Pictet Alternative Advisors (PAA), the alternative investment specialist of Geneva, Switzerland-based Pictet Group closed its debut thematic private equity fund focused on technology at USD 350m.
The Pictet Thematic Private Equity – Technology is a fund of funds exclusively dedicated to technology investments and innovation.
The vehicle is managed by the Thematic team under Pierre Stadler, Head of Thematic Private Equity at PAA who brings 15 years’ experience in Private Equity investing.
PAA manages over USD 20bn in private equity and offers diversified private equity portfolios, since its debut more than 30 years ago, via dedicated tailor-made mandates or commingled products. Besides the newly created Private Equity Thematic franchise, PAA is known for its established Monte Rosa franchise created in 2008. The Monte Rosa franchise includes diversified multi-sectorial and multi-strategy fund of funds. The latest generation fund, Monte Rosa VI, is currently rising with a target of over USD 1bn.
The Thematic franchise should soon expand its offering into new themes. A healthcare / biotech dedicated fund will be launched in early 2022.