HOUSTON—On the heels of launching the first phase of integration for its RealNex platform’s product suite, the Pavonis Group has rolled out Pavonis Capital Partners‘ first fund, Pavonis Technology Fund I LP. Simultaneously, the group has named Demetrios Louziotis Jr., one of its partners, as CEO of Pavonis Capital Partners, which will be the general partner for this and all future funds.
Already, Pavonis Capital Partners has raised nearly $7 million for a variety of real estate and technology investments, including the first round of funding for RealNex, the recently-formed real estate technology company. Pavonis Capital’s technology fund will target acquisitions of real estate technology companies as well as investments in companies that offer new, scalable, disruptive solutions which Pavonis can bring into real estate.
Louziotis brings more than 30 years in real estate, finance and technology to his new role. Before joining Pavonis as a founding partner in 2013, he was SVP of the global real estate solutions group at Argus Software, playing a key role in the Altus Group‘s 2011 acquisition of Argus. Before his tenure with Argus, Louziotis was a director with Credit Suisse in New York City and Tokyo. There, he founded the firm’s international real estate and private equity pricing groups and helped grow the bank’s real estate finance business in the Asia-Pac region.
“We already have the foundation of a tremendous investor base and a fantastic pipeline of opportunities,” says Louziotis. “We have also had significant outreach by both potential investors and acquisition candidates who see the opportunities and want to pursue them with us.”
Pavonis Technology Fund I will consider opportunities to invest in both newly-created and more mature organizations. The objective is to add value by leveraging the Pavonis Group’s capabilities and the operating platform it’s creating.