Disclosure. This page is for verified accredited investors (Reg D 506(c)) and/or Qualified Institutional Buyers (QIBs) (Rule 144A) in the United States. Informational only; not an offer. Any sale will be made solely to eligible investors through definitive documents after KYC/AML. Targets are estimates. Capital at risk.
Investor Access — Reg D 506(c) & Rule 144A (QIBs) — Lisbon CRE Fund
This is the transactional hub. If you’re allocating now, here’s how to request an allocation, what we need from you, and what you’ll receive. We run two tracks: a 506(c) feeder for accredited US investors and a 144A note option for QIBs. Same Lisbon CRE strategy, different wrappers.
Structure: US LP feeder (506(c)) • Optional 144A note for QIBs
Focus: Lisbon commercial real estate via PT SPVs
Share classes: USD-hedged & unhedged
1) Who Can Transact
- 506(c) track (US): Individuals, family offices, trusts, entities — if accredited and verified.
- 144A track (US): QIBs only (e.g., registered funds, insurers, pensions, certain banks and advisers meeting the QIB test).
2) Allocation Steps
| Step | What you do | What you get |
|---|---|---|
| 1. Indicate amount & track | Tell us your target ticket and whether you’re 506(c) or 144A. | Soft-circled allocation and timing window. |
| 2. Eligibility check | 506(c): provide accreditation verification. 144A: confirm QIB status. | Secure link to the data room. |
| 3. Documentation | Sign subscription docs (506(c)) or purchase docs/offering materials (144A). | Executed copies; wiring instructions; closing timetable. |
| 4. Funding & close | Fund by call date. | Confirmation, initial reporting cadence, and contact for ops. |
3) What’s in the Data Room
- PPM/Offering materials, structure chart, and legal opinions (as applicable).
- Model pack: underwriting template, FX policy (hedged/unhedged classes), fees and reserves.
- Pipeline: live assets with basis, capex, lease comps, and exit assumptions.
- Ops: admin, audit, reporting samples; governance calendar.
- Tax pack: US feeder reporting outline; Portuguese IMT/IMI overview; blocker note for tax-exempts.
4) Terms Snapshot (Headlines)
| Item | 506(c) Feeder (US LP) | 144A (QIBs) |
|---|---|---|
| Eligibility | Verified accredited investors | QIBs only |
| Currency | USD (hedged & unhedged share classes) | USD notes; FX handled at asset level |
| Use of proceeds | Lisbon CRE acquisitions, capex, fees, reserves | Same underlying strategy via note proceeds |
| Liquidity | Periodic windows with notice; gates possible | As specified in note terms |
| Reporting | Monthly dashboards; quarterly financials; annual audit | Institutional reporting per indenture/offering |
5) What We Need from You
- Entity details, signatories, and KYC/AML package.
- Accreditation verification (506(c)) or QIB certification (144A).
- Wire instructions and compliance contacts for ops.
6) Straight Answers on Risk
- Permits and capex can slip — we price contingency and report monthly.
- FX can bite — hedged class exists for a reason; unhedged rides EUR.
- Liquidity is periodic — no fire sales to meet redemptions.
Ready to transact? Choose your track below and request the data room + allocation.
Request Allocation — Reg D 506(c) Request 144A Materials — QIBsDisclaimers
- Not an offer or solicitation. Any offer is made only through definitive documents to eligible investors.
- Targets are estimates, not promises. You can lose capital.
- Eligibility is required before any materials are shared.
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