BTG Pactual and IMGA launch Golden Visa corporate credit fund in Portugal
8 SEPT, 2025
By Joanna Piwko from RankiaPro Europe
BTG Pactual Asset Management, one of Latin America’s largest fund managers, has launched the BTG Pactual GV Corporate Bonds 60/40, a structured fund registered and distributed in Portugal.
The fund targets investors seeking diversified exposure to European and Latin American corporate credit, combined with the opportunity to participate in Portugal’s Golden Visa program.
Developed in partnership with IM Gestão de Ativos (IMGA), Portugal’s largest independent fund manager, the fund takes a conservative approach, prioritizing capital preservation, stability, and geographic diversification. The allocation includes 60% Portuguese issuers and up to 40% Latin American issuers, with a predominantly investment grade/high-grade profile.
The BTG Pactual GV Corporate Bonds 60/40 combines our strong Latin American presence with IMGA’s expertise in Portugal, offering investors security, diversification, and Golden Visa benefits.
Rubens Henriques, CEO of BTG Pactual Asset Management.
The fund features low duration, low issuer concentration, and full euro FX hedging to enhance return predictability. Minimum subscriptions are €100,000 for the capitalization category or €150,000 for distribution, with daily contributions, D+6 liquidity, and a 1.40% annual management fee.
Structured and distributed under Portuguese law, the fund requires a minimum five-year investment, aligned with Golden Visa program rules, which allow non-EU investors and their immediate family members to obtain residency, with potential citizenship after five years and free movement within the Schengen Area.
Millenniumbcp serves as the fund’s depositary bank, with distribution managed by IMGA and supported by BTG Pactual platforms.
