RSJ Investments SICAV a.s.

What RSJ Investments SICAV a.s. does

RSJ Investments SICAV a.s. is a privately-held Czech investment group founded in 2010, originally established to deploy surplus capital generated by the algorithmic market-making operations of its sister entity RSJ Securities. The group operates a Friends & Family qualified investor model through two principal SICAV fund vehicles — RSJ Investments SICAV a.s. and RSJ PE SICAV a.s. — alongside RSJ Prop SICAV (algorithmic trading fund managed by RSJ Asset Management). Eight specialized sub-funds cover real estate (RSJ Land, RSJ Industry), venture capital (RSJ Tech, RSJ Insurtech), agriculture (RSJ Agro), and energy (RSJ PE SF Batteries), each managed by a dedicated asset manager.

The group maintains physical asset exposure across at least eight countries including the Czech Republic, Slovakia, Germany, Finland, Lithuania, Latvia, and Japan. Core holdings include 94,000+ m² of retail space at Westfield Černý Most (31.3% joint stake), 4,000+ hectares of agricultural land (including the largest Moravian organic farm at ~1,250 hectares), ~47 MW of battery energy storage capacity operational or under construction, and tenant relationships with multinationals including Mattel, HAVI, HOPI, and Jungheinrich. The venture portfolio has produced two unicorns (ElevenLabs, Pigment) and notable exits including UiPath's 2021 NYSE IPO at $35.8B valuation.

RSJ generates revenue through management fees and carried interest on its SICAV funds, rental and capital appreciation from directly-held real estate, agricultural production income, and trading P&L from RSJ Securities' market-making operations. Strategic co-investment partners include tier-one developers (YIT, JRD, Panattoni) and other PE managers (Genesis Capital, Kofola, Second Foundation Commodities). The group is controlled by nine partners including Managing Partner Libor Winkler, with no external institutional investors and no public listing.

Name

RSJ Investments SICAV a.s.

Legal name

RSJ Investments investiční společnost a.s.

Website

https://rsj.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

251–500 employees

Short description

RSJ Investments SICAV a.s. is a privately-held Czech investment group founded in 2010, managing diversified SICAV funds across real estate, private equity, venture capital, agriculture, and battery energy storage for qualified investors under a Friends & Family model. The group operates eight sub-funds and has produced unicorns including ElevenLabs and Pigment.

Ownership category

akta.pro rank

Product category

Private Equity and Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), Open-End Investment Funds (52591)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Investors, Nec (6799)

akta.pro primary industry

Private Equity Fundraising Placement (FSAEALAB)

akta.pro secondary industries

SDG / Thematic Sustainable Investment Funds (FSANAJAN), Sector & Thematic Mutual Funds (FSAAAEAJ)

Keywords

• Private equity investments
• Real estate investment
• Venture capital funds
• Algorithmic market making
• Agricultural investment

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Fund Management: RSJ Investments manages investment funds including RSJ Investments SICAV a.s. and RSJ PE SICAV a.s. with multiple sub-funds for qualified investors. Revenue generated through management fees and performance-based carried interest from successful investments.
2. Real Estate Development: Co-investment in real estate development projects with developer partners. Revenue generated through property development profits, rental income from commercial properties, and capital appreciation upon exit.
3. Venture Capital: Investments in technology startups through funds such as Credo Ventures, Notion Capital, Moonfire Ventures, Project A, Lunar Ventures, and others. Revenue through fund returns and direct investment exits.
4. Agricultural Operations: Ownership and operation of organic farms including František Král, organic (largest Moravian organic farm with ~1,250 hectares) and Zemědělská společnost Mlázovice. Revenue from agricultural production and land value appreciation.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

RSJ Investments SICAV a.s. manages qualified investor funds with multiple sub-funds covering real estate (residential, commercial, logistics), private equity, venture capital, insurtech, agriculture, and battery energy storage investments. The group also operates algorithmic market-making on global exchanges through subsidiary RSJ Securities, and deploys Friends & Family investment model with minimum subscription thresholds of 1 million CZK.

Product overview

RSJ Investments SICAV a.s. operates as a diversified financial group with multiple integrated business units: RSJ Securities (algorithmic market making on global exchanges), RSJ Investments (real estate and private equity fund management via SICAV structure), RSJ Asset Management (algorithmic trading fund operations via RSJ Prop SICAV), RSJ Custody (fund administration and custody services), and the RSJ Foundation (philanthropy). The company offers investment products including qualified investor funds (SICAV), sub-funds focused on real estate (RSJ Land, RSJ Industry), agriculture (RSJ Agro), technology/venture capital (RSJ Tech, RSJ Insurtech), and energy storage (RSJ PE SF Batteries). The investment approach follows a Friends & Family model offering diversification across property and private equity for qualified investors.

Differentiator

Problem solved

Functional benefit

Brands

• RSJ Land: Real estate investment sub-fund focusing on land and property development
• RSJ Industry
• RSJ Tech
• RSJ Insurtech
• RSJ Agro
• RSJ Spectrum
• RSJ PE SF Batteries
• RSJ Prop SICAV
• RSJ Foundation

Products and services

• RSJ Investments SICAV a.s. The primary qualified-investor fund vehicle managed by RSJ Investments, structured as a SICAV with multiple sub-funds covering real estate (residential, commercial, industrial/logistics), private equity, venture capital, agriculture, and energy infrastructure. Open to qualified investors under the Friends & Family model with minimum investment of 1 million CZK.
• RSJ PE SICAV a.s. Private equity investment fund for qualified investors with sub-funds including RSJ Insurtech, focused on investments in technology startups, insurtech, and innovative growth companies. Transformed into a self-governing fund in 2013.
• RSJ Prop SICAV a.s. / RSJ Prop Podfond Qualified investor fund managed by RSJ Asset Management focused on wealth appreciation through algorithmic trading, where proprietary computer models are used for trading across global markets.
• RSJ PE SF Batteries podfond Battery energy storage system (BESS) investment sub-fund focused on institutional-grade renewable energy storage projects in Czech Republic, Germany, Finland, and Japan. First 10.4 MW facility operational in Germany, 250 MW under construction.
• RSJ Land (subfond) Real estate sub-fund focused on land acquisition and residential development projects, including joint projects with developer partners YIT, JRD, and FINEP across Czech Republic, Slovakia, and the Baltic states.
• RSJ Industry (subfond) Industrial and logistics real estate sub-fund focused on construction and acquisition of logistics and industrial facilities, including Panattoni Business Park Kladno, Panattoni Business Park Most Joseph, and Panattoni Park Chomutov North.
• RSJ Tech (subfond) Venture capital sub-fund for technology investments, including co-investment with VC funds Credo Ventures, Notion Capital, Moonfire Ventures, Project A, Lunar Ventures, Nina Capital, and Blossom Capital. Portfolio includes two unicorns (ElevenLabs, Pigment).
• RSJ Agro (subfond) Agricultural land and bio-farm sub-fund, including the largest Moravian organic farm František Král, organic (~1,250 hectares), and Zemědělská společnost Mlázovice. Part of the agricultural portfolio exceeding 4,000 hectares.
• RSJ Securities (algorithmic market-making) Algorithmic market-making operations on major global exchanges in London, Chicago, New York, Frankfurt, and Tokyo. Generates the surplus capital that funds RSJ Investments' diversified portfolio.
• RSJ Custody (fund administration) Custody and administration services for RSJ funds, acting as fund administrator and custodian within the RSJ group, including an operational office in Plzeň.

Quantifiable outcome

• Two portfolio companies (ElevenLabs, Pigment) reached unicorn status ($1B+ valuation)
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core.

• Second Foundation CommoditiescoreStrategic or Co-development Partner · 2 December 2025Joint venture creating RSJ SF Czech Republic s.r.o. to pool capital for battery energy storage system investments. The new BESS fund RSJ PE SF Batteries launched with approximately €100 million in committed capital contributed equally by both partners. Projects span Czech Republic, Germany, Finland, and Japan.
• YITcoreStrategic or Co-development PartnerLong-term developer partner for residential real estate projects including Toivo Roztyly (Prague), Zwirn (Bratislava), Mlynárka (Bratislava brownfield), Naujasis Skansenas (Vilnius), and Mārpagalmi (Riga). Multiple joint projects across Czech Republic, Slovakia, and Baltic states.
• JRDcoreStrategic or Co-development PartnerDeveloper partner for residential projects including Bella Vista (Prague Troja) and Bohdalecké kvarteto (Prague Michle). Projects emphasize sustainable and healthy living environments.
• PanattonicoreStrategic or Co-development PartnerIndustrial development partner for logistics parks including Panattoni Business Park Kladno (brownfield Poldi), Panattoni Business Park Most Joseph, and Panattoni Park Chomutov North. Projects include manufacturing facilities for Jungheinrich and logistics centers for HOPI and Mattel.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• PPF Group: Czech-headquartered multi-strategy investment group active across financial services, telecom, real estate, and alternative assets. Directly comparable as a domestically rooted, founder-controlled platform spanning capital markets and principal investing, headquartered in the same Prague ecosystem as RSJ.
• KKCG: Czech investment group operating across energy, lottery, financial services, and real estate with international reach. Comparable to RSJ as a CEE multi-strategy platform with a similar founder-led structure, SICAV-style vehicles, and exposure to energy and real estate.
• J&T Group: CEE-focused financial group combining private banking, private equity, and real estate across Czech Republic, Slovakia, and beyond. Closely comparable to RSJ in geographic focus, fund-of-funds approach, and cross-asset investment philosophy.
• Penta Investments: Central European investment group with healthcare, retail, financial services, and real estate holdings. Comparable to RSJ as a privately held multi-strategy CEE platform with operational subsidiaries and active real estate development exposure.

Emerging players

• Genesis Capital: Czech private equity firm focused on local SMEs, with whom RSJ co-invested in Nay-Datart. Relevant as a regional PE peer and joint-investment partner with overlapping Central European deal flow.
• Credo Ventures: Central European early-stage VC fund in which RSJ is a longstanding LP and co-investor. Relevant as an RSJ-adjacent VC vehicle (delivered UiPath NYSE exit) and a partner in the RSJ Tech strategy rather than a competitor.

Broad incumbents

• BlackRock: Largest global asset manager with multi-asset and alternatives capabilities. Comparable only at a strategic level: RSJ allocates to BlackRock funds within its PE portfolio, but BlackRock is a vastly larger incumbent operating across all major asset classes.

Others

• Avast founders / AVAST-related ventures: RSJ co-invested with AVAST founders on the Enterprise office building (30,000+ m², Prague Pankrác) in 2016. Relevant as a high-profile co-investment counterparty rather than a directly comparable fund manager.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rsj-investments

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RSJ Investments SICAV a.s.