Českomoravský fond SICAV, a.s.

What Českomoravský fond SICAV, a.s. does

Českomoravský fond SICAV, a.s. is a Czech qualified investor fund (fond kvalifikovaných investorů) structured as a SICAV under Czech law 240/2013 Sb., headquartered in Prague 2 – Vinohrady and founded in 2017. The fund operates two sub-funds serving a narrow base of high-net-worth and institutional qualified investors: Podfond DOMUS (est. 2017) invests in mortgage-secured receivables and acquires real estate directly from insolvency proceedings and auctions, targeting 6-7% p.a.; Podfond AGUILA (est. June 2019) provides syndicated loans to Czech legal entities secured by real estate at LTV up to 70%, targeting 7.5-8.5% p.a. Both sub-funds are linked by an internal fallback mechanism whereby defaulted AGUILA loans can be sold to DOMUS, which specializes in distressed-asset recovery.

The fund is managed and administered by AVANT investiční společnost, a.s., supervised by the Czech National Bank, with PKF APOGEO Audit, s.r.o. serving as external auditor. Revenue is generated through a hybrid model combining subscription-based AUM and outcome-based performance fees: investors subscribe monthly to multiple share classes with tiered minimums (1M CZK for qualified AGUILA, 10M CZK for DOMUS PIA, plus a premium PRIA tier), and the fund earns management fees plus 15-20% performance fees on returns above 6% (AGUILA) and 5% (DOMUS). The go-to-market is sales-led and relationship-driven, relying on the founders' CLEVERTY financial group network, financial advisor intermediaries, and a content-heavy investor portal featuring monthly/quarterly/annual reports, founder letters, and media coverage in Czech financial publications.

Across both sub-funds, the combined AUM exceeds 900M CZK (AGUILA >400M CZK, DOMUS >550M CZK) held entirely within the Czech Republic, eliminating foreign-currency and cross-border enforcement risk. The fund reports 81/0 profitable/loss months for AGUILA and 95/0 for DOMUS since inception, including 47.62% cumulative AGUILA returns through December 2025, with all assets held in Czech-denominated real-estate-collateralized positions. The 12-employee organization, small investor base (33 in AGUILA, 6 in DOMUS), and the founder-aligned co-investment of personal capital are structural features that constrain scale but reinforce the fund's stated risk-management discipline.

Name

Českomoravský fond SICAV, a.s.

Legal name

Českomoravský fond SICAV, a.s.

Website

https://cmfond.cz

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Qualified Investor Fund Management (Alternative Investments)

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (52591), Other Investment Pools and Funds (5259)

SIC

Mortgage Bankers & Loan Correspondents (6162), Investors, Nec (6799)

akta.pro primary industry

Debt Capital Raising Intermediation (Private Debt/Mezzanine/Bonds) (FSAEALAM)

akta.pro secondary industries

Endowment / OCIO-Style Multi-Manager Platforms (FSANAGAG), Private Markets Fund of Funds (PE / VC / Private Credit FoF) (FSAHAKAF)

Keywords

• Qualified investor fund
• Real estate lending
• Secured syndicated loans
• Alternative investments
• Investment fund management

Headquarters

HQ city

Prague (Praha 2 - Vinohrady)

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Loan Interest Income - AGUILA: AGUILA generates returns through interest payments on secured loans to legal entities. Interest rates are linked to Czech National Bank rates. Target yield of 7.5-8.5% p.a. for investment share class A. Yields up to 6% p.a. go entirely to investors; management fees apply only to returns exceeding this threshold.
2. Receivables and Real Estate Income - DOMUS: DOMUS generates returns through: (1) interest and principal recovery from secured receivables, (2) real estate appreciation and rental income from properties acquired from insolvency proceedings, (3) opportunistic real estate transactions. Target yield of 6-7% p.a.
3. Performance-Based Management Fees: Fund managers receive performance fees only from returns exceeding specified thresholds (6% p.a. for AGUILA, 5% p.a. for DOMUS). This alignment of interests ensures managers are motivated only when investors achieve positive returns.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Českomoravský fond SICAV, a.s. is a Czech qualified investor fund structured as a SICAV, operating two sub-funds: Podfond AGUILA (founded June 2019) which provides syndicated loans secured by real estate to legal entities with rates linked to Czech National Bank rates, targeting 7.5–8.5% p.a. returns; and Podfond DOMUS (founded 2017) which invests in mortgage-secured receivables and direct real estate acquisitions from insolvency proceedings and auctions, targeting 6–7% p.a. returns. Both sub-funds are open exclusively to Czech qualified investors as defined under §272 of the Czech Investment Funds Act, with minimum investments of 1 million CZK (AGUILA) and 10 million CZK (DOMUS PIA), monthly subscription frequency, and tax advantages after a 3-year holding period.

Product overview

Českomoravský fond SICAV, a.s. is a Czech qualified investor fund structured as a SICAV with two sub-funds — AGUILA and DOMUS — managed by AVANT investiční společnost, a.s. The AGUILA sub-fund (founded June 2019) focuses on syndicated secured loans to legal entities with real estate collateral, targeting 7.5%–8.5% p.a. The DOMUS sub-fund (founded 2017) invests in receivables secured by property liens and direct real estate acquisitions, targeting 6%–7% p.a. Both sub-funds are designed for qualified investors seeking returns with low correlation to equity and bond markets. A group subsidiary, LENDIGO, provides syndicated loans to entrepreneurs and has financed over 1 billion CZK in loans. The fund operates under Czech National Bank supervision and publishes monthly, quarterly, and annual reports.

Differentiator

Problem solved

Functional benefit

Brands

• AGUILA: Sub-fund focused on investments in syndicated loans secured by real estate, targeting 7.5-8.5% p.a. returns for qualified investors
• DOMUS

Products and services

• Podfond AGUILA Sub-fund focused on investments in syndicated secured loans to Czech legal entities with real estate collateral. Interest rates are tied to Czech National Bank rates. Target yield of 7.5–8.5% p.a. for investment shares A. Loans structured at LTV up to 70% with 3- or 5-year terms, external property valuations, and professional loan administration. Founded June 2019.
• Podfond DOMUS Sub-fund investing in receivables secured by property liens and direct real estate investments from insolvency proceedings and auctions. Combines real estate market exposure with alternative yield generation. Target yield of 6–7% p.a. Multiple share classes: Priority Investment Shares (PIA, min. 10M CZK) and Premium Investment Shares (PRIA). Founded 2017.
• Transparentní FKI (AGUILA) Initiative within the AGUILA sub-fund promoting transparency standards for qualified investor funds. Built on four pillars: single product with group synergies, real cash-flow-based value creation, zero debt policy, and fully secured transactions.
• LENDIGO Subsidiary company of the Českomoravský fond group that provides syndicated loans to entrepreneurs, exceeding 1 billion CZK in financed loans.

Quantifiable outcome

• 47.62% total return over 6 years (June 2019 - December 2025) for AGUILA investors
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• AVANT investiční společnost, a.s.coreImplementation/ SI/ Consulting PartnerAVANT investiční společnost, a.s. serves as the fund's administrator and manager (obhospodařovatel a administrátor) for qualified investor funds under Czech law 240/2013 Sb. The company handles all fund administration, investor services, and regulatory compliance, operating from CITY TOWER, Hvězdova 1716/2b, 140 00 Praha 4 – Nusle.
• CLEVERTYcoreStrategic or Co-development PartnerCLEVERTY is a Czech financial and investment group co-founded by AGUILA fund founders Vojtěch Fiala and Pavel Jíša. The group provides synergistic effects and professional network access for the fund's distribution and investor relations activities.
• PKF APOGEO Audit, s.r.o.coreOthersPKF APOGEO Audit, s.r.o. serves as the external auditor for Českomoravský fond SICAV, providing independent financial statement verification and compliance assurance as required by Czech regulatory framework.
• FINEMOminorStrategic or Co-development PartnerFINEMO is a credit company focused on reverse mortgages, co-owned by fund co-founder Pavel Jíša. Represents the founders' broader financial ecosystem and potential future synergy opportunities in real estate-backed lending.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• WOOD & Company Financial Services: WOOD & Company is a leading Central European investment bank with asset management operations managing qualified investor funds. Comparable as a Czech-rooted alternative investment manager, though with broader securities and advisory offerings.
• Conseq Investment Management: Conseq is one of the largest Czech investment management companies, managing mutual funds and qualified investor funds with focus on domestic and Central European assets. Broader incumbent with overlapping Czech qualified investor segment.
• J&T INVESTIČNÍ SPOLEČNOST: J&T is one of the largest Central European financial groups, offering a broad range of qualified investor funds including real estate, private debt, and alternative strategies under ZISIF. Larger incumbent with broader product portfolio but overlapping qualified investor customer base in Czech Republic.

Direct peers

• AMISTA investiční společnost: AMISTA is a Czech investment company administering and managing qualified investor funds under ZISIF, including real estate and alternative strategies. Direct peer given parallel role as fund manager for multiple Czech FKI vehicles.
• Jet Investment: Jet Investment is a Czech alternative asset manager with activities in private debt, private equity, and real estate-backed lending to SMEs and property developers. Highly comparable to AGUILA's syndicated secured lending model targeting Czech legal entities.
• REDSIDE investiční společnost: REDSIDE is a Czech investment company managing qualified investor funds and alternative investment strategies, including real estate and private debt. Direct peer to Českomoravský fond due to similar ZISIF-regulated multi-sub-fund structure and Czech qualified investor focus.
• REICO investiční společnost: REICO manages REICO ČS nemovitostní fond, one of the largest Czech open-end real estate funds investing in Czech commercial real estate. Comparable to DOMUS in Czech real estate investment focus and qualified investor client base, though operating at much larger scale.

Regional players

• Erste Asset Management: Erste Asset Management manages qualified investor and retail funds across CEE with Czech real estate and fixed income offerings (including Erste nemovitostní fond). Comparable as a regional alternative investment manager serving Czech market, with broader geographic footprint.

Others

• AVANT investiční společnost: AVANT is the fund administrator/manager of Českomoravský fond SICAV itself under ZISIF 240/2013 Sb. Comparable as a platform provider enabling other Czech qualified investor funds with similar sub-fund architecture and investor onboarding infrastructure.
• CLEVERTY Financial Group: CLEVERTY is the financial and investment group co-founded by Českomoravský fond SICAV founders Vojtěch Fiala and Pavel Jíša, providing investment advisory and distribution synergies. Adjacent ecosystem player rather than direct competitor, but tightly linked via shared founders and investor base.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/%C4%8Deskomoravsk%C3%BD-fond-sicav-a-s

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 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 Českomoravský fond SICAV, a.s.