Salutem Fund

What Salutem Fund does

Salutem Fund (legal entity SALUTEM FUND SICAV, a.s.) is a Czech Qualified Investor Fund (Fond kvalifikovaných investorů, FKI) listed on the Prague Stock Exchange (ISIN CZ0008045051) since 2021, with headquarters in Karlín, Prague. The fund invests in residential and commercial real estate in Czech regional markets outside Prague — targeting yields of 5-7%+ p.a. versus the ~3% Prague average — through both new acquisitions and distressed-asset revitalization. It serves qualified Czech investors meeting the criteria of §272 of Act 240/2013, offering access via three share classes: PIA/PREI (secured, guaranteed yield up to 6.3% p.a. backed by founders' own capital) and PRIA (growth-oriented, no guarantee, with profit-sharing tiers). Minimum investment is CZK 1M with zero management fees (TER 0%); share classes are denominated in CZK and EUR.

The fund operates through five regional branches staffed by 85+ specialists supported by an in-house macroeconomic analysis team, and uses AI-assisted property evaluation to source deals in secondary markets. Portfolio assets total CZK 930.5M (Q1 2026) with NAV of CZK 805.1M (60.4% YoY growth), spanning 630+ rental apartments in Ústecký kraj and active projects including Ústí Towers (300 units with Growth Finance), Apartmány Star Lipno, Rejhotice Valley, Panorama Lidická, Nový Modrásek, and the Loštice/Prostějov commercial revenue areas. Subsidiary ASPELL a.s. (acquired 2023, >CZK 138M assets) consolidates operating real estate activities; TILLER investiční společnost a.s. serves as fund manager, with ČSOB as depository and AUDIT ONE as auditor.

Revenue mechanics combine recurring rental income, property value appreciation through acquisition-and-renovation, and distress-financing returns, with a 'Klíč za klíč' (Key for Key) exchange service that lets investors swap single Prague properties for diversified regional portfolios managed by the group. Distribution runs through Prague Stock Exchange listing plus direct relationship management (Fundraising Managers Martin Dudjak and Milan Kleban, Relationship Manager Aneta Kubankova), targeting qualified investors via LinkedIn, YouTube, email newsletters, business brunches, and Czech business media.

Name

Salutem Fund

Legal name

SALUTEM FUND SICAV, a.s.

Website

https://salutemfund.cz

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

Salutem Fund is a Czech Qualified Investor Fund listed on the Prague Stock Exchange that invests in regional residential and commercial real estate outside Prague, offering qualified Czech investors guaranteed (PIA, up to 6.3% p.a.) and growth (PRIA) share classes with zero management fees.

Ownership category

akta.pro rank

Product category

Real Estate Investment Fund

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (525910)

SIC

Real Estate Investment Trusts (6798), Investment Advice (6282)

akta.pro primary industry

Target-Risk / Risk-Managed Allocation Funds (FSAAAEAG)

akta.pro secondary industry

Special Situations / Opportunistic Credit Funds (FSANAKAB)

Keywords

• Real estate investment fund
• Qualified investor fund
• Regional property investment
• Rental property fund
• Property asset management

Headquarters

HQ city

Karlin

HQ country

Czechia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Rental Income: Rental income from residential and commercial properties in regional Czech locations. Properties are revitalized and managed to generate stable, long-term rental income.
2. Property Value Appreciation: Capital growth through strategic acquisition, renovation, and optimization of property values in regional markets with higher yield potential than Prague.
3. Distress Financing: Investment in distressed or underperforming properties at favorable prices, with returns generated through revitalization and subsequent leasing or sale.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Salutem Fund is a Qualified Investor Fund (FKI) listed on the Prague Stock Exchange that invests in residential and commercial real estate across regional Czech markets. The fund offers qualified investors access to its portfolio through multiple share classes — secured PIA/PREI classes with a guaranteed yield up to 6.3% p.a. backed by founders' capital, and PRIA growth-oriented classes with full performance exposure. The fund generates returns through rental income, property value appreciation, and distress financing of underperforming regional properties.

Product overview

Salutem Fund is a Qualified Investor Fund (FKI) listed on the Prague Stock Exchange, offering real estate investment through three share class products: PIA/PREI (secured, guaranteed 6.3% yield with profit participation), and PRIA (growth-oriented with no guarantee). The fund's investment portfolio includes residential projects (mountain apartments Rejhotice Valley, urban housing Panorama Lidická, regional rental portfolios), commercial revenue areas (Loštice, Vitareal Prostějov), and development projects (Ústí Towers with 300 units, Apartmány Star Lipno, Nový Modrásek). Supplementary services include the Klíč za klíč property exchange enabling investors to diversify from single Prague properties into multiple regional units with managed yields of 6%+.

Differentiator

Problem solved

Functional benefit

Products and services

• Salutem Fund (FKI) Qualified Investor Fund (Fond kvalifikovaných investorů) listed on Prague Stock Exchange under ISIN CZ0008045051, providing qualified investors access to regional Czech real estate investment with multiple share classes offering guaranteed and growth-oriented return structures. Minimum investment of 1 million CZK.
• PIA / PREI Secured Share Classes Secured share classes (PIA-CZK, PIA-EUR, PREI-CZK) providing a guaranteed annual yield of up to 6.3% protected by founders' capital (VIA shares), with additional profit participation: 100% of fund profits up to 7% p.a., 10% from 7-12% p.a., 5% above 12% p.a.
• PRIA Growth Share Classes Growth-oriented share classes (PRIA-CZK, PRIA-EUR) with no guaranteed return, offering full exposure to fund performance: 100% of profit/loss up to 8% p.a., +60% share of profits between 8-15% p.a., +20% above 15% p.a. Exit fees: 50% up to 36 months, 0% after.
• Klíč za klíč (Key for Key) Property Exchange Property exchange service enabling investors to swap a single Prague or regional property for multiple regional apartments with full management services. Example: a Prague apartment worth 9.5M CZK exchanged for 3 regional units valued at 10.33M CZK with 6.1% yield.

Quantifiable outcome

• 6.3% guaranteed annual yield for PIA investors
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered minor and core.

• Ernst & Young, s.r.o.minorOthers · 1 June 2024Assessed and confirmed the sufficiency of the Fund's capital for the conditional guarantee mechanism. Provided independent opinion on PIA investor protection structure.
• ASPELL a.s.coreOthersFully owned subsidiary of Salutem Fund with total assets exceeding 138 million CZK. Contributed to fund assets by founders as initial investment vehicle.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• AVANT Fund Management: Czech investment company managing qualified investor funds (FKI) under the same Czech regulatory regime as Salutem. Operates multiple property-focused and alternative-asset FKI vehicles for qualified investors, directly competing for the same HNW Czech investor base.
• Jet Investment: Czech investment company focused on real estate and private equity opportunities across Czech Republic and Central Europe. Directly comparable investment strategy around regional Central European assets with similar target investor profile.
• WOOD & Company: Czech-based investment manager with real estate and broader asset management offerings serving CEE clients. Comparable as a Czech-anchored investment platform offering qualified investors exposure to regional assets.
• REICO (ČS nemovitostní fond): Czech Republic's largest open-ended retail real estate fund, managed by REICO under ČS. Directly comparable to Salutem in targeting Czech real estate exposure with multiple share classes, though larger scale and broader (Prague-weighted) geographic focus.
• Conseq Investment Management: Czech asset manager offering pooled real estate and mixed-asset funds to qualified and retail investors. Comparable to Salutem in serving Czech HNW clients with real estate-backed investment products, though broader product range.
• REDSIDE investment management: Czech investment management company managing qualified investor funds focused on real estate and alternative investments. Closely comparable in regulatory structure, investor base, and Czech regional property focus.

Broad incumbents

• Amundi Real Estate: Pan-European real estate investment platform offering open-ended and closed-ended property funds to retail and institutional investors. Comparable investment product structure (European real estate funds with multi-share-class offerings) but at vastly greater scale and geographic breadth.
• CA Immobilien Anlagen: Vienna-listed real estate investment company with significant Central European property portfolio including Czech assets. Larger, publicly-listed incumbent with institutional-quality office focus, but directly comparable as a CEE real estate investment vehicle.
• Deka Immobilien: German real estate fund manager with open-ended real estate funds investing across Europe. Comparable product type (open-ended property funds with multi-share-class offerings) but operating at institutional scale with broader European mandate.
• Erste Asset Management (Real Estate): One of Central Europe's largest asset managers, part of Erste Group, offering real estate funds across CEE including Czech Republic. Broader and larger incumbent operating across multiple asset classes and geographies, but overlapping in Czech real estate fund products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@salutem_group
• LinkedInlinkedin.com/company/salutem-fund
• Xx.com/salutemfund
• Facebookfacebook.com/salutemfund

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Salutem Fund