Schroders has acquired Adveq, a Swiss private equity-focused asset manager. No financial terms were disclosed. As a result of the deal, Adveq has been renamed Schroder Adveq. Also, Stephen Mills has been named executive chairman of the Schroder Adveq board.
31 July 2017
Schroders is today announcing the completion of the acquisition of Adveq, a leading asset manager investing in private equity globally.
The acquisition, which was announced on 20 April 2017, has now received approval from the regulators. Adveq has been renamed Schroder Adveq.
The acquisition of Adveq accelerates the growth of Schroders private assets business, with more than $7 billion of client commitments, complementing existing capabilities and expertise in the real estate and infrastructure finance sectors.
Sven Lidén, CEO of Schroder Adveq commented:
“We are pleased to have received such a high level of support from our clients and other stakeholders for our partnership with Schroders.
Schroder Adveq, as we are now known, remains committed to delivering the strong investment performance and high quality client service that investors have come to expect from our team over the 20 years since we first launched.”
Stephen Mills has joined the Schroder Adveq board as Executive Chairman. Bruno Raschle, founder of Schroder Adveq, remains on the board in a new capacity of non-executive Vice Chairman.
Headquartered in Switzerland, Schroder Adveq employs over 100 people around the world. Adveq’s clients include some of the largest and most highly regarded institutional investors and pension funds in Switzerland and Germany. In recent years, Adveq has also successfully established a premium client base in the US and other international markets.
Founded in 1997, Schroder Adveq is a leading asset manager investing in private equity globally and following completion of the acquisition is a wholly owned subsidiary of Schroders plc. It offers specialised investment solutions which allow the firm’s clients to access select private market segments through primary, secondary and direct/co-investments.
Schroder 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 investors of Schroder Adveq are repeat, long-term clients with whom the firm has developed a role as a trusted partner for private market investing.
Schroder Adveq has offices in Zurich, Frankfurt, London, Jersey, New York, Beijing, and Hong Kong.
Further information about Schroder Adveq can be found at www.schroderadveq.com.