Houston-based Pavonis Group is launching a private equity team – Pavonis Capital Partners. Demetrios Louziotis, Jr., an existing partner with Pavonis Group will become CEO of Pavonis Capital Partners, according to a statement.
The firm is also in the market raising its first fund – Pavonis Technology Fund I.
Pavonis was unavailable for comment on the target for Fund I at press time.
To date, Pavonis Capital Partners has raised nearly $7 million for various real estate and technology investments, including the first round of funding for RealNex, the recently-formed real estate technology company.
Pavonis Capital Partners’ technology fund will target acquisitions of real estate technology companies and investments in companies that can service the real estate industry.
Louziotis has been with the Pavonis Group since 2013 as a Founding Partner, serving as Chief Operating Officer and Head of Strategy. At Pavonis, he founded the firm’s International Real Estate and Private Equity Pricing Groups and helped grow the bank’s real estate finance business in the Asia-Pac region.
Prior to joining Pavonis, Louziotis was employed with Argus Software from 2009 to 2013 as Senior Vice President of the Global Real Estate Solutions Group.