Gabert oversees Pictet’s real estate investments managed under its private equity segment, with total assets under management of over US$3 billion ($3.89 billion), diversified across all vintages, sectors and geographies. Pictet’s real estate multi-manager franchise has active allocation with over 50 general partners, in turn, channelled into more than 100 real estate investments holding stakes in more than 2,500 underlying real estate assets.
For Laurent Gabert, the fascination with real estate is an easy one. Unlike many other instruments, it is not an asset class that exists merely to generate paper gains. It is embedded in the daily lives of people, companies, governments and society. For him, real estate generates recurring rental income, as well as capital gains when value is realised through a sale.
As head of real estate and infrastructure at Pictet Alternative Advisors, Gabert’s approach is to find local partners or investment managers who can help identify assets to own, improve their attractiveness, and generate more value for the economy, tenants and stakeholders.
