Adveq, the Swiss headquartered private equity fund of funds investment management company, today announced the successful closing of Adveq Opportunity II with commitments of USD 457.5 million. In addition, the company announced that it has completed its registration with the US Securities and Exchange Commission (SEC).
Adveq Opportunity II, the second fund of funds in Adveq's Opportunity Program, reached its final close in May 2008 having raised USD 457.5 million and exceeded its original target. The
Opportunity Program was set up in May 2005 to pursue special and unique investment strategies outside the traditional private equity sectors of venture capital and buyouts in the
Adveq also announced today that it has completed its registration with the US Securities and
Exchange Commission (SEC) as investment adviser under the US Investment Advisers Act of
Bruno E. Raschle, Managing Director of Adveq, said: “Following the opening of our
September 2007 and the opening of the
investment adviser with the SEC is an important milestone in Adveq's continued growth and
development as a global investment management company. It will significantly enhance our
capability to grow continuously our business internationally in terms of both raising and investing
In addition, Adveq has promoted the three senior executives Philippe Bucher, Nils Rode, and Lee Gardella to Managing Director and has appointed Kang Pan to Executive Director.
Philippe Bucher (35) joined Adveq in 2005. He brings ten years of professional experience
including working as an auditor of financial services companies at Arthur Andersen and in
corporate finance at PriceWaterhouseCoopers.
Nils Rode (38) joined Adveq in 2005. Prior to that, Nils worked as a Vice President with a US-based Private Equity backed IT and telecommunications company. From 1995 to 2002, he was a management consultant with McKinsey & Company and from 1992 to 1995 Nils worked in the equity fund management business at Deutsche Bank's DWS Investments. Nils was a software entrepreneur from 1983 to 1992.
Lee Gardella (41) joined Adveq in 2007. Before that, he was a Managing Director leading the
Private Markets Group for CTC Consulting, Inc., the family office investment advisory subsidiary of US Trust Company in
Kang Pan (42) joined Adveq earlier this year. Before, Kang was Head of Business Development
Bruno Raschle, Managing Director of Adveq, said: “These appointments come at an important
time in Adveq's development, bringing a broad range of experience and expertise to the firm.
Philippe, Lee, Nils and Kang have already made significant contributions to our business and are valuable additions to the existing management team.”