Pictet Group’s alternative investment business, Pictet Alternative Advisors, has launched a European Long-term Investment Fund (ELTIF) focused on co-investments in environmental technology. Pictet Private Assets SICAV will target 20-25 investments originated through Pictet’s network of more than 90 active relationships with private equity (PE) managers, spanning from established generalists to sector specialists. Classified as Article 8 under the Sustainable Finance Disclosure Regulation, the fund will seek attractive investment opportunities across five fast-growing segments: greenhouse gas reduction; sustainable consumer; pollution control; the circular economy; and enabling technology. It will follow a co-investment approach, taking minority positions alongside PE firms globally. Led by Pierre Stadler, Head of Thematics PE, and Nicolas Thomas, Thematics Principal, the vehicle will implement the Stockholm Resilience Centre’s Planetary Boundaries scientific framework into its investment approach. “Since Earth has transgressed six of the nine boundaries, putting humanity ‘well outside of the safe operating space’, private capital is required accordingly to catalyse investments in the technologies and solutions to avoid, mitigate, or reverse the damage being done,” Pictet said in a statement, adding that the current penetration rate of environmental technologies was still low but would grow exponentially, with attractive investment prospects and a projected market size of US$12 trillion by 2030. “With so much innovation in private companies, and specifically those focused on addressing environmental challenges, we see significant value being created in this theme,” said Stadler. “As the transition to a more sustainable world constitutes one of the greatest challenges societies have ever faced, companies providing environmental solutions could generate significant financial returns and above-average long-term growth.”
Pictet launches ELTIF focused on private equity co-investments in environmental technology
— Pictet Group (@PictetGroup) April 22, 2024
