Pictet Private Assets SICAV - (subfund) Environment Co-Investment Fund I ELTIF

Pictet Private Assets SICAV - (subfund) Environment Co-Investment Fund I ELTIF is a closed-end subfund of a Luxembourg SICAV umbrella, managed by Pictet Asset Management (Europe) S.A. and launched in 2024. It is structured as an ELTIF under the ELTIF 1.0 regime and authorised as a UCI Part II vehicle in Luxembourg, which allows pan-European distribution to both professional and eligible retail investors. The strategy is private equity, specifically buyout, pursued through co-investments alongside sponsors in environment-related businesses, and the subfund is classified Article 8 under SFDR with a summary risk indicator of 6.

Mechanically, the vehicle works on drawdown and distribution logic rather than dealing liquidity: capital is committed during a defined offer window and returned as underlying holdings are realised, so investors should assume the position is held to the end of the fund term. Dealing terms in the published data set do not indicate ongoing subscription or redemption windows, notice periods, or a recurring NAV cycle, consistent with the closed-end format. The reporting currency is EUR, and the minimum ticket of 10,000 EUR sets the entry point at a level accessible to the semi-professional and retail segments that ELTIF 1.0 vehicles were designed to reach.

For positioning, the subfund is one of 163 private equity funds and one of 347 Luxembourg-domiciled funds in a universe of 494 vehicles tracked as of 31 Aug 2026, narrowing to 117 funds that share both its asset class and domicile. Reported assets of and the direction of travel shown by can be read against that peer set to gauge where the subfund sits in its cohort at this stage of its life.