Pictet Alternative Advisors (“Pictet”) announces the successful final close of Monte Rosa Co-Investments VI (the “Fund”), raising $1.53bn in committed capital [1], significantly exceeding its initial target of $1.0bn. The strong oversubscription underscores sustained investor demand for high-quality co-investment opportunities and reflects Pictet’s leading track record and differentiated capabilities in sourcing and executing such investments.
The Fund is the sixth vintage in Pictet’s private equity co-investment franchise and represents the largest fund raised in the series to date, increasing by more than 50% compared with Monte Rosa Co-Investments V, which closed at $900m in 2023. The Fund focuses primarily on buyout transactions, complemented by selective investments in growth and venture opportunities. It is being deployed over an expected three-year investment period and is targeting a portfolio of approximately 25-30 co-investments across North America and Europe, with selective exposure to Asia. To date, around 40% of committed capital has already been deployed across 14 transactions.
Capital was raised from a diversified global investor base, including insurance companies, pension funds, family offices and private clients across Europe, Asia and North America. The Fund attracted strong support from both existing investors and new clients seeking enhanced access to co-investment strategies.
“The successful close of Monte Rosa Co-Investments VI reflects both the growing demand for co-investments and Pictet’s proven track record in the strategy, with a MOIC [2] of 3.1x across 64 realised co-investments,” said Maurizio Arrigo, Global Co-Head of Private Equity at Pictet Alternative Advisors. “In today’s environment, investors are increasingly seeking direct exposure to high-quality assets. Our longstanding relationships with leading private equity sponsors enable us to source differentiated opportunities and deploy capital selectively and at scale.”
Pictet is a trusted partner to a global network of leading private equity managers, securing advisory board representation across a large majority of its buyout relationships and offering scale, speed of execution and deep investment expertise. This positioning allows the firm to access high-quality deal flow and build diversified portfolios across sectors including technology, healthcare, industrials and consumer.
Pictet has been investing in private equity since 1989, with its first co-investment executed in 1992. Over the past 15 years, Pictet has completed more than 210 co-investments, representing $3.2bn of invested capital.
[1] Total includes two side vehicles of circa $50m each.
[2] Multiple on Invested Capital. Past performance is not indicative nor a guarantee of future results, and there can be no assurance that any current or future Pictet funds, or individual investments, will achieve comparable results. Performance and returns may increase or decrease as a result of currency fluctuations.
Energy revolution: Don’t be lost in transition