Pictet Alternative Advisors raises $815m

The investment specialist raises two and a half times more than its predecessor fund.

Monte Rosa IV has held a final close on $815 million. The multi-manager fund of funds primarily targets buyout funds in North America and Europe. Around 20 percent of the fund will be invested in co-investments and secondaries transactions.

The firm closed its third Monte Rosa fund in 2015, raising two and a half times less capital than Monte Rosa IV.