Background and Opportunity

  • Acquisition of a 32% stake in Pi Labs, one the leading European Proptech fund managers
  • Simultaneous investment in Pi Labs’ 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
  • Pi Labs makes high conviction investments with potential to make 3-4x multiples
  • Early stage access to emerging technology which could significantly benefit both Revcap’s assets and JV operations within the portfolio

Current Status

  • Pi Labs has received permission to increase the hard cap on Pi Labs III due to exceptional investor demand
  • Pi Labs III has committed to its first investments and launched its 10th accelerator programme