Private Debt

Our global multi-manager strategy provides an effective solution for those seeking diversification across managers, regions and vintages while allowing us to retain an opportunistic approach to portfolio construction. We generate returns from a diverse mix of sub-strategies that covers the entire spectrum of alternative credit such as direct lending, corporate special situations, restructuring and distressed. Investing across vintages allows investors to build all-weather exposure to the private debt asset class and benefit from asset allocation over a credit cycle.

Understanding each manager’s investment process, idea generation and approach to due diligence when underwriting credit risk is fundamental to the manager selection process. We invest in proven managers who have stood the test of time across different cycles and whose track records pass the keenest scrutiny.

Direct investment in private debt gives Pictet clients access to an investment philosophy based on first-principles credit selection and careful portfolio construction with a focus on Europe’s attractive lower middle market. Our extensive network and local expertise deliver a range of proprietary off-market deals that offer attractive risk-return profiles.

We believe in strong, mutual partnership, providing bespoke, flexible capital structures to our investee companies. Our partnership approach ensures corporates and private equity sponsors can rely on our deep sectoral expertise, speed of execution and an ability to structure solutions that drive operational, strategic and ESG improvements. We are long-term partners for growth in the businesses in which we invest, usually as the sole lender, offering strategic and operational guidance. Our strong ESG ethos is consistent with a long-term view on sustainability and its inherent place in value creation.