Jaroslav Strnad Plans €100M Investment Fund Backed by Industrial Holdings

Jaroslav Strnad is preparing to establish an investment fund that will include ownership stakes in selected companies from his broader industrial holding structure, according to Forbes Czech Republic.

The fund is expected to target approximately €100 million in its initial phase and could include up to 50 percent stakes in certain subsidiaries. The assets are expected to be drawn from the holding level rather than directly from Czechoslovak Group (CSG), which represents the core defense-industrial arm of Strnad’s business, ran successfully by his son Michal Strnad.

This distinction indicates that the planned vehicle is structured at the shareholder level, allowing external investors to gain exposure to a diversified industrial portfolio while preserving control over key defense activities within CSG.

The selected assets for the fund have not been publicly detailed. However, the phased approach suggests that only part of the broader portfolio will be included initially, with the potential for expansion depending on investor interest.

Strnad’s industrial group spans defense manufacturing, ammunition production, and other industrial sectors, with CSG acting as its primary defense platform and a major supplier within NATO markets.

The creation of the fund reflects a wider shift among European industrial owners toward hybrid financing models that combine private ownership with institutional capital, particularly in sectors experiencing sustained demand growth.

Further details regarding the fund’s governance, structure, and timeline remain undisclosed.