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Switzerland has long been a magnet for global capital, and it's easy to see why private equity thrives here. The country pairs political stability with a deep bench of international talent and a long-standing tradition of investor protection, backed by one of Europe's most established financial centers. Add a central location in Europe, an attractive tax environment, and a reputation for discretion and reliability, and it's clear why so many private equity firms choose to build and grow their presence here. That combination of stability, opportunity, and connectivity is what keeps drawing PE firms to Switzerland.
1. Julius Baer
Overview: Julius Baer is a leading Swiss private banking and wealth management firm with roots dating back to 1890. Publicly traded on the SIX Swiss Exchange, it manages approximately USD 596.7 billion in assets. The firm is known for its long-term client relationships, personalized advisory services, and strong research capabilities across macroeconomics, equities, fixed income, currencies, and thematic investing.
Focus: The bank focuses on serving sophisticated private clients worldwide, with an emphasis on wealth preservation, accumulation, and intergenerational planning. It develops thematic investment strategies targeting structural growth trends and maintains a culture centered on prudence, risk management, and capital strength. In recent years, it has also emphasized operational efficiency and digital transformation to enhance profitability.
2. Mirabaud Group
Overview: Mirabaud is a Swiss private banking and financial services group founded in 1819 and headquartered in Geneva. It remains principally family-owned and operates across wealth management, asset management, and securities brokerage for private and institutional clients. The group manages assets of approximately USD 39.9 billion and has a global presence with offices in numerous countries.
Focus: Mirabaud emphasizes highly personalized wealth management, offering discretionary portfolio management, advisory, wealth planning, and private asset solutions. Its asset management arm pursues active, high-conviction strategies across equities, fixed income, and private assets, integrating sustainable investing principles. The firm also prioritizes long-term client relationships, independence, and strong local market understanding.
3. Amundi Alpha Associates LTD
Overview: Alpha Associates is a Zurich-based specialist in private markets multi-manager solutions that has since been integrated into Amundi's platform as "Amundi Alpha Associates." It is authorized by Swiss financial regulators and provides funds-of-funds and customized private equity, private debt, and infrastructure solutions to institutional investors, managing approximately USD 8.5 billion in assets. Its multi-manager platform combines Alpha Associates' established Swiss capabilities with Amundi's broader scale.
Focus: Amundi Alpha Associates focuses exclusively on private markets, namely private equity, private debt, infrastructure, and related alternatives, using multi-manager approaches to build diversified allocations. It delivers both standardized fund-of-fund products and bespoke managed accounts tailored to clients' risk, return, and liquidity requirements. The aim is to harness complementary manager expertise and deliver scalable exposure to private markets.
4. Capvis AG
Overview: Capvis is a Swiss private equity firm founded in 1990 and based in Baar. It has executed dozens of transactions and deployed several billion euros in capital, and currently manages approximately USD 4.11 billion in assets. Over the years it has evolved from a spinout of Swiss banking to a fully independent PE firm with a strong reputation in the German-speaking European mid-market.
Focus: Capvis aims to build regional and global niche champions across industrial technology, advanced services, healthcare, software, and manufacturing. It focuses on the mid-market, typically investing in companies with enterprise values between €30 million (approximately USD 32 million) and €300 million (approximately USD 324 million). Capvis usually seeks majority control or succession/spin-out opportunities, working closely with management to drive strategic growth, operational improvements, and sustainable long-term value.
5. Ufenau Capital Partners AG
Overview: Ufenau Capital Partners is a privately owned investment firm founded in 1992 and headquartered in Pfäffikon, Schwyz. It advises private investors, family offices, and institutional investors on private equity investments, managing approximately USD 3.5 billion in assets. The firm has completed more than 460 transactions through its Systematic Buy-and-Build approach, pursuing an active value-adding investment strategy on eye level with entrepreneurs and management teams.
Focus: Ufenau invests exclusively in asset-light service companies across the DACH region, Iberia, Poland, Benelux, and the UK, with sector expertise in business services, education and lifestyle services, healthcare services, IT services, and financial services. It typically targets companies with revenues between €10 million and €150 million, deploying €3 million to €15 million per transaction to support management buyouts, consolidations, divestitures, and succession planning.
6. Moravia Capital
Overview: Moravia Capital is an independent advisory and investment firm that was established around 2000 and manages approximately USD 3.1 billion in assets. It operates across multiple countries and supports alternative asset managers and investors globally. Its business spans advisory, private equity fund placement, structured solutions, co-investment, and direct investments.
Focus: Moravia Capital designs tailored private markets solutions for institutional investors, family offices, and fund sponsors. Its offerings include fund-of-funds, discretionary and non-discretionary mandates, direct private equity investments, and structured products. Typical mandates often fall in the range of €50 million (approximately USD 54 million) to €500 million (approximately USD 540 million), depending on the investor's profile. The firm emphasizes risk management, alignment of interests, and bespoke structuring, while leveraging deep relationships with both general partners and limited partners.
7. Symbiotics
Overview: Symbiotics is the leading market access platform for impact investing in private markets across emerging and frontier economies. Founded in 2004 and headquartered in Geneva, with additional offices in Cape Town, London, Zurich, Mexico City, and Singapore, the firm manages approximately USD 2.5 billion in assets and has originated more than USD 11.5 billion in investments since inception.
Focus: Symbiotics focuses on microfinance, SME finance, social housing, sustainable agriculture, and energy efficiency, delivered through private debt and equity impact strategies in emerging and frontier markets. The firm partners primarily with financial institutions that serve underbanked populations, prioritizing measurable social and environmental outcomes alongside financial return.
8. HBM Healthcare Investments Ltd.
Overview: HBM Healthcare Investments is a permanent capital investment company listed on the SIX Swiss Exchange, founded in 2001 by Henri Bernard Meier and headquartered in Zug. Managed by FINMA-regulated HBM Partners, the firm manages approximately USD 2.47 billion in assets across a globally diversified portfolio of private and public healthcare companies.
Focus: HBM concentrates on human medicine, biotechnology, medical technology, and diagnostics, blending private and public healthcare holdings worldwide. The firm targets entrepreneurial biopharma, medtech, and diagnostics companies with strong science and commercial potential, typically investing between USD 5 million and USD 50 million per company, and has a track record of more than 60 trade sales and IPOs.
9. Montana Capital Partners
Overview: Montana Capital Partners (MCP) is a Swiss-based manager founded in 2011 and regulated by FINMA, specializing in secondary private equity for the mid-market in Europe and North America, with approximately USD 2.36 billion in assets under management. It has closed multiple funds at hard caps, completed over a hundred transactions, and built relationships with hundreds of general partners.
Focus: MCP provides liquidity solutions in the private equity secondary market, including the purchase of LP stakes and structuring GP-led continuation vehicles. It specializes in bespoke solutions for both sellers and fund managers. The firm typically targets deal sizes in the range of €40 million (approximately USD 43 million) to €80 million (approximately USD 86 million), seeking risk-adjusted returns through proactive sourcing and tailored structuring.
10. Petiole Asset Management AG
Overview: Petiole Asset Management is a FINMA-licensed boutique asset manager headquartered in Zurich with nearly two decades of experience in private markets, managing approximately USD 2.3 billion in assets. The firm provides institutional and qualified investors with exclusive co-investment access in private equity, real estate, and private credit through a digital-first platform.
Focus: Petiole partners with established private market sponsors to offer co-investments and feeder funds, helping clients build diversified portfolios across geographies, asset classes, and managers. The firm targets qualified investors seeking diversified private market exposure, with a minimum initial investment of USD 150,000 and tailored proposals built through a streamlined digital onboarding process.
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