J&T eyeing CZK 1bn initial close for J&T Investments fund
Czech financial group J&T Finance Group is aiming to raise CZK 1bn (€40m) for its new J&T Investments fund by the end of September, according to investment director Adam Tomis.
This will be an initial closing and the fund has an open structure, enabling investors to subscribe or redeem any time, said Tomis, a member of the new fund's investment board.
J&T Investments is primarily aiming to attract high-net-worth individual investors, he said.
The fund is targeting investments across central and eastern Europe, largely focusing on markets such as the Czech Republic, Slovakia, Croatia and Russia, where J&T is active, Tomis said.
It is aiming to invest in sectors such as energy, commercial real estate, media, travel and leisure, but also new-economy sectors.
In addition to corporate acquisitions and real estate, it is also eyeing venture capital investments, as well as distressed debt investments.
The minimum investment into the fund is €125,000 and the investment horizon is at least five years.
The fund's manager may decide from time to time to close the fund to new investors if there are no sufficient investment opportunities, Tomis said.
The fund's investment board is led by Patrik Tkac, co-founder of J&T.
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