Pictet Group raises over USD 200m for thematic private equity Technology Fund II

– Pictet Alternative Advisors (PAA) has announced the final close of the second vintage of its technology-focused thematic private equity fund at more than USD 200 million.

– Managed by Stanislas Chanavat, Chuang Zhu CFA, Nicolas Schwyn, and Jacqueline Xu.

– The Technology strategy focuses on high-conviction investment opportunities in:
– Enterprise software
– Data & AI
– Cybersecurity
– Fintech

– The second vintage will continue this proven strategy by:
– Supporting global venture capital, growth equity, and buyout technology fund managers.
– Constructing a diversified portfolio of promising primary funds.
– Selecting the most attractive co-investments alongside these managers.

– Stanislas Chanavat, Principal Thematics – Private Equity at PAA, commented:
– The launch of the second fund at the end of 2022 coincided with:
1. A sharp correction in asset prices, offering better entry valuations.
2. The emergence of ChatGPT, highlighting the transformative effect of AI.

– Pictet’s thematic private equity franchise has raised over USD 1 billion from institutional and high net worth investors.

– Since 1989, Pictet has committed to more than 300 private equity funds.

– Pierre Stadler, Head of Thematics – Private Equity at PAA, highlighted:
– The success of the thematic range is due to the strength of specialist investment teams and relationships with top-tier GPs.
– Technology was the first dedicated thematic strategy, with continued excitement about innovation and growth in portfolio companies.