Global asset manager Adveq‘s Adveq Secondaries II fund closed above its $150 million target, reaching its hard cap of $175 million. The vehicle will continue the strategy of its predecessor fund, Adveq Secondaries C.V. investing in opportunities across a broad range of investment stages, including small and midsize buyout opportunities, development capital, seed/early-stage venture capital and special situations.
Adveq, a leading asset manager investing in private equity and real assets globally, today announces that Adveq Secondaries II closed above its USD 150 million target, reaching its hard cap of USD 175 million.
Adveq Secondaries II, held its final close on September 30, 2013. The fund’s investors are pension funds, insurance companies and family offices across the world.
Adveq Secondaries II seeks to continue the strategy of its predecessor fund, Adveq Secondaries C.V., by selectively executing sub-radar transactions. It globally pursues opportunities across a broad range of investment stages, including small and midsize buyout opportunities, development capital, seed/early-stage venture capital and special situations.
Like its predecessor fund, Adveq Secondaries II takes an analytical bottom-up approach to executing secondary transactions in order to build a well diversified portfolio with strong underlying company fundamentals.
Sven Lidén, Chief Executive Officer at Adveq, said:
“At Adveq we are big believers in the value of sub-radar secondary transactions. The expertise of our global team allows us to target those single line sales or small portfolios, typically from smaller funds, which only a few potential buyers with deep insights can access. The great deal of interest that Adveq Secondaries II has received since its launch shows that investors mirror this view.”
Founded in 1997, Adveq is a leading asset manager investing in private equity and real asset funds globally. It offers specialized investment solutions which allow the firm’s clients to access select private market segments globally. To date, Adveq has invested in more than 400 funds on behalf of its clients and generated consistent returns throughout economic cycles. Adveq’s client base comprises institutional investors such as pension funds, insurance companies, family offices and other financial institutions located in Europe, North America and the Asia-Pacific region. Many of Adveq’s investors are repeat, long-term clients with whom the firm has developed a role as a trusted partner for private market investing. Adveq has offices in Zurich, Frankfurt, New York, Beijing, Shanghai, Hong Kong and London as well as a representative office in Sydney.
Head of Marketing and Communications
Tel.: +41 (0)58 445 55 30
Marina Jané Sánchez (on behalf of Adveq)
Tel.: +44 (0)207 307 5326
For more information on Adveq: www.adveq.com