Background and Opportunity
- Pi Labs makes high conviction investments with potential to make 3-4x multiples
- Acquisition of a 32% stake in Pi Labs, one the leading European Proptech fund managers
- Simultaneous investment in Pi Labs III – its latest third party fund
- Access to early stage corporate investment opportunities across Europe via the Fund as well as co-investment rights alongside the Fund in the rapidly growing Proptech and Contech sectors
- Early stage access to emerging technology which could significantly benefit both Revcap’s assets and JV operations within the portfolio
Current Status
- Pi Labs III has achieved one exit (Vauban in Q2 2022, generating a 6.7x MOIC)
- Pi Labs III now has a portfolio of over 40 Proptech investments, many with an AI focus
- Pi Labs III is near full deployment and a successor fund is currently being raised
