# PE firms based in Switzerland (2026 list) > 183 PE firms based in Switzerland, 5% active in the last 12 months. Led by Star Ventures, ACE & Company, Blue Horizon. Ranked by what they funded. Source: https://millionrounds.com/lists/pe-firms-based-in-switzerland (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # PE firms based in Switzerland Updated 7 November 2026 PE firms headquartered in Switzerland. [See all 183 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-based-in-switzerland)The top 25 **183** investors on the list No change this week **18** cheques in 12 months Too few cheques to tell **$15M** median round they joined *+88%* against the market median **5%** wrote a cheque in 12 months **4%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (4) - 1 [Star Ventures](https://millionrounds.com/fund/star-ventures) dormant Growth equity · Switzerland **74** **$15M** median round **May 2012** last seen - 2 [ACE & Company](https://millionrounds.com/fund/ace-and-company) quiet Private equity · Switzerland **53** **$12M** median round **Apr 2019** last seen - 3 [Blue Horizon](https://millionrounds.com/fund/blue-horizon) *Deploying now* Private equity · Switzerland **45** **$5.3M** median round **Sept 2026** last seen - 4 [Aeris Capital](https://millionrounds.com/fund/aeris-capital) quiet Growth equity · Switzerland **33** **$18M** median round **May 2015** last seen - 5 [BB Biotech Ventures](https://millionrounds.com/fund/bb-biotech-ventures) quiet Growth equity · Switzerland **31** **$35M** median round **Feb 2018** last seen - 6 [BioMedPartners](https://millionrounds.com/fund/biomedpartners) quiet Private equity · Switzerland **25** **$16M** median round **Dec 2019** last seen - 7 [Dow Venture Capital](https://millionrounds.com/fund/dow-venture-capital) quiet Growth equity · Switzerland **25** **$12M** median round **Oct 2012** last seen - 8 [Aravis Ventures](https://millionrounds.com/fund/aravis-sa) quiet Private equity · Switzerland **17** **$27M** median round **Mar 2014** last seen - 9 [Nextech Invest](https://millionrounds.com/fund/nextech-invest) *Deploying now* Private equity · Switzerland **15** **$68M** median round **Oct 2026** last seen - 10 [Partners Group](https://millionrounds.com/fund/partners-group) *Deploying now* Private equity · Switzerland **14** **$140M** median round **Oct 2026** last seen - 11 [VINCI CAPITAL](https://millionrounds.com/fund/vinci-capital) quiet Private equity · Switzerland **11** **$7.5M** median round **Sept 2014** last seen - 12 [Adinvest AG](https://millionrounds.com/fund/adinvest-ag) quiet Growth equity · Switzerland **7** **$11M** median round **Mar 2012** last seen - 13 [BZ Bank](https://millionrounds.com/fund/bz-bank) quiet Growth equity · Switzerland **7** **$46M** median round **Dec 2010** last seen - 14 [HBM Healthcare Investments AG](https://millionrounds.com/fund/hbm-healthcare-investments-ag) quiet Private equity · Switzerland **7** **$43M** median round **Nov 2015** last seen - 15 [Invision AG](https://millionrounds.com/fund/invision-ag) quiet Private equity · Switzerland **6** **$8.4M** median round **May 2007** last seen - 16 [Pictet Private Equity Investors S.A.](https://millionrounds.com/fund/pictet-private-equity-investors-s-a) quiet Growth equity · Switzerland **5** **$46M** median round **Nov 2009** last seen - 17 [Blue Earth Capital](https://millionrounds.com/fund/blue-earth-capital) quiet Private equity · Switzerland **4** **$37M** median round **Jul 2025** last seen - 18 [Alpha Associates](https://millionrounds.com/fund/alpha-associates) quiet Private equity · Switzerland **3** **$55M** median round **Jun 2012** last seen - 19 [BB Biotech](https://millionrounds.com/fund/bb-biotech) *Deploying now* Growth equity · Switzerland **3** **$150M** median round **Oct 2026** last seen - 20 [Diamond Capital Company](https://millionrounds.com/fund/diamond-capital-company) quiet Growth equity · Switzerland **3** **$15M** median round **Aug 2005** last seen - 21 [Nextech Venture](https://millionrounds.com/fund/nextech-venture) quiet Growth equity · Switzerland **3** **$41M** median round **May 2011** last seen - 22 [Swiss Life Private Equity Partners](https://millionrounds.com/fund/swiss-life-private-equity-partners) quiet Growth equity · Switzerland **3** **$8.3M** median round **Sept 2010** last seen - 23 [BSI SA](https://millionrounds.com/fund/bsi-sa) quiet Growth equity · Switzerland **3** **$31M** median round **Jan 2011** last seen - 24 [Santo Holding](https://millionrounds.com/fund/santo-holding) quiet Growth equity · Switzerland **3** **$21M** median round **May 2013** last seen - 25 [Astutia](https://millionrounds.com/fund/astutia) quiet Growth equity · Switzerland **2** **$6.3M** median round **Jan 2019** last seen **158 more on this list** All 183 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fpe-firms-based-in-switzerland) ## The Newest Cheques Rounds this list's investors joined most recently - **28** Oct **[ReFly](https://millionrounds.com/company/refly)** Series A · $11M *Led by* [Investa Partners](https://millionrounds.com/fund/investa-partners) - **20** Oct **[Soufflé Therapeutics](https://millionrounds.com/company/souffle-therapeutics)** Series B · $135M *With* [BB Biotech](https://millionrounds.com/fund/bb-biotech) - **13** Oct **[Alaunos Therapeutics](https://millionrounds.com/company/alaunos-therapeutics)** Other · $350M *With* [BB Biotech](https://millionrounds.com/fund/bb-biotech) - **13** Oct **[Scanntech](https://millionrounds.com/company/scanntech)** $180M *Led by* [Partners Group](https://millionrounds.com/fund/partners-group) - **7** Oct **[Matchpoint Therapeutics](https://millionrounds.com/company/matchpoint-therapeutics)** Series B · $150M *Led by* [Nextech Invest](https://millionrounds.com/fund/nextech-invest) - **1** Sept **[Jay&Joy](https://millionrounds.com/company/jay-and-joy)** $118K *With* [Blue Horizon](https://millionrounds.com/fund/blue-horizon) ## Stages This Year 17 rounds - Series B **24%** - Series A **18%** - Other **12%** - Growth **12%** - series_f **6%** - Other **29%** ## What They Backed Sectors, last 12 months - Fintech **4** - Biotech **4** - AI **3** - Pharma **3** - Foodtech **2** - Big Data & Analytics **2** ## Cheques by Quarter Led Joined 8 Q1 25 2 Q2 25 5 Q3 25 3 Q4 25 5 Q1 26 4 Q2 26 2 Q3 26 6 Q4 26 The last bar is the quarter still running. ## Lists Like This - [VC firms based in United States 25,936](https://millionrounds.com/lists/vc-firms-based-in-united-states) - [PE firms based in United States 19,904](https://millionrounds.com/lists/pe-firms-based-in-united-states) - [VC firms based in United Kingdom 2,451](https://millionrounds.com/lists/vc-firms-based-in-united-kingdom) - [VC firms based in China 1,473](https://millionrounds.com/lists/vc-firms-based-in-china) - [VC firms based in India 1,309](https://millionrounds.com/lists/vc-firms-based-in-india) - [VC firms based in Canada 1,211](https://millionrounds.com/lists/vc-firms-based-in-canada) - [VC firms based in Germany 1,186](https://millionrounds.com/lists/vc-firms-based-in-germany) - [PE firms based in United Kingdom 974](https://millionrounds.com/lists/pe-firms-based-in-united-kingdom) - [Incubators and accelerators based in United States 828](https://millionrounds.com/lists/incubators-accelerators-based-in-united-states) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about PE firms based in Switzerland ### Who are the most active PE firms based in Switzerland? By cheques observed, the most active are Star Ventures, ACE & Company, Blue Horizon, Aeris Capital and BB Biotech Ventures. ### How many PE firms based in Switzerland are there? 183 are on record. 5% made an investment in the last 12 months and 4% have led a round. ### Which stages do PE firms based in Switzerland back? Of the rounds with a named stage in the last 12 months, mostly Series B (33%) and Series A (25%). ### How big are the rounds PE firms based in Switzerland join? The typical (median) round among the leading investors here is $21M. ### Which sectors do PE firms based in Switzerland back most? In the last 12 months, mostly Fintech, Biotech and AI. ### Which PE firms based in Switzerland lead the most rounds? Partners Group (4 led), Nextech Invest (3 led) and Blue Earth Capital (3 led). ### What have PE firms based in Switzerland invested in recently? Recent rounds include ReFly (Series A, Oct 2026, with Investa Partners), Soufflé Therapeutics (Series B, Oct 2026, with BB Biotech) and Alaunos Therapeutics (Other, Oct 2026, with BB Biotech). ### How is this list of PE firms based in Switzerland ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)