Portugal Liquid Opportunities
The Portugal Liquid Opportunities fund will be split between an
allocation to Portuguese and international equities
>60% of Fund: Portuguese large and mid
cap equities
Leading national
"champions" including:
edp
Jerónimo
Martins
6
galp
Sonae Millennium
altri
bcp
S Semapa N S
AMORIM
5.7x average EV/EBITDA
17% average EBITDA margin
9% 5-year revenue CAGR
<40% of Fund: Oxy international
equities strategy
Accumulated returns¹
+2.5x
193%
Equivalent to c.
11% annual alpha
since inception,
based on monthly
excess returns vs
MSCI ACWI in euros
76%
OXY CAPITAL
MSCI All Country
World Index
13%
Annualized
return
26%
1 Oxy returns correspond to the aggregate of the vehicles it manages in the public markets (which mainly includes the "Liquid Opportunities" funds since 2023),
measured in time-weighted returns as of August 31, 2023.
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