Pictet raises over €400m for first direct private equity strategy
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.”
Note to Editors
About Pictet Group & Pictet Alternative Advisors
The Pictet Group is a partnership of owner-managers, with principles of succession and transmission of ownership that have remained unchanged since foundation in 1805. It offers only wealth management, asset management, alternative investment solutions and related asset services. The Group does not engage in investment banking, nor does it extend commercial loans.
With CHF 757 (EUR 813, GBP 710, USD 955) billion in assets under management or custody as at 31 December 2025, Pictet is today one of the leading Europe-based independent wealth and asset managers for private clients and institutional investors.
Founded and headquartered in Geneva, Switzerland, Pictet today employs around 5,500 people. It has 31 offices worldwide, in Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, Lisbon, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, New York, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich.
Pictet Alternative Advisors (PAA) is an independent unit within the Pictet Group that manages investments in private equity, private debt, real estate assets and hedge funds for both private and institutional clients. Pictet manages USD 54 billion in alternative strategies, with USD 31 billion in private equity (as at 31 December 2025). Having invested in private equity since 1989, PAA’s Direct Private Equity team is focused on buying majority stakes in entrepreneur-led and family-owned businesses with proven resilience and high growth potential.
