Pictet Alternative Advisors (PAA), an independent unit of the Pictet Group which manages hedge fund PE and real estate investments, has held the final close of the second vintage of its technology-focused thematic private equity fund at more than $200m.
Managed by Stanislas Chanavat, Chuang Zhu, Nicolas Schwyn and Jacqueline Xu, the Technology strategy targets high-conviction investment opportunities in the key segments of enterprise software, data & AI, cybersecurity and fintech.
According to a press statement, the second vintage will “continue this proven strategy in backing leading global venture capital, growth equity and buyout technology fund managers globally, in constructing a diversified portfolio comprised of the most promising primary funds and by selecting the most attractive co-investments alongside those managers”.
Pictet’s thematic private equity franchise has now raised a total in excess of $1bn from a mixture of institutional and high net worth investors. Since its first private equity investment in 1989, Pictet has committed to more than 300 private equity funds.
