Optimize, because of its status, takes care of it. I’m not sure how to explain it properly. But Optimize has many funds (I think of them like Fidelity is the US? Different mutual fund options?), one of their funds meets criteria of GV in terms of what it invests in. But, it was not created specifically for GV as mamy of these private equity seem to be. The Optimize fund that qualifies for GV actually had more Portuguese investors. Optimize manages pension funds etc. So, they have the bonus of being a “Bank”.
How it works for IRA. First, you must have Self Directed IRA account, from there you directly invest in Optimize, just like you would invest in a US mutual fund.
So, you save yourself a lot of hassle & expense while still keeping you investment under its IRA tex shelter. Our whole struggle issue with GV was we needed to keep the funds as Retirement sheltered. You can do for private equity too, but lots more steps, moving parts and on-going expenses. Once we looked at Optimize everything quickly fell into place.
We have not yet completed everything, as soon our FBI letters get their apostille we can submit our application.
Sorry, this is long-winded. Anyway, happy to chat more & give you more specifics. We Spoke to lots of folks here in US regarding the retirement funds aspect and how to make that work on the US side. Optimize is a qualifying GV investment on the Portuguese side.