For investors

ADAX Fond firemního nástupnictví SICAV, a. s.
Growth Investment Fund for Qualified Investors

We combine the expertise of members of the Regional Chamber of Commerce Brno with the investment and managerial experience of the fund management and Havel & Partners group. Since 2021, we have been building a diversified portfolio of Czech and Slovak companies, providing them not only with investments and know-how but also with global business opportunities. Our aim is to foster the domestic business environment and provide our long-term investors with a return of at least 12% annualy.

We are a corporate succession fund, seeking and investing in businesses with promising prospects but whose current owners need effective assistance with further technological and business development. In the ADAX Fund, we are ready to provide them with help.

In our portfolio, we diversify across various sectors and geographic markets to minimize investment risks. We are prepared to invest up to 3 billion CZK, and the current performance of the fund is predominantly ensured by TANY dairy, CM Trade Via, a distributor of products for people suffering from allergies, asthma, or atopic dermatitis, and Ekobal Rožnov, a producer of 100% eco-friendly paper cups and lids. We continuously seek new opportunities and are ready to take care of your investments and corporate succession.

ADAX Fond firemního nástupnictví SICAV, a. s.  
Fund type: Qualified Investor Fund 
Legal form: Variable Capital Stock Corporation (SICAV) 

Sub-Fund: ADAX Fond firemního nástupnictví, podfond 1 
Sub-Fund focus: Private equity – small and medium-sized enterprises, primarily in the Czech Republic and Slovakia
Sub-Fund class: Growth (A,B,C) 
Investment horizon: Long-term, 3 years or more
Fund duration: 5 years or more 

Valuation Frequency: Quarterly
Redemption Frequency: Monthly, with a settlement period of 3–12 months depending on the redemption size 
Minimal investment: 1,000,000 CZK 
Type of securities: Book-entry investment shares 
Target return: 12% per annum
Entry fee: 0–5% 
Exit fee: 30% for redemptions within 3 years from subscription, 0% for redemptions after 3 years from subscription
Fund manager: CODYA investiční společnost, a.s. 
Fund administrator: CODYA investiční společnost, a.s. 
Fund depository: UniCredit Bank Czech Republic and Slovakia, a.s. 

Official fund advisor: ADAX Capital Corporation, s. r. o.


12% p. a.

Expected return

5 years or more


125 000 EUR or 1 000 000 CZK

Minimální investice


entry fee

ADAX Fond firemního nástupnictví SICAV, a. s., podfond 1
The fund is managed by CODYA investiční společnost a.s.


David Fogad
Director of Investments and Operations Manager

+420 778 042 424

Billing informations:

ADAX Fond firemního nástupnictví SICAV, a.s. 
Headquarters: Na Florenci 23, Praha 1
Identification Number (IČO): 10735551

Company registered in the Commercial Register at the Regional Court in Brno, Section B, Insert 8529, on April 7, 2021

Manager and administrator
CODYA investiční společnost, a. s.
+420 513 034 190
+420 739 299 343
Poňava 135/50
664 31 Lelekovice
More information at:

Official advisor to the fund
ADAX Capital Corporation s. r. o.

+420 778 042 424
Na Florenci 1332/23, Nové Město, 110 00 Praha
IČO: 19421818

Shares in business companies owned bz ADAX Succession FUnd SICAV, a.s., acting on behalf of ADAX Succession Fund SICAV, a.s., Sub-fund 1, registered in the Commercial Register at the Regional Court in Brno, Section B, Insert 8529, on April 7, 2021

This website is intended solely for informational and promotional purposes and is not an offer, solicitation, or recommendation for investment. Before making any investment decision, it is necessary to familiarize yourself with the fund’s and sub-fund’s statutes. Investing carries risks that may result in a decrease in the value of the investment and capital loss. The value of investment shares fluctuates over time, and historical sub-fund performance is not an indication or guarantee of future results. Investment in the sub-fund is subject to the risks stated int he fund’s and subfund’s statutes. The information contained in this document has been prepared with the utmost care but may be subject to change and updates, and neither the fund nor the manager provides any guarantee regarding its accuracy or completeness. The taxation of the fund is determined by law and may be adjusted in the event of a change in the law. The fund is intended for qualified investors pursuant to Section 272 of Act No. 240/2013 Coll., on investment companies and investment funds, as amended. If you intend to ivest and amount between 1,000,000 CZK and 125,000 EUR, the suitability of such investment for you will be assessed by the manager or administrator of the sub-fund. Before investing, you should carefully consider the investment strategy and risks associated with the investment objectives of the, as stated in the statutes or other relevant documents. The key information document (KID) and fund statute are available on the fund’s website.