Pictet Alternative Advisors (“Pictet”) has announced the final close of Pictet Private Equity Entrepreneur Capital I (“Entrepreneur Capital” or the “Fund”), its first direct private equity strategy, at €403m. The LP base includes foundations, pension funds, institutional family offices and entrepreneurs.
Through Entrepreneur Capital, Pictet invests in lower mid-market, founder- and family-owned businesses in DACH and the UK. The Fund has a thematic focus on sub-sectors in B2B Services and Education that benefit from long-term growth tailwinds.
The team partners with founders and management teams on value creation through investment in technology transformation, expanded go-to-market capabilities to drive organic growth, and ‘buy and build’ scale-up strategies.
Since its inception the Fund has already completed five investments, including:
- Pareto FM: a UK-focused technical services provider, where the focus is on deepening the technical offerings for customers via investment in operational expertise and an already completed acquisition.
- Technology Services Group (TSG): a UK-based Microsoft-ecosystem Managed Services Provider with strong recurring revenues and digital transformation demand, and significant further growth potential both organically and via add-ons.
- QGroup: a founder-led German cyber-security services business, well positioned to scale existing services, innovate new solutions, and selectively acquire complementary businesses to accelerate service and geographical expansion.
- Tretor: a Liestal/Basel based accounting firm, which is a cornerstone investment and first step in a buy and build strategy aimed at creating Switzerland’s leading SME-focused accounting services platform, that combines the best of locally rooted firms with state‑of‑the‑art technology and central resources.
Edmund Buckley, Head of Direct Private Equity at Pictet Alternative Advisors, said: “The successful closing of our first fund marks an important milestone for direct private equity at Pictet. We’ve seen how our approach – thematic sector based deal origination coupled with partnering closely with founders, families, and management teams – can help strong companies embrace transformation and accelerate growth.”
Source