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Regulatory & 
Governance

Villanova's funds are structured as Private Equity Funds under Portuguese law, specifically as Fundos de Capital de Risco (FCR), and managed by an independent fund manager.

Villanova’s funds are certified by the Comissão do Mercado de Valores Mobiliários (CMVM) - Portugal's securities market regulator equivalent to the SEC in the United States. This certification ensures full regulatory compliance and transparency for institutional investors. 

The Portuguese regulatory framework mandates that FCR funds be managed by an independent Fund Management Company. This critical function is performed by Lynx Asset Managers, an established entity with over 15 years of proven experience managing more than 100 funds and €4 billion in AUM.

Our partnership with Lynx Asset Managers strengthens our governance structure, providing independent institutional oversight and regulatory expertise that allows Villanova to focus on investment strategy execution and operational excellence.

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Av. da Liberdade 230 Lisboa, Portugal
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© 2025 Villanova. All rights reserved.