Pale Fire Capital SE
Pale Fire Capital SE is a private equity investment firm based in Prague, Czech Republic, founded in 2004 by the Hanus brothers. The firm focuses on technological innovation and forms strong partnerships with founders, leveraging over twenty years of expertise in building successful companies. With a team-oriented strategy, they support business expansion, especially in consumer, marketplace, fintech, education, media & entertainment, and SaaS sectors. Employees are estimated at 11-50, and their portfolio includes international and high-profile investments such as Groupon, Rouvy, and itrinity. Pale Fire Capital serves both European and global markets, providing capital, know-how, and strategic involvement to help companies scale, with a particular focus on technological and operational growth.
Investment Strategy
Pale Fire Capital SE's investment strategy centers on forming close partnerships with founders and supporting technological innovation across a range of sectors. The firm takes a hands-on approach, using the experience of its internal team to help portfolio companies overcome barriers to growth, expand internationally, and build strong operational foundations. They invest across all development stages, adapting investment and strategic support for projects from idea stage to market-ready companies. Their focus is on technology-driven businesses, particularly consumer, SaaS, fintech, marketplace, and media, aiming for both financial success and positive sector impact.
Top Holdings
Equity Positions (58)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GRPN | GROUPON INC | 34.94% | $340.6M | 10,181,070 | $9.99 | $33.45 | +$149.5M |
B BTG | B2GOLD CORP | 24.36% | $237.4M | 65,760,909 | $2.60 | $3.61 | +$52.6M |
D DOLE | DOLE PLC | 8.86% | $86.4M | 6,174,540 | $9.97 | $13.99 | -$4.2M |
H HL | HECLA MNG CO | 4.57% | $44.6M | 7,438,818 | $5.56 | $5.99 | +$3.2M |
N NGD | NEW GOLD INC CDA | 2.86% | $27.9M | 5,630,478 | $3.71 | $4.95 | +$4.0M |