How we think about investments.
Fewer deals, deeper knowledge, long holding periods. The rules we play by.
The old world of private equity is ending.
Traditional PE funds were built on the assumption that capital is scarce and know-how expensive. That companies are bought, restructured, and resold after five years. That value is created in the transaction, not in the holding.
None of these assumptions hold anymore.
Capital is in surplus today. Know-how is collapsing in price. And companies bought on a five-year horizon end up in funds that have to sell — even when it makes no sense.
Meanwhile, the gap remains.
Central Europe accounts for roughly 2 % of European PE investments. Yet a generational handover is maturing across thousands of profitable SMEs, and digital transformation is cheaper than ever thanks to AI.
Most funds don't reach this far. Mega-funds chase big-ticket deals. Mid-size funds compete on prices where they can no longer match strategic acquirers. And angel investors can't deliver the hands-on work these companies need.
Our thesis:
In CEE over the next ten years, the largest edge belongs to whoever combines capital, operational excellence, and a long horizon.
That's the gap Point FM was built into.
We build on three things. All pulling in one direction.
01 — Entry
Minority position, not a takeover. A 10–40 % stake, fair governance, capital protection. The founder doesn't lose speed. We gain structure and compounding.
02 — Work
Hands-on, not slide consultants. We help with pricing, GTM, product, data, and filling C-level roles. At Investown we helped triple AUM from CZK 2bn to CZK 6bn in a year.
03 — Time
Long horizon, not a forced exit. Point FM runs as an evergreen structure — no fixed investment horizon. We sell when the market and the company offer a better alternative than continuing to hold. Pressure to exit is expensive.
Two sectors with the largest mispricing in the market today.
B2B services with room for an AI upgrade
Companies with a real customer base and repetitive processes that can be rewritten. Margins after AI integration don't shift in a year — they shift in three.
Vertical SaaS for regulated industries
Software for healthcare, finance, accounting, law, insurance. High switching costs, regulatory moat, slower growth — but compounding that holds.
Sector is not a dogma for us. It's a consequence of where the best ratio of quality and price sits today. Tomorrow it may be elsewhere.
This is the strategy. Behind it: one operator and a small team.