– Pictet Alternative Advisors closed Environment Co-Investment Fund I with USD 253 million in commitments, exceeding its USD 200 million target.
– The fund is Pictet’s first dedicated environmental co-investment vehicle, building on its long-standing private equity and co-investment platform.
– The strategy will co-invest alongside leading private equity managers in environmental businesses, primarily across North America and Europe, spanning buyout, late-stage growth, and selective late-stage venture investments.
– The portfolio focuses on greenhouse gas reduction, pollution control, circular economy, sustainable consumer, and enabling technologies, with around 50% of committed capital already deployed across eight transactions.
– The co-investment strategy combines financial due diligence with Pictet’s proprietary sustainability framework, complies with SFDR Article 8, and targets at least 80% sustainable investments by the end of the investment period.
– Nicolas Thomas, Principal Thematics Private Equity at Pictet Alternative Advisors: “We saw strong backing for this fund from both existing and new investors. That reflects demand for co-investments, but also confidence in our ability to access deals and be selective. In the current market, investors want exposure to high-quality private companies, with greater visibility on the assets underneath and how capital is being deployed.”
