Pictet raises $362m for its second flagship real estate co-investment vehicle

Pictet Alternative Advisors (PAA), the Pictet Group’s wholly owned alternative investment business, has announced the final close of its second flagship real estate co-investment fund at $362 million, exceeding its target size of $300 million.

The Monte Rosa Properties II fund, like its predecessor, offers exposure to global private real estate markets across all sectors, leveraging the team’s broad network of best-in-class managers. With a high conviction, thematic approach, the portfolio will comprise 15 to 20 co-investments, with the possibility to add secondary transactions. Return generation will focus mostly on capital appreciation and value creation (value-add/opportunistic profile), with a minor contribution from the income-based component.

Monte Rosa Properties II seeks to benefit from the macrotrends that are reshaping the real estate markets, capturing the upside potential in niche and targeted sectors. With this approach, the portfolio will focus mainly