CHF 172 million for growth start-ups
Following the first closing of the Swisscanto (CH) Private Equity Switzerland Growth II fund, managed by Zürcher Kantonalbank, investment activities will now commence. The majority of the investments will flow into companies based and operating in Switzerland.
Zürcher Kantonalbank announced the first closing of its second Swiss Growth Fund. In the eight months since the start of the capital raising process, capital commitments of CHF 171.65 million have been secured. Zürcher Kantonalbank is a strong anchor investor with a deposit of CHF 25 million. In total, 45 investors have been attracted.
With the first closing, investment activities in unlisted Swiss and European growth companies will now commence. The focus is on direct investments in Swiss companies with innovative technologies and scalable business models in the areas of health, industry, and information and data services.
The final closing is expected to take place at the end of October 2026. Until then, the fund will remain open to qualified investors with a long-term investment horizon and suitability for illiquid positions.
Swiss Growth Fund II is the third programme within the private markets initiative of Zürcher Kantonalbank’s asset management division. In addition to Swiss Growth Fund I, which has already been closed, the global decarbonisation fund specialising in decarbonisation solutions was also successfully closed at the end of October 2024.
‘With a total volume under management of nearly CHF 500 million across three private equity programmes and a continuously growing team, we are further expanding our position in the areas of Swiss growth companies and decarbonisation solutions,’ says Iwan Deplazes, Head of Asset Management at Zürcher Kantonalbank.
(Press release / SK)