HiPco single-walled carbon nanotubes (SWNTs) have been sidewall-functionalized with phthalocyanine addends following two different approaches: a straightforward Prato reaction with N-octylglycine and a formyl-containing phthalocyanine, and a stepwise approach that involves a former Prato cycloaddition to the double bonds of SWNTs using p-formyl benzoic acid followed by esterification of the derivatized nanotubes with an appropriate phthalocyanine molecule. The two materials obtained by these routes comprise different carbon/Pc-addenda ratios, as evidenced by Raman, TGA, and photophysical studies. The occurrence of electron transfer from photoexcited phthalocyanines to the nanotube framework in these ZnPc-SWNT ensembles is observed in transient absorption experiments, which confirm the absorption of the one-electron oxidized ZnPc cation and the concomitant bleaching of the van Hove singularities typical from SWNTs. Charge-separation (i.e., 2.0 x 1010 s(-1)) and charge-recombination (i.e., 1.5 x 106 s(-1)) dynamics reveal a notable stabilization of the radical ion pair product in dimethylformamide.