Pictet Closes $200M Tech-Focused Private Equity Fund, Capitalizing on…

Team S · 2024-09-30T08:01:38.000Z

Pictet Alternative Advisors has successfully closed its second vintage technology-focused private equity fund, raising over $200 million. This fund targets key segments in enterprise software, data & AI, cybersecurity, and fintech, aiming to build a diversified portfolio of promising primary funds and co-investments. Launched in late 2022, the fund is well-positioned to benefit from attractive entry valuations due to market corrections and the transformative potential of AI highlighted by ChatGPT's emergence. With this latest addition, Pictet's thematic private equity franchise has now raised over $1 billion from institutional and high net worth investors, showcasing strong interest in their technology-focused investment strategy https://funds-europe.com/pictet-raises-200m-for-thematic-private-equity-technology-fund-ii/

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Pictet Closes $200M Tech-Focused Private Equity Fund, Capitalizing on… | Newnex