Adveq secondaries fund hits $175m hard-cap
Adveq has closed its Secondaries II fund on its hard-cap of $175m, above its $150m target.
Investors
The fund received commitments from pension funds, insurance companies and family offices globally.
Investments
The fund will continue to invest according to the strategy of Adveq's previous secondary vehicle, selecting "sub-radar" transactions. Adveq defines sub-radar deals as single-line sales or small portfolios, typically from smaller funds, that can only be accessed by a limited number of potential buyers.
The fund will seek to buy up secondary stakes globally across a range of investment stages including small and mid-sized buyouts, development capital, seed and early-stage venture capital and special situations.
The new fund will aim to build a diversified portfolio of assets and employ a bottom-up analysis when considering potential secondary transactions.
People
Sven Lidén is CEO of Adveq.
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