Adveq expands team and opens German office

Adveq, the Zurich-based funds-of-funds specialist, has recently announced the appointment of Graeme Scott Johnson as managing director and head of business development. Johnson will join Adveq from LGT Capital Partner, where he was head of sales and marketing, and before that held a senior position with AXA Investment Managers. A Canadian citizen, he holds a BA from the University of Western Ontario and an MBA from the Harvard Business School. The group has also unveiled plans to open its first office in Germany in the New Year. Adveq Management (Germany) GmbH will have its office in Frankfurt; the search for a suitable location is presently underway. According to Bruno Raschle, founder and managing director of Adveq Group, the new office has been opened to serve better the firm’s growing German investor base and will be responsible for the management of PEEUP II Beteiligungs GmbH, which held a first close in November this year on EUR 125m. In response to the market downturn, the main fund, PEEUP II LP, has been redesignated a 2001 vintage vehicle and now expects to hold a final close on EUR 250m - some EUR 50m below its initial target - in December 2001. A similar investment entity to allow investment by German institutions into US-based funds is planned later in the year. The new office will initially be staffed by Peter Laib, a former Principal at AT Kearney, and Antonio Perez; further recruitment is anticipated to take place during the first half of next year. Adveq is also presently raising capital for its third high-technology fund-of-funds, which is focused on opportunities in the US. Private Equity Technology Partners III has a target capitalisation of $350m and expects to hold an interim close later this year in the order of $270m. According to Raschle, the group has successfully raised over EUR 400m from investors this year, bringing the total assets under management by the group to over EUR 1bn.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• GPs
• DACH