Adveq said Tuesday that it closed two funds. Adveq Specialized Investments, which will seek private equity investments globally, raised 323 million euros ($362.3 million). Adveq Europe Co-Investments, which targets European small buyout opportunities, collected 102 million euros ($114.4 million). Both funds held their final closings in January.
Zurich, Switzerland / London, UK, February 9, 2016 – Adveq, a leading asset manager investing in private equity globally, today announces the final closing of two of its funds, Adveq Specialized Investments and Adveq Europe Co-Investments, at EUR 323m and EUR 102m, respectively.
Both funds held their final closings in January 2016, attracting interest and support from investors around the world, including pension funds, insurance companies and family offices.
Today’s announcement comes following a strong 2015 for Adveq, marked by record fundraising.
Commenting on the recent closings, Sven Lidén, Chief Executive Officer at Adveq, said: “The private equity industry continues to evolve and it is only by keeping pace with changing dynamics and responding to investors’ needs that we have been able to continue to grow. Adveq’s focus on innovation is clearly illustrated by our Specialized Investments fund which incorporates megatrends analysis, robustness and anti-fragility criteria into the selection process.”
”Our approach to co-investments typifies our agility. We have previously completed a number of co-investments as part of our mandates and other funds and we feel that it is now the right time to offer co-investment opportunities to a wider range of investors through a dedicated fund.”
Adveq Specialized Investments targets private equity investments globally that benefit from positive exposure to long-term fundamental trends (“megatrends”) and that possess specific characteristics which provide them with a high level of robustness and anti-fragility. The fund focuses on actively building, growing and transforming portfolio companies through a mix of specialized strategies, including specialized buyout strategies, turnaround, growth capital and venture capital.
Adveq Europe Co-Investments seeks to build a portfolio of co-investments, predominantly with European small buyout opportunities, alongside a select group of highly active and specialized fund managers. These consist of transformational buyout groups, turnaround fund managers and industry/strategy specialists. The fund targets small buyout companies that have a strong and defendable market position and that have significant value creation potential through revenue growth and business transformation.
Founded in 1997, Adveq is a leading asset manager investing in private equity globally. It offers specialized investment solutions which allow the firm’s clients to access select private market segments through primary, secondary and co-investments.
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, London, Jersey, New York, Beijing, Shanghai and Hong Kong.