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Pictet
Pictet Alternative Advisors said yesterday that it has held the final close of Monte Rosa Co-Investments VI, raising $1.53 billion in committed capital and beating its initial $1 billion target.

Insurance companies, pension funds, family offices and private clients across Europe, Asia and North America were among the investors. 

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 per cent compared with Monte Rosa Co-Investments V, which closed at $900 million in 2023, Pictet said in a statement. The fund mainly concentrates on buyout transactions, complemented by selective investments in growth and venture opportunities. 

Capital in the fund is being deployed over an expected three-year investment period; Pictet is targeting a portfolio of approximately 25 to 30 co-investments across North America and Europe, with selective exposure to Asia. To date, around 40 per cent of committed capital has already been deployed across 14 transactions.