RSJ Private Equity

RSJ Private Equity

RSJ Private Equity launched in 2010 as the investment arm of RSJ Securities, a proprietary trading firm that makes markets on derivatives exchanges in London, Chicago, and Frankfurt. The founding partners, led by controlling partner Libor Winkler alongside Petr Altman, Václav Dejčmar and others, channeled accumulated trading gains into a permanent capital base. That base now funds a dual-strategy group spanning tangible assets and growth-stage technology — unified under a single regulated entity, RSJ Investments investiční společnost a.s. The real estate pillar concentrates on Czech and Slovak residential, office, and logistics development, executed through co-investments with operating partners. RSJ has developed apartment projects with YIT, FINEP, and JRD in Prague districts including Troja and Hostivař, while acquiring a 25% stake in Centrum Černý Most — the Czech Republic's third-largest shopping center — alongside the Upvest platform. Outside its home market, the firm expanded into Baltic residential development in 2024, launching projects in Vilnius, Lithuania and Riga, Latvia with YIT. The group also holds 4,000 hectares of Czech agricultural land and a five-star resort in Zanzibar, reflecting the broad asset mix that sits inside its real-asset funds. The technology and growth pillar operates primarily as a fund-of-funds and co-investment vehicle. RSJ commits to venture managers across Europe and the US: Credo Ventures, Notion Capital, Moonfire Ventures, Project A, Blossom Capital, Lunar Ventures, and Nina Capital are all named partners. Co-investments from these relationships produced exposure to ElevenLabs and Pigment, both of which reached unicorn status during 2024. The firm also invests in private equity secondaries and buyout funds, with positions in vehicles managed by BlackRock, Glendower Capital, King Street, and local SME specialists Genesis Capital and Oriens. In 2023 RSJ raised its Tech III fund, reinforcing technology commitments. RSJ's structural differentiator is the umbilical cord between a live trading desk and a permanent investment pool. The group's market-making operation — active across five global exchange centers — generates proprietary capital that flows into the PE and real estate vehicles without a fixed fundraising cycle. This architecture lets RSJ act as a patient co-investor on development projects while also running a qualified-investor fund structure (RSJ Investments SICAV and RSJ PE SICAV) that admits external capital through a Friends & Family program opened in 2017.