Its first fund, Pagani Capital Partners Fund, has already been launched and aims to raise 32 million euros: it will be used to invest in an eco-resort in the Algarve and is already in the fundraising phase.

"Our main client is international, looking at Portugal and, in general, the Iberian Peninsula, with great interest. Not only for the investment itself, but also for the programs we have, namely the golden visas," said João Pagani Toscano, quoted by Jornal de Negócios.

According to the publication, the group is adapting to rule changes that mean real estate investors are no longer eligible for golden visas, which has led to increased demand for investment funds. However, to access the Residence Permit for Investment (ARI) scheme, a minimum investment of €500,000 is required, with a maturity of at least five years, in a fund that invests at least 60% in Portugal.

Quoted by the Jornal de Negócios, João Pagani Toscano said that the group does not want to "allocate capital to international markets," nor does it want "the capital to be dispersed." "We want it all invested in a single 'hospitality' project in the Portuguese economy," revealed the CEO regarding the debt fund, which will be open for subscription over the next two years. The objective is to invest in convertible bonds that will finance an MGallery Collection eco-resort, part of the Accor group, in the Algarve.

In March of this year, in an interview with idealista/news, the person in charge lifted the veil a little on this project: “MGallery was the first investment in the Algarve, but with the project in Moura [Casa das Nunes], with Alhambra Village and with Alcázar, we started to focus more on the South. In future projects, we want to position ourselves in the ‘Branded Residences’ segment, always with a ‘hospitality’ brand. We managed, and it took a lot of work, to bring Accor and MGallery on board; the goal is to bring in other brands and sell them to other projects. We strongly believe in the Alentejo region; it has a lot of potential.”