Private Wealth

Pictet Alternative Advisors secures $1.53b for co-investments

The fund is focused on buyouts and will selectively invest in growth and venture opportunities.

There are fewer allocators competing for a growing pipeline of motivated sellers.

The Swiss asset manager is limiting withdrawals from two of its evergreen funds after they exceeded the 5% quarterly limit.

It has launched a technology fund to invest in AI-focused managers and deals.

Citi plans to hire about 100 private bankers globally.

Private markets are inherently illiquid.

About 72% of those set to inherit assets in APAC are looking first to professionals for support.

Top quartile and bottom percentile funds have quite large return dispersion.

Retail and institutional capital can be complementary rather than competitive.

The deal includes a potential upfront payment and an earn-out of up to A$50 million tied to performance..