Pictet Alternative Advisors has announced the final close of its Environment Co-Investments Fund, securing $253 million in commitments — well above its original $200 million target.
First environmental co-investment vehicle
The fund, Environment Co-Investment Fund I, marks Pictet’s first co-investment vehicle dedicated specifically to environmental themes, building on the firm’s long-standing private equity co-investment franchise. It invests alongside leading private equity managers in companies worldwide, with the bulk of the portfolio split between North America and Europe, targeting businesses at the forefront of addressing critical environmental challenges.
The portfolio spans a diversified mix of strategies, including buyouts, late-stage growth, and select late-stage venture capital deals, with a focus on five core areas:
Roughly 50% of committed capital has already been deployed across eight transactions.
Broad investor base
Capital was raised from a wide range of investors across Europe, Asia, North America, and the Middle East, including insurance companies, pension funds, family offices, and private clients. The fund drew strong support from existing Pictet clients as well as new investors seeking selective, diversified exposure to private markets co-investments.
In today’s market, investors want exposure to high-quality private companies, with greater visibility into the underlying assets and how capital is deployed. The Fund has been very well received by both existing and new investors. It reflects the demand for co-investments and confidence in our ability to access deals and be selective.
Nicolas Thomas, Lead Thematic Private Equity Manager at Pictet Alternative Advisors
Investment approach and sustainability framework
Many companies working on electrification, waste treatment, water, resource efficiency, and environmental services solutions remain privately held. The fund’s co-investment model allows access to these businesses alongside established managers, supporting a highly selective portfolio.
The investment process combines rigorous due diligence with Pictet’s sustainability and environmental assessment framework. The fund complies with Article 8 disclosure requirements under the EU’s Sustainable Finance Disclosure Regulation (SFDR) and targets a minimum of 80% sustainable investments by the end of its investment period, in line with Pictet’s Responsible Investment Policy.
