Pictet Alternative Advisors launches first thematic private equity fund

Will hold 20-25 'best in class' funds

Pictet Alternative Advisors (PAA), the Pictet Group's alternative investment business line, has launched its first thematic private equity fund which focuses on technology investments.

The Pictet Thematic Private Equity - Technology fund will invest in 20 to 25 best in class funds globally and target up to 20 direct or co-investments in private companies over an investment period of three to four years. Pictet AM adds higher risk/return fund to total return range PAA said the fund will take advantage of the ongoing "irreversible trends" in the digital transformation of the global economy and its impact on society, global and local economies. Pierre Stadler, head of thematic private equity, said technology remained a fertile sector. "We are still in the early s...