RSJ Private Equity, the investment fund owned by Karel Janeček, has invested approximately CZK 1bn over the last two years, mainly on the property market. The CZK 3bn the fund plans to invest into further projects will be partly financed by bank loans. Property will remain its key focus.
“Since the beginning, properties sold by developers, who had problems with financing, were the most attractive for the fund,” the CEO of RSJ Private equity Jan Vyhnálek told ČTK. The fund’s focus is on small and medium-sized projects, selling for CZK 100m. Vyhnálek said the exit strategy is to off-load the projects in five years of completion. RSJ Private Equity has the majority stake in the 17,500 sqm mix-use Centrum Pivovar Děčín, an 87-unit residential project in Brno bought from Sogeprom, as well as a recreational resort project in Zanzibar.
