
Adveq closes funds on €323m and €102m
Swiss fund-of-funds manager Adveq has held final closes for two of its vehicles, reaching €323m for its Adveq Specialized Investments fund and €102m for its Adveq Europe Co-Investments vehicle.
Both funds held their final closings in January 2016. Adveq's previous vehicle, Secondaries II, closed on its hard-cap of $175m in September 2013.
Investors
At the time of publication, unquote" was still waiting on information regarding investors in both funds. In its press release the GP stated that global investors including pension funds, insurance companies and family offices invested across both funds.
Investments
For the specialised fund, Adveq seeks to apply a mix of strategies, including specialised buyout strategies, turnaround deals, growth capital and venture capital.
With the co-investment vehicle, Adveq hopes to build a portfolio of co-investments in small European companies with value creation potential through revenue growth and business transformation. Adveq will invest alongside other fund managers, for example transformational buyout groups, and turnaround fund managers, as well as industry and strategy specialists.
People
Adveq – Sven Lidén (CEO)
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