Qualified
investor fund

We develop residential and investment real estate. Through control of the entire investment cycle, we aim to achieve an attractive return potential while managing risks associated with the real estate market.

Vihorev.Capital SICAV, a.s. is intended for qualified investors who wish to invest their funds through carefully selected residential and investment properties. By overseeing the entire investment cycle – from acquisition through development to asset management – the fund aims to achieve a long-term balanced return profile with an emphasis on systematic risk management.

The standard entry option is suitable for investors who wish to start with an investment of CZK 1 million, with a recommended investment horizon of approximately 3–4 years and a target return of up to 9,19 % p.a. The investment is intended for investors who seek to participate in real estate projects through a fund structure and prefer not to manage properties directly.

For investors who prefer greater flexibility, the FLEX option is available, allowing entry with a lower investment amount. The fund is managed according to the same investment strategy with a focus on long-term capital appreciation. More information can be found at: www.avantfunds.cz/informacni-povinnost/.

The stated return represents the target return of the fund. The actual result may vary depending on market developments and the fund’s performance. The value of the investment may fluctuate and the return of the invested amount is not guaranteed. Past performance does not guarantee the same or higher performance in the future.

Before making an investment decision, please review the Key Information Document (KID), which contains essential information about the fund, its risks, and the costs associated with the investment. Detailed information about the fund, its investment strategy, risks, and investment conditions is provided in the fund’s statute.

Return potential of up to

9,19% p.a.

Projects of the Fund

Investment opportunity

Residential project Villa Belair

Villa Belair offers 6 exceptional residential units in an intimate project nestled in the villa district of Zbraslav. The location borders Belveder forest park and offers breathtaking views of the Vltava Valley, tranquility and excellent accessibility to Prague city center.

Beautiful spacious apartments with terraces, private gardens and direct elevator access from underground parking combine modern architecture, premium materials and emphasis on connection with surrounding nature.

1 150 m² Total usable area
Praha 16 - Zbraslav Location
2026 Project finish date
7,4 mil. EUR 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. Thanks to the proximity of public transport, schools, shops and sports facilities, it provides comfortable urban living.

Bright rooms and a green facade create a boutique hotel atmosphere. 31 design apartments are available including full equipment. Michle is a place you will fall in love with.

1300 m² Total usable area
Praha 4 - Michle Location
4Q 2026 Project finish date
195 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.

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.

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Investment objective
and strategy of the Fund

The fund aims to achieve an attractive return potential while creating long-term added value through cash flow generated by real estate projects.

By bringing investors together, the fund creates economies of scale that enable more efficient financing structures, improved negotiation of terms, and access to investment projects.

The fund places emphasis on open communication and regular reporting to investors through updates on portfolio development, financial performance, and completed projects.

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. 5. 2026)	1,7471 CZK	514 074 367 CZK
Percentage change (5/2025 – 5/2026)	8,62 % p.a.	74,71 % Zhodnocení PIA od 1. úpisu za 89 měsíců

Past performance does not guarantee the same or higher performance in the future.

Projects

Current

Finalized

In Operation

Calculate your return

Amount invested

13 600 000 CZK

Retention time in the fund

7 let

Yield in % p.a. (maximum achievable interest)

8.5 %

Total amount to be paid

1 435 629 CZK

Taxed income

435 629 CZK

Appreciation of the invested amount

43,6 %

This calculation is for illustrative purposes only and does not represent a promise or guarantee of returns. Actual returns may vary depending on market conditions and the fund's performance.

Model of operation of PS and PIS

The model presented above is for illustrative purposes only and serves solely to explain the operating principle of the Priority and Performance Shares structure (PIA/VIA). The actual development of the portfolio value may differ depending on market conditions and the fund's performance. This example does not constitute a promise or guarantee of returns or capital protection. The value of an investment may fluctuate and the return of the invested amount is not guaranteed. Detailed information about the fund, its investment strategy, and associated risks is provided in the fund's statute and in the Key Information Document (KID).

Find out more

Robust fund structure for managing your investment

The diagram presented above provides a simplified representation of the fund structure and the entities involved. It is intended for informational purposes only. Detailed information about the fund, its investment strategy, investors' rights, and associated risks is provided in the fund's statute and in the Key Information Document (KID).

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.

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 qualified investor funds. Over the past three years, AVANT IS has been among the fastest-growing investment companies in the Czech Republic and currently ranks among the largest investment companies in the qualified investor fund market. AVANT IS manages 212 funds with total assets exceeding CZK 181.3 billion (as of 30 June 2025).

AVANT IS has built its position in the market primarily through a personal client approach, extensive experience, flexibility, and the quality of its services. The managed funds invest in commercial real estate, residential development projects, agricultural land, receivables, and equity stakes in early-stage projects as well as in established companies, supporting their further development.

Detailed information about AVANT investiční společnost, a.s. is available at:
www.avantfunds.cz

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/.

Qualified investor fund

Return potential of up to

9,19% p.a.