CCFS

What CCFS does

CCFS (legal name Czech Capital Fund SICAV, a.s.) is a Prague-based qualified investor fund (fond kvalifikovaných investorů) established in 2016 under the regulatory framework of Act No. 240/2013 Coll. The fund operates a three-subfund structure: the Czech Capital RE Subfund for real estate development in Prague and surrounding regions, the Czech Capital PE Mezanin Subfund acting as an internal cash pool that provides mezzanine liquidity to the other subfunds, and the Czech Capital Restart Subfund focused on acquiring and restructuring distressed or succession-bound companies. Projects are sourced exclusively through the KHYPO investment group, which operates as a business incubator and feeds vetted opportunities — including Rojek (woodworking machinery), Sumtex Europe (textiles), Bio Vavřinec (organic dairy), Velos (metalworking), Levit (e-bikes), and Joxty (food) — into the fund. The structure is described by the company as "European-unique."

CCFS generates revenue through management fees structured by subfund (0.5% for RE, up to 1.3% for Mezanin, 2.3% for Restart), entry fees up to 3%, performance fees on VIP share classes (5% profit share), and tiered exit fees that decline to zero after defined holding periods. The fund targets qualified investors as defined under Czech law Section 272 of Act No. 240/2013 Coll., with a minimum commitment of CZK 100,000 per subscription and a cumulative CZK 1 million floor across all Proton IS-managed funds. Distribution is exclusively direct sales via relationship management, supplemented by branded events including the CCFS Golf Cup; no digital self-serve channel exists. NAV is priced monthly.

The fund is managed by Proton investiční společnost, a.s. (a CNB-licensed non-bank investment company), administered by AVANT investiční společnost, a.s. (which administers over 100 qualified investor funds), with CYRRUS, a.s. as depositary and AUDIT ONE s.r.o. as auditor. Founder and CEO Miloš Vančura has 15+ years in the financial and investment landscape. In 2024, CCFS expanded by co-founding three sector-specific SICAVs (CCM Development, CCD Food, CCS Industry) alongside industry-majority partners, marking a shift from the original three-subfund model to a broader sector-fund platform. Assets under management at the fund's 7-year mark were CZK 1 billion.

Name

CCFS

Legal name

Czech Capital Fund SICAV, a.s.

Website

https://ccfs.cz

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

CCFS (Czech Capital Fund SICAV) is a Prague-based qualified investor fund operating three integrated subfunds — real estate, mezzanine cash pool, and distressed-company turnaround — that accepts CZK 1 million-minimum subscriptions from Czech qualified investors and manages assets approaching CZK 1 billion.

Ownership category

akta.pro rank

Product category

Private Equity and Asset Management

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Independent Venture Debt Funds / Platforms (FSANAIAB)

akta.pro secondary industries

Large-Cap / Sponsor Finance Direct Lending (FSANADAJ), Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

Keywords

• Qualified investor fund
• Real estate investment fund
• Private equity turnaround
• Mezzanine financing fund
• Distressed asset restructuring

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Asset management fees (RE Subfund): The Czech Capital RE Subfund charges an annual management fee of 0.5% of assets under management and a total cost ratio of 1.38% for 2022. Exit fee of 6% applies if exited within 3 years, 0% after 3 years.
2. Asset management fees (Mezanin Subfund): The Czech Capital PE Mezanin Subfund charges up to 1.3% management fee and a total cost ratio of 4.19% for 2022. VIP share classes receive 5% profit share on top of base returns. Exit fee of 20% if redeemed within 3 years, 0% after.
3. Asset management and performance fees (Restart Subfund): The Czech Capital Restart Subfund charges a 2.3% management fee and a total cost ratio of 2.25% for 2022. Shares are structured per project; investors participate in company turnaround profits. Exit fee of 50% if redeemed within 5 years, 0% after 5 years.
4. Entry/subscription fees: Entry fees of up to 3% are charged on subscriptions to the Restart Subfund. The RE Subfund charges exit fees of 6% within 3 years. The Mezanin Subfund charges 20% exit fee within 3 years.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

CCFS (Czech Capital Fund SICAV, a.s.) is a qualified investor fund operating three integrated sub-funds: Czech Capital RE Subfund (real estate development), Czech Capital PE Mezanin Subfund (cash pool/mezzanine financing), and Czech Capital Restart Subfund (private equity for distressed company turnaround). Projects are sourced from the KHYPO investment group business incubator and transferred into the fund structure, with the Mezanin sub-fund providing liquidity to the RE and Restart sub-funds. The fund manages assets approaching CZK 2 billion across 18 established projects including real estate holdings and portfolio companies such as Rojek, Sumtex Europe, Bio Vavřinec, Levit, and Velos.

Product overview

CCFS operates as a unified fund platform (Czech Capital Fund SICAV) with three integrated subfunds: Czech Capital RE Subfund (real estate development), Czech Capital PE Mezanin Subfund (cash pool/mezzanine financing), and Czech Capital Restart Subfund (company turnaround/restructuring). Projects transfer from the KHYPO investment group business incubator into the fund structure, with Mezanin providing liquidity support to RE and Restart projects. The fund manages assets approaching two billion Czech crowns across 18 established projects including real estate holdings (Heřmanova, Branická 146, production areas) and private equity portfolio companies (Rojek, Sumtex Europe, Čerstvě nadojeno/Bio Vavřinec, Joxty, Velos, Levit, Farma Volavec).

Differentiator

Problem solved

Functional benefit

Brands

• Czech Capital RE Subfund: Real estate investment subfund focused on long-term commitments in residential, commercial, and industrial real estate development, primarily in Prague.
• Czech Capital PE Mezanin Subfund
• Czech Capital Restart Subfund

Products and services

• Czech Capital Fund SICAV The main fund vehicle — a qualified investor fund (SICAV) with a European-unique structure operating three sub-funds for real estate, mezzanine financing, and company turnaround investments. Targeted at qualified investors under Czech Act No. 240/2013 Coll.
• Czech Capital RE Subfund Real estate sub-fund focused on long-term commitments within residential, commercial, and industrial real estate development, primarily in Prague. Features PRIA (premium investment shares), PIA CZK, and PIA EUR share classes. Management fee 0.5%; total cost ratio 2022: 1.38%; 9.9% average annual return (ranked 3rd in Czech Republic).
• Czech Capital PE Mezanin Subfund Cash pool sub-fund that provides liquidity to private equity projects during critical growth phases, lending to subsidiaries in the RE and Restart sub-funds. Features PE MEZANIN CZK and EUR share classes plus VIP shares (5% profit share, 30% VIP allocation up to first CZK 100 million subscribed). Management fee up to 1.3%; total cost ratio 2022: 4.19%.
• Czech Capital Restart Subfund Private equity sub-fund dedicated to safeguarding companies with significant economic potential and unique know-how from bankruptcy through restructuring and turnaround management. Features A1 and C1 share classes with project-specific equity stakes. Management fee 2.3%; total cost ratio 2022: 2.25%; 6-year investment horizon.

Quantifiable outcome

• 226.29% annual return on investment shares associated with the Rojek turnaround in the Restart Subfund for 2022
• +7 more outcomes

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and minor.

• KHYPO investment group (KHYPO, s.r.o.)coreStrategic or Co-development PartnerKHYPO operates as the business incubator that sources, develops, and prepares distressed companies before transferring them to CCFS. This pipeline is the fund's exclusive deal-sourcing mechanism. Projects enter CCFS through KHYPO, which also provides ongoing crisis management and turnaround services to portfolio companies.
• AVANT investiční společnost, a.s.coreOthersAVANT is the fund administrator (administrátor) of CCFS. It has extensive experience administering over 100 qualified investor funds. Its Sales Director is Ing. Michal Brothánek (+420 603 800 134). AVANT also handles the statutory requirements of fund governance per Czech law.
• Proton investiční společnost, a.s.coreOthersProton IS is the fund manager (obhospodařovatel) of CCFS sub-funds. It is a non-bank investment company licensed by the Czech National Bank, specializing in establishing and managing qualified investor funds. It also provides the proprietary family office service offering and handles fund analytics (e.g., inflation and interest rate analysis by chief economist Kryštof Míšek).
• CYRRUS, a.s.coreOthersCYRRUS serves as the depositary (depozitář) of CCFS sub-funds, holding and safeguarding fund assets per regulatory requirements.
• AUDIT ONE s.r.o.coreOthersAUDIT ONE is the independent auditor of CCFS sub-funds, providing annual financial statement audits.
• MARLO (Martin Louda)coreStrategic or Co-development PartnerDeveloper Martin Louda and his company MARLO are the majority owners of the new CCMD SICAV (CCM Development sub-fund), co-founded with CCFS. MARLO has 20+ years of experience developing more than 1,000 residential units in Czech Republic and internationally. The fund targets 10%+ average annual return with a 5-year horizon. The fund's target volume is CZK 560 million before closing.
• Sindat (Tomáš Frýbert)coreStrategic or Co-development PartnerIndustrial company leader Tomáš Frýbert of Sindat is the majority partner in the new CCS INDUSTRY SICAV (Industry I sub-fund), co-founded with CCFS. The fund will aggregate CCFS and Sindat machinery companies, targeting CZK 175 million in share subscriptions.
• Zdravé stravování / Lukáš DrlíkcoreStrategic or Co-development PartnerLukáš Drlík, founder of Zdravé stravování (healthy meal prep company with 300+ employees and 6,500 clients across Czech Republic and Slovakia), is the majority partner in the new CCD FOOD SICAV (Zdravé sub-fund), co-founded with CCFS. Target subscription volume: CZK 60 million. Three-year organic growth target: 50%; 5-year revenue target: CZK 1 billion.
• Albert (retail chain)minorChannel Partner/ Reseller/ DistributorAlbert supermarket chain partnered with Bio Vavřinec (Čerstvě nadojeno, a Restart Subfund portfolio company) for private-label bio kefir under Albert's 'Česká chuť' brand. A joint television commercial was produced. This partnership expands distribution of the portfolio company's products.
• Panorama Golf Resort KácovminorOthersVenue partner for the annual CCFS Golf Cup tournament. The resort is a 27-hole championship course that has won multiple 'golf course of the year' titles.
• Bogner, Escada, Roberto CoinminorGTM or Marketing PartnerLuxury fashion brands Bogner, Escada, and Roberto Coin were partners of the CCFS Golf Cup 2022 event, providing prizes and brand presence.
• Forte Village, Caesars Palace Dubai, Martinhal Cascais, Palazzo DogliominorGTM or Marketing PartnerLuxury resort brands provided prizes (totaling CZK 300,000) for CCFS Golf Cup 2022 winners, including stays at resorts in Sardinia, Dubai, Portugal, and Italy.
• Vesna (women's education association)minorOthersWomen's education association long-term supported by the Khypo investment group. CCFS sponsored the Serial Killer TV Series Festival organized by Vesna, and charity proceeds from CCFS Golf Cup events are donated to Vesna.

Scale indicators13 records

Recent moves7 records

Expansion highlights5 records

Others

• AVANT investiční společnost: Czech fund administrator administering over 100 qualified investor funds, including CCFS itself. Comparable as an ecosystem participant given its dominant role in the Czech qualified investor fund vehicle structure and CCFS's reliance on AVANT for administration.

Broad incumbents

• KB J&T Investiční společnost: Joint venture investment company between Komerční banka and J&T Group, managing mixed-asset and qualified investor funds in the Czech Republic. Comparable to CCFS as a domestic investment platform with qualified investor products.
• Conseq Investment Management: Largest Czech asset manager offering diversified funds, managed portfolios, and pension products. Comparable to CCFS as a domestic investment platform targeting Czech investors, though broader in scope and with significantly larger AUM.
• Amundi Czech Republic: Czech arm of Europe's largest asset manager offering mutual funds, ETFs, and institutional mandates. Comparable to CCFS as a competitor for Czech retail and qualified investor capital, with broader product offerings and global distribution.

Regional players

• REICO (ČS nemovitostní fond): One of the largest Czech real estate funds. Comparable to CCFS's RE Subfund as a domestic Czech real estate investment vehicle, and a likely benchmark in the Ekonom and Top realitní fondy rankings where CCFS placed 2nd-3rd.

Direct peers

• Genesis Capital: Czech private equity firm with a buyout and growth capital focus across Central Europe. Comparable to CCFS given its PE focus on Czech mid-market companies and similar investor base of qualified investors and institutional LPs.
• Jet Investment: Czech private equity firm specializing in turnaround/restructuring investments in Central Europe. Directly comparable to CCFS's Restart Subfund, with a similar focus on mid-market industrial companies in distress and operational value creation.
• WOOD & Company: One of the largest Czech investment firms offering asset management, brokerage, and corporate advisory services. Comparable to CCFS as a Czech-based investment platform serving qualified investors with diversified strategies.
• Rockaway Capital: Czech investment group with PE and venture operations across Central Europe. Comparable to CCFS given its domestic focus on Czech mid-market opportunities and multi-strategy approach to alternative investments.

Emerging players

• 3V Fund: Czech venture capital fund investing in early-stage technology companies. Partial overlap with CCFS's qualified investor fund structure and Czech domestic focus, though operating in a different asset class (tech vs. industrial turnarounds).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/about

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

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 CCFS