HOUSTON—On the heels of launching the first phase of integration for its RealNexplatform's product suite, the Pavonis Group hasrolled out Pavonis Capital Partners' first fund,Pavonis Technology Fund I LP. Simultaneously, the group has namedDemetrios Louziotis Jr., one of its partners, asCEO of Pavonis Capital Partners, which will be the general partnerfor this and all future funds.

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Already, Pavonis Capital Partners has raised nearly $7 millionfor a variety of real estate and technology investments, includingthe first round of funding for RealNex, the recently-formed realestate technology company. Pavonis Capital's technology fund willtarget acquisitions of real estate technology companies as well asinvestments in companies that offer new, scalable, disruptivesolutions which Pavonis can bring into real estate.

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Louziotis brings more than 30 years in real estate, finance andtechnology to his new role. Before joining Pavonis as a foundingpartner in 2013, he was SVP of the global real estate solutionsgroup at Argus Software, playing a key role in theAltus Group's 2011 acquisition of Argus. Beforehis tenure with Argus, Louziotis was a director with Credit Suissein New York City and Tokyo. There, he founded the firm'sinternational real estate and private equity pricing groups andhelped grow the bank's real estate finance business in the Asia-Pacregion.

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“We already have the foundation of a tremendous investor baseand a fantastic pipeline of opportunities,” says Louziotis. “Wehave also had significant outreach by both potential investors andacquisition candidates who see the opportunities and want to pursuethem with us.”

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Pavonis Technology Fund I will consider opportunities to investin both newly-created and more mature organizations. The objectiveis to add value by leveraging the Pavonis Group's capabilities andthe operating platform it's creating.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.