Pictet Alternative Advisors has announced the final close of Pictet Private Equity Entrepreneur Capital I, its first direct private equity strategy, at €403m. The LP base includes foundations, pension funds, institutional family offices and entrepreneurs.
Through Entrepreneur Capital, Pictet invests in lower mid-market, founder- and family-owned businesses in DACH (Germany, Austria, and Switzerland) and the UK. It says the fund has a thematic focus on sub-sectors in B2B Services and Education that benefit from long-term growth tailwinds.
The team looks to partner with founders and management teams on value creation through investment in technology transformation, expanded go-to-market capabilities to drive organic growth, and ‘buy and build’ scale-up strategies.
Since its inception the fund has already completed five investments spanning operations, cyber security, and accountancy.
