. Our Growth and buyout strategy, is a core strategy for Iberis.
Our previous fund, Greytech II was fully invested in December 2025, so this was the right timing to raise our 3rd Buyout Fund.
Our funds have a blend of Golden Visa and non-Golden Visa investors. Our Growth and buyout strategy, is a core strategy for Iberis.
Our previous fund, Greytech II was fully invested in December 2025, so this was the right timing to raise our 3rd Buyout Fund.
Has the management/advisory team invested in the Greytech III Fund? Please explain that decision.
Has the management/advisory team invested in the Greytech III Fund? Please explain that decision.
Partners are exclusively dedicated to Iberis and have most of their net worth invested into Iberis Capital funds, guaranteeing complete alignment of incentives, and Greytech III Fund is no different. Iberis partners have all invested in the Fund.
Partners are exclusively dedicated to Iberis and have most of their net worth invested into Iberis Capital funds, guaranteeing complete alignment of incentives, and Greytech III Fund is no different. Iberis partners have all invested in the Fund.
Partners are exclusively dedicated to Iberis and have most of their net worth invested into Iberis Capital funds, guaranteeing complete alignment of incentives, and Greytech III Fund is no different. Iberis partners have all invested in the Fund.
Open to US Citizens
Yes
Minimum Investment
€100,000 (min €250,000 with Iberis)
Subscription Deadline
January 2028
Fund Lifetime
8 Years
Open to US Citizens
Yes
Minimum Investment
€100,000 (min €250,000 with Iberis)
Subscription Deadline
January 2028
Fund Lifetime
8 Years
Request a detailed presentation about the fund
Request a detailed presentation about the fund
Investment Strategy & Goals
Investment Strategy & Goals
Investment Strategy & Goals
Each fund manager or fund advisor has been invited to answer a series of questions about their own funds as well as the market in general.
The Greytech III Fund focuses on investing in growth and buyout opportunities of established, mid-market Portuguese companies. Could you please explain why you see this particular sector as a good investment target and give some examples of recent acquisitions?
The Greytech III Fund focuses on investing in growth and buyout opportunities of established, mid-market Portuguese companies. Could you please explain why you see this particular sector as a good investment target and give some examples of recent acquisitions?
We consider that investing in the mid-market in Portugal offers is a great opportunity, providing a balanced blend of growth potential, relative stability, and a diverse range of businesses, making it an attractive opportunity for investors seeking a resilient and dynamic investment environment. Some examples of investments are a Textile Manufacturer, an Engineering & Energy networks company and a Pressure-treated wood company.
We consider that investing in the mid-market in Portugal offers is a great opportunity, providing a balanced blend of growth potential, relative stability, and a diverse range of businesses, making it an attractive opportunity for investors seeking a resilient and dynamic investment environment. Some examples of investments are a Textile Manufacturer, an Engineering & Energy networks company and a Pressure-treated wood company.
How would you describe the Greytech Co-Investment Fund I’s risk profile; Conservative, Moderate, or Ambitious?
How would you describe the Greytech Co-Investment Fund I’s risk profile; Conservative, Moderate, or Ambitious?
Greytech III is classified as having a Moderate risk profile. The fund's mid-market SME buyout strategy targets companies with established business models, consistent cash flow generation, and value creation potential through operational and governance improvements - in contrast to higher-risk strategies such as early-stage venture capital or growth equity. Leverage is applied prudently, and portfolio construction aims for sectoral diversification, mitigating concentration risk
Greytech III is classified as having a Moderate risk profile. The fund's mid-market SME buyout strategy targets companies with established business models, consistent cash flow generation, and value creation potential through operational and governance improvements - in contrast to higher-risk strategies such as early-stage venture capital or growth equity. Leverage is applied prudently, and portfolio construction aims for sectoral diversification, mitigating concentration risk
The Golden Visa rules state that a qualifying investment must be held for just five years but the Greytech Co-Investment Fund’s lifetime runs for longer. Could you please explain your fund lifetime including the launch date and subscription period?
The Golden Visa rules state that a qualifying investment must be held for just five years but the Greytech Co-Investment Fund’s lifetime runs for longer. Could you please explain your fund lifetime including the launch date and subscription period?
Greytech III launched in September 2025, with a subscription period running through January 2028, allowing investors to commit to the fund during its initial deployment phase. The fund's term runs until July 2035, giving a total lifetime of approximately 10 years from launch.
This term is structured to accommodate the full private equity investment cycle - acquisition, active value creation through operational improvements, and an orderly exit process - which is standard practice for mid-market buyout strategies and typically requires a longer horizon than the minimum holding period required for Golden Visa eligibility.
It's important to note that the Golden Visa's 5-year minimum holding requirement is a regulatory floor, not a cap: investors are not required to exit at the 5-year mark and may remain invested for the full fund term to benefit from the complete value creation and exit cycle.
Greytech III launched in September 2025, with a subscription period running through January 2028, allowing investors to commit to the fund during its initial deployment phase. The fund's term runs until July 2035, giving a total lifetime of approximately 10 years from launch.
This term is structured to accommodate the full private equity investment cycle - acquisition, active value creation through operational improvements, and an orderly exit process - which is standard practice for mid-market buyout strategies and typically requires a longer horizon than the minimum holding period required for Golden Visa eligibility.
It's important to note that the Golden Visa's 5-year minimum holding requirement is a regulatory floor, not a cap: investors are not required to exit at the 5-year mark and may remain invested for the full fund term to benefit from the complete value creation and exit cycle.
On average, how long does it take to onboard a Golden Visa investor into the Greytech III Fund and what are the main obstacles in the onboarding process?
On average, how long does it take to onboard a Golden Visa investor into the Greytech III Fund and what are the main obstacles in the onboarding process?
Our onboarding process is a streamlined and seamless experience for the investor, accounting for each investor’s individual needs. We aim to minimize document complexity by recurring to digital tools that create accessibility and flexibility for our investors.
Investors can go through the entire process with Iberis remotely, and it can take up to 1 week with the support and guidance of our onboarding team throughout the process.
Our onboarding process is a streamlined and seamless experience for the investor, accounting for each investor’s individual needs. We aim to minimize document complexity by recurring to digital tools that create accessibility and flexibility for our investors.
Investors can go through the entire process with Iberis remotely, and it can take up to 1 week with the support and guidance of our onboarding team throughout the process.
What distinguishes the Greytech III Fund from other Golden Visa-eligible funds operating in the market?
What distinguishes the Greytech III Fund from other Golden Visa-eligible funds operating in the market?
Our long-standing track record in the private equity space and the expertise of our team is an advantage for our investors. We do not limit our funds to comply with the Golden Visa requirements but also generate a return for all our investors.
Our long-standing track record in the private equity space and the expertise of our team is an advantage for our investors. We do not limit our funds to comply with the Golden Visa requirements but also generate a return for all our investors.
The Greytech III Fund has a minimum investment threshold of €100,000 but with the condition that the investor must invest a total of €250,000 with Iberis Capital. Can you please elaborate on other Golden Visa-eligible funds you currently operate and explain why these may be interesting for investors?
The Greytech III Fund has a minimum investment threshold of €100,000 but with the condition that the investor must invest a total of €250,000 with Iberis Capital. Can you please elaborate on other Golden Visa-eligible funds you currently operate and explain why these may be interesting for investors?
We currently have two funds eligible for the Golden Visa program open for subscription:
Greentech II (Open-ended with fixed term) is an Article 9 ESG fund that invests in innovative companies developing sustainable forestry projects, primarily focusing on Portugal's cork oak forests. By capitalizing on the strong returns (target IRR plus 10%) from these forestry operations and the additional revenue streams from carbon credits, the fund delivers excellent investment performance while driving positive environmental impact.
Greytech III: focused on growth and buyout opportunities in established Portuguese mid-market companies, with solid track record of cash flow generation and EBITDAs between €2M and €10M. The Fund invests in the Portuguese economy with a solid balance of Growth potential and downside protection (target IRR plus 15%, in line with the track record)
We currently have two funds eligible for the Golden Visa program open for subscription:
Greentech II (Open-ended with fixed term) is an Article 9 ESG fund that invests in innovative companies developing sustainable forestry projects, primarily focusing on Portugal's cork oak forests. By capitalizing on the strong returns (target IRR plus 10%) from these forestry operations and the additional revenue streams from carbon credits, the fund delivers excellent investment performance while driving positive environmental impact.
Greytech III: focused on growth and buyout opportunities in established Portuguese mid-market companies, with solid track record of cash flow generation and EBITDAs between €2M and €10M. The Fund invests in the Portuguese economy with a solid balance of Growth potential and downside protection (target IRR plus 15%, in line with the track record)
Is there anything else you would like to share with potential investors?
Is there anything else you would like to share with potential investors?
We are available to share with potential investors all the required details for an informed investment decision. We do provide access to our Virtual Data Room after an introductory call and we are fully available to guide the investor along the entire process, not only during the investment decision but also while being an investor with Iberis, with active flow of information shared through the Investor Portal and through direct contact with the team members.
We are available to share with potential investors all the required details for an informed investment decision. We do provide access to our Virtual Data Room after an introductory call and we are fully available to guide the investor along the entire process, not only during the investment decision but also while being an investor with Iberis, with active flow of information shared through the Investor Portal and through direct contact with the team members.
Get in Touch
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