Pictet Alternative Advisors, the alternative investment specialist of the Pictet Group, has raised a combined $2.5 billion at the final close of Monte Rosa VI, the sixth fund in its series of diversified, multi-manager private equity funds, and Monte Rosa Co-investments V, the fifth vehicle dedicated to co-investments.
Pictet Alternative Advisors (PAA), the alternative investment specialist of the Pictet Group, has raised a combined $2.5 billion at the final close of Monte Rosa VI, the sixth fund in its series of diversified, multi-manager private equity funds, and Monte Rosa Co-investments V, the fifth vehicle dedicated to co-investments.
Capital commitments have come from a diverse range of investors including clients from Pictet’s wealth management business alongside a range of institutional investors, primarily in Europe. These fundraisings saw substantial interest from existing investors in the Monte Rosa franchise and from a new and geographically diversified set of clients.
Monte Rosa VI raised a total of $1.6 billion, largely exceeding the predecessor vehicle that was launched in 2019 totalling $1.2 billion in commitments. The fund will invest primarily in North American and European buyout funds with smaller allocations across other geographies (including Asia) and strategies (venture capital, growth and turnaround). Co-investments and secondary transactions will account for 20% to 30% of the fund commitment.
Monte Rosa Co-Investment V, meanwhile has held a final close at $900 million, reaching its hard cap and tripling the size of its 2020-vintage predecessor. The strategy targets minority investments alongside top-tier General Partners (GPs), providing clients the opportunity to invest in circa 30 different companies across investment strategies (buyout, growth and venture) as well as geographies. At the time of closing, the programme was already 30% invested across a dozen of co-investments.
