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Pictet’s alts platform rakes in over US$1.1B for PE fund-of-funds

10 July 2020
Exterior view of the headquarters of the Pictet private Bank, in Geneva, Switzerland, Monday, May 7, 2012. Pictet & Cie, Switzerland’s largest closely held private bank, said it’s not a target of a U.S. tax- evasion probe after Swiss media suggested the firm may be under investigation. (KEYSTONE/Salvatore Di Nolfi)

Pictet Alternative Advisors (PAA), the alternative investment arm of Pictet Group, has announced the final close of its private equity fund-of-funds Monte Rosa V at US$1.164 billion yesterday. The fifth fund in a series of diversified, multi-manager PE funds, Monte Rosa V will focus on investing in North American and European buyout funds. It will invest to a smaller degree…

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