
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.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater