Co-investment with professional investors
Impunent Capital co-invests in identified transactions with professional investors (investidores profissionais) within the meaning of article 317-B of the Portuguese Securities Code (Código dos Valores Mobiliários). Access to information on specific transactions requires prior qualification and approval.
What this means
Each transaction is structured within a separate company, with its own accounts and its own perimeter of liability. No transaction answers for the obligations of another.
Whoever takes part in a transaction subscribes for capital of that company. The counterparty to the contract is the transaction company. Realchain, S.A. is not the issuer of the subscriptions.
The contracts are contracts for participation in the outcome. The capital invested is exposed to the risk of total loss. There is no promise of repayment of capital and no promise of fixed remuneration, and no outcome is assured.
The verticals
Real estate. Company acquisition and going-concern transfer (trespasse). Minority holdings in companies at an early stage.
Portugal and São Tomé and Príncipe. Active geographies to be confirmed by documentation.
Why qualification exists
Communications relating to specific transactions are addressed solely to professional investors. It is a statutory requirement, and it is the reason why this page contains no figures, no identified transactions and no indication of outcome.
Qualification is not an access formality. It is a verification with legal consequences for the person who requests it, because being treated as a professional investor means giving up specific protections.
Who qualifies
By nature of the entity.
Credit institutions, investment firms, insurance undertakings, collective investment undertakings and their management companies, pension funds, other authorised financial entities, large undertakings above the statutory thresholds, and public entities.
On request.
Any person who meets at least two of the following three requirements:
Frequency of transactions
Having carried out transactions of significant size on the relevant market, at an average frequency of ten transactions per quarter over the previous four quarters.
Portfolio of financial instruments
Holding a portfolio of financial instruments, including cash deposits, of a value exceeding five hundred thousand euros.
Professional experience
Holding, or having held, a position in the financial sector for at least one year, in a role that calls for knowledge of the services or transactions in question.
Two of the three. Each requirement declared calls for written substantiation.
The process
Identification, tax residence and indication of the qualification route.
Declaration and written substantiation of the requirements. The form does not proceed with fewer than two substantiated requirements.
Written presentation of the protections that are lost on being treated as a professional investor. Mandatory screen.
Acknowledgement of the consequences, in a separate document, distinct from any contract.
Each request is reviewed individually by a member of the management body (Direção). There is no automatic approval. Response within five business days.
Where the request is approved, a personal access link is sent. The qualification is valid for twelve months and requires reconfirmation. We may request supporting documentation. We may refuse without stating grounds.
Restrictions
This process is not addressed to persons resident or domiciled in the United States of America, nor to residents of any jurisdiction where the communication or the access is prohibited or subject to registration. Complete list of restricted jurisdictions to be confirmed in a legal opinion.
Tax residence is declared at Step 1 and restricted jurisdictions are excluded automatically.
Four steps. About fifteen minutes. Response within five business days.
This site is informative in nature and sets out the activity of Realchain, S.A.
Nothing set out here constitutes an offer, invitation or solicitation to subscribe for, acquire or dispose of securities or financial instruments, nor a recommendation, investment advice, legal advice or tax advice.
Any communication relating to specific transactions is addressed solely to professional investors (investidores profissionais) within the meaning of article 317-B of the Portuguese Securities Code (Código dos Valores Mobiliários), qualified in advance under the investor categorisation policy, and constitutes a private offer (oferta particular).
Realchain, S.A. is not registered with the Portuguese Securities Market Commission (Comissão do Mercado de Valores Mobiliários), is not a financial intermediary, is not a management company and does not carry on any activity subject to registration or authorisation.
Transactions are carried out through separate companies incorporated for that purpose. Realchain, S.A. is not the issuer of any instruments subscribed for in connection with those transactions.
The capital invested is exposed to the risk of total loss. There is no protection of the capital invested, no promise of fixed remuneration and no assured outcome.
This site is not addressed to persons resident or domiciled in the United States of America, nor to residents of jurisdictions where the communication is prohibited or subject to registration.