Qualified
investor fund We achieve above-standard returns thanks to the control of entire investment cycle of project implementation from acquisition, through construction to subsequent operation. At the same time, we minimize the market risk for investment share holders.

Yield up to

0,0 % p. a.

Projects of the Fund

Investment opportunity

HONEST Říčany

This is one of the flagship projects in our current portfolio. Reconstruction of Alfa Tower in Říčany into a modern multifunctional building.

  • 8 090 Total usable area
  • Říčany, Prague-East Location
  • 2Q 2024 Project finish date
  • over 350 mil. CZK Total value of the investment
Current phase of the project: Implementation of the construction
Honest Apartments Completed

HONEST Smíchov

Stylish serviced apartments in Smíchov – www.honestprague.cz

  • 965 Total usable area
  • Prague 5, Smíchov Location
  • 2019 Project finish date
  • 91% Average occupancy
Current phase of the project: Completed
Completed

Residence Strakonická

Residential units near the center of Prague. www.rezidencestrakonicka.cz

Honest Apartments Completed

HONEST Smíchov

Stylish serviced apartments in Smíchov – www.honestprague.cz

Avion Budějovická Completed

Avion Budějovická

Apartment complex in Krč.

Investment objective
and strategy of the Fund

Yield
The fund targets a higher return than the average passive investment
Synergy
The unification of individual investors in order to achieve the maximum return on scale. Better interest rates on financing banks and better access to exclusive offers
Transparency
Everything that takes place in the fund must be as accessible and as transparent as possible to all investors
I want to invest

Current data of the fund

Value of 1 piece
of preferred stock
Value of the fund’s
property/assets

Values (as of 30. 9. 2022)

1,3934 CZK

217 022 801 CZK

Percentage change (9/2022-9/2023)

7,58 % p.a.

17,45 %

Projects

0

3

Current

3

Finalized

1

In Operation
HONEST Říčany
HONEST Říčany
Location
Říčany, Prague-East
Project finish date
2Q 2024
HONEST Smíchov
HONEST Smíchov
Location
Prague 5, Smíchov
Project finish date
2019
Avion Budějovická
Avion Budějovická
Location
Prague 4
Project finish date
1Q 2019
HONEST Karlín
HONEST Karlín
Location
Prague 8, Karlín
Project finish date
1Q 2024
Residence Vojanka
Residence Vojanka
Location
Prague 5, Košíře
Project finish date
4Q 2018
Calculate your return
Amount invested
13 600 000 CZK
Retention time in the fund
7 let
Yield in % p.a. (maximum achievable interest)
9 %
Total amount to be paid
1 435 629 CZK
Taxed income
435 629 CZK
Appreciation of the invested amount
43,6 %

The value of the priority investment share

+7,11%

Percentage change
2021 – 2022

1,3390

Current value in CZK

Model of operation of PS and PIS

Performance investment stocks (PIS)

These are shares that are primarily intended for the fund’s founder and their partners.

Preferred stocks (PS)

Preferred stocks of the VIHOREV CAPITAL fund have a preferential share of the fund’s profits over the fund’s founder and a PIS holder. These are shares that have PIS capital coverage for a minimum return of 7.1% p.a. They are marketable on the Prague Stock Exchange. The minimum initial investment is CZK 1,000,000. The investor has the right of buyback of their shares by the fund.

Performance investment stocks (PIS)

These are shares that are primarily intended for the fund’s founder and their partners.

Preferred stocks (PS)

Preferred stocks of the VIHOREV CAPITAL fund have a preferential share of the fund’s profits over the fund’s founder and a PIS holder. These are shares that have PIS capital coverage for a minimum return of 7.1% p.a. They are marketable on the Prague Stock Exchange. The minimum initial investment is CZK 1,000,000. The investor has the right of buyback of their shares by the fund.

Find out more

Robust fund structure keeps
your investment protected

Robust fund structure keeps <br>your investment protected

Auditor

The auditor verifies the financial statements and makes an opinion on the compliance of the annual report with its financial statements in accordance with the law.

Depositary

The depositary takes care of the fund's assets, maintains the sub-fund's account and records movements on it, checks whether the issuance and redemption of IA, calculations of current values, valuation of assets, payment of consideration, use of income in accordance with the law.

Manager and Administrator

Avant Investment Company - manages the fund's assets, invests on its behalf, manages its risks, maintains its accounts, provides legal services, compliance and internal audit, handles investor complaints, values the sub-fund's assets and debts, etc.

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Key figures of the fund

Mgr. Maxim Vihorev
Chief executive officer, Founder

Maxim graduated from Charles University – he obtained his master’s degree in Law and Legal Science from the Faculty of Law and also got a bachelor’s degree from the Faculty of Business Administration at the Prague University of Economics and Business. Since 2008, he has been active in the Czech real estate market, especially in the area of real estate sales and management. Since 2014, he has been active in the residential development market. His key expertise is in real estate deal structuring and financing. The total value of his completed and existing projects exceeds CZK 900 million.

Ing. Vladimír Bezděk, M.A.
CHAIRMAN OF THE BOARD AND CEO OF AVANT INVESTIČNÍ SPOLEČNOST, A.S.

Vladimír Bezděk studied at the University of Economics and the University of Manchester. He has more than 20 years of experience in financial institutions, especially in insurance, investment and banking. He first held various positions at the CNB for nine years. Subsequently, he moved to the private financial sector and took on the roles as CEO and Chairman of the Board of Directors of Aegon Insurance Company, the Slovak Generali Insurance Company, Penzijní společnost České pojišťovny and ČSOB Pojišťovna. He has been a member of the AVANT Supervisory Board since June 2020, and since July 2021 he has been responsible for the management and development of the company from the position of Chairman of the Board of Directors.

Presentation of the investment fund manager AVANT

AVANT investiční společnost, a.s. specializes in the establishment and management of funds of qualified investors. In the last three years, AVANT has become the most dynamically growing investment company in the Czech Republic and is currently the largest investment company on the market of qualified investor funds. AVANT manages 69 funds with a total asset value of over 32 billion CZK (as of September 30, 2020).

AVANT gained its position on the market mainly through its personal client approach, experience, flexibility and the quality of services provided. The managed funds invest in commercial real estate, housing projects, agricultural land, receivables and equity shares in startup projects or existing companies, which it helps to further develop.

Contacts

Vihorev.Capital SICAV, a.s.
JUNGMANNOVA 26/15
180 00 Prague 8
VAT: 07670184
FILE NUMBER: B 23982, MUNICIPAL COURT IN PRAGUE

[email protected]
+420 226 258 238

FUND MANAGER AND ADMINISTRATOR, AVANT INVESTIČNÍ SPOLEČNOST, A.S.Hvězdova 1716/2b,
140 00 Praha 4 - Nusle.

FILE NUMBER: COMPANY REGISTERED BY THE MUNICIPAL COURT IN PRAGUE, SECTION B, FILE NO. 11040

[email protected]
+420 267 997 795

DEPOSITORY BANKČeská Spořitelna, a.s.
Olbrachtova 1929/62
140 00 PRAGUE- Krč

vat: 45244782
FILE NUMBER: B 1171/MSPH MUNICIPAL COURT IN PRAGUE

Auditor
AUDIT ONE s.r.o.

Pobřežní 620/3
186 00 PRAGUE 8

VAT: 09938419
FILE NUMBER: THE COMPANY IS REGISTERED IN THE COMMERCIAL REGISTER MAINTAINED BY THE MUNICIPAL COURT IN PRAGUE, SECTION B, FILE NO. 14203

Notice to investors

AVANT investiční společnost, a.s. is a manager of qualified investor funds pursuant to Act 240/2013 Coll. and a qualified investor may become their shareholder or stakeholder pursuant to Section 272 of this Act.

The fund’s key information documents (KID) are available at www.avantfunds.cz/cs/informacni-povinnost/​. In paper form, this information can be obtained at the registered office of AVANT investiční společnost, a.s. CITY TOWER, Hvězdova 1716/2b, 140 00 Praha 4 - Nusle.  

Information on the processing of personal data relating to Act No. 110/2019 Coll., on personal data processing, can be found on the website of AVANT investiční společnost, a.s. at www.avantfunds.cz/cs/gdpr/.

Further important information for investors can be found at www.avantfunds.cz/cz/dulezite-informace/..​

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