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.

The Vihorev.Capital SICAV Fund is designed for qualified investors who wish to grow their capital through carefully selected residential and investment properties. By controlling the entire investment cycle, from acquisition to construction and management, the fund achieves above-standard returns while minimizing market risk for holders of investment shares.

The standard entry is suitable for investors who wish to start with an amount of 1 million CZK, with a recommended investment horizon of approximately 3–4 years, and the potential to achieve returns of up to 9% p.a. Thanks to professional management, a diversified portfolio, and the selection of attractive locations, this option is ideal for those seeking a stable and passive real estate investment without the hassle of property management or rentals.

For investors seeking greater flexibility, the FLEX plan is available, allowing entry with a smaller amount, while the fund is managed with the same professionalism and focus on long-term capital growth.

More information is available at: www.avantfunds.cz/informacni-povinnost/

Yield up to

0,0 % p. a.

Projects of the Fund

Investment opportunity

Residential project Villa Vista

Villa Vista in Zbraslav combines peaceful nature with modern architecture and views of Prague. With easy access to the city, cycling paths, and parks, it offers ideal conditions for active or quiet living. Apartments emphasize comfort and privacy, using quality materials and smart technologies. The project includes terraces, underground parking, and a community garden.

  • 1 150 m² Total usable area
  • Praha 16 - Zbraslav Location
  • 2026 Project finish date
  • 180 mil. CZK Total value of the investment
Current phase: Implementation of the construction
Investment opportunity

HONEST Michle

HONEST Michle offers modern living surrounded by greenery and world‑class design. With close access to public transport, schools, shops, and sports facilities, it ensures a convenient lifestyle. Bright rooms and a green façade evoke the atmosphere of a boutique hotel. There are 31 designer apartments, fully furnished and equipped.

  • 1300 m² Total usable area
  • Praha 4 - Jezerka Location
  • 4Q 2026 Project finish date
  • over 150 mil. CZK Total value of the investment
Current phase: Implementation of the construction
Completed

HONEST Říčany

HONEST Říčany is a modern project combining comfortable living with flexible workspaces in a single building. It offers fully serviced apartments with all-inclusive services and modern coworking offices for freelancers and companies. The project emphasizes sustainability, high-quality materials, and fosters a community atmosphere through shared spaces.

Completed

HONEST Karlín

HONEST Karlín offers stylish, fully furnished apartments right in the heart of Prague — comfortable living with all-inclusive services at your fingertips. Located in the attractive and well-connected Karlín district, it provides excellent transport links, easy access to the city center and rich urban amenities. The project combines modern urban lifestyle with maximum comfort and convenience, whether you seek short-term stay or long-term residence.

Honest Apartments Completed

HONEST Smíchov

HONEST Smíchov offers comfortable and fully furnished apartments in a prestigious part of Prague — the perfect blend of modern urban living and comfort. Located in the well‑connected Smíchov area, it provides excellent transport links, access to shops, culture, and social amenities. Whether you are looking for short-term accommodation or long-term residence, HONEST Smíchov is ready to offer you a tailor-made home.


Find out more

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 31. 10. 2025)

1,6670 CZK

452 762 806 CZK

Percentage change (9/2024 - 9/2025)

9,38 % p.a.

34,18 %

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 %

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 has been active in the Czech real estate market since 2008, with experience in property sales, asset management, and residential development. He specializes in structuring complex transactions, financial modeling, and strategic project development. Under his leadership, a portfolio of projects with a total value of €69.5 million has been realized. He has collaborated with leading developers and investors in the Czech market, contributing to projects that combine quality, efficient financing, and long-term value for clients and investors. Maxim brings analytical thinking, hands-on experience, and the ability to manage projects from concept to completion.

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 212 funds with a total asset value of over 181,3 billion CZK (as of June 30, 2025).

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

Investor Notice

The fund is a qualified investor fund under Act No. 240/2013 Coll., on Investment Companies and Investment Funds, and its shareholder can only be a qualified investor pursuant to §272 of this Act. Potential investors should particularly consider the specific risks that may arise from the fund’s investment objectives, as set out in its statutes. The investment objectives are reflected in the recommended investment horizon as well as in the fees and expenses of the fund.

The Key Information Document (KID) is available at https://www.avantfunds.cz/informacni-povinnost/. A printed version of this information can be obtained at the registered office of AVANT investiční společnost, a.s., Hvězdova 1716/2b, Prague 4, 140 00.

The information provided is for informational purposes only and does not constitute an offer to enter into a contract or a public offer under the provisions of the Civil Code.

Further information on the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) is available at https://www.avantfunds.cz/cz/dulezite-informace/.