Benfica Stars Fund was a football investment fund belonging to Portuguese club Benfica's SAD, a public limited sports company responsible for the financial management of the club's professional football team.
The fund was set up by ESAF – Espírito Santo Fundos de Investimento Mobiliário SA on 30 September 2009.
[1] The club then sold more players to the fund, made the subscription, in turn became an injection of asset instead of cash.
After the sale of David Luiz in January and Fábio Coentrão in summer 2011, the fund acquired five players from Benfica instead of keeping cash for €6.135 million.
[2] On 31 July 2014, Benfica SAD (which owned 15%) completed the acquisition of Benfica Stars Fund by spending around €28.9 million for 85% (decreased from €34 million in 2009), purchasing the remaining economic rights of nine players (with a valuation of €5,079,437), as well as €21,704,300 deposits and future receivable from bonus clauses.