Pictet Alternative Advisors (Pictet AA), the alternative investment division of the Swiss Pictet Group, through its direct private equity investment team, has announced a strategic partnership with QGroup, a German company specializing in cybersecurity solutions and the development of proprietary security technologies for highly critical environments. Pictet AA becomes a long-term strategic shareholder in the company.
Founded in 1993, QGroup is a recognized provider of cybersecurity architectures, incident response services and secure models worldwide, serving clients with the highest security requirements, particularly in critical infrastructure, government and public sector organizations, as well as private environments and sensitive industries. Its market is experiencing strong growth driven by constant cyber threats, increasingly demanding legal frameworks and complex regulatory requirements, together with growing customer awareness.
The management team, including Thomas Blumenthal, Melanie Blumenthal and Daniel Persch, will retain significant shareholdings and will continue to lead the company.
Nikolaus Hubmann, Head of Direct Private Equity at Pictet Alternative Advisors, stated: “QGroup brings decades of experience in high-security development and solutions in a market driven by technology and research, with genuine quality and reliability, and is very well positioned in highly sensitive client environments.”
Thomas Blumenthal, founder and CEO of QGroup, commented: “Our responsibility is to our clients and their security, and in Pictet we have found a partner who shares this vision and with whom we can strengthen our impact without compromising our identity or values in a sustainable, long-term way.”
Pictet Alternative Advisors (PAA) is an independent unit of the Swiss Pictet Group that manages investments in private equity, private debt, real estate and hedge funds for private and institutional clients. It employs 200 specialists and, as of September 2025, managed USD 52 billion in assets, of which USD 30 billion was in private equity. Its direct private equity team focuses on acquiring majority stakes in family- and entrepreneur-led companies with proven resilience and high growth potential.
The Swiss Pictet Group has been investing in private equity since 1989. It is a partnership of owner-managers with succession and ownership principles unchanged since its founding in 1805. It exclusively provides wealth management, asset management, alternative investment solutions and related services. It does not engage in investment banking or commercial lending. With USD 926 billion in assets under management or custody as of 30 September 2025, it is one of Europe’s leading independent wealth and asset managers. Founded and headquartered in Geneva, Switzerland, the Group employs 5,500 people across 31 offices in Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, Lisbon, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, New York, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich
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