Private equity asset manager Adveq has held a final close of two new funds – Adveq Specialized Investments at €323 million and Adveq Europe Co-Investments at €102 million.
The combined €425 million in new capital – provided by institutional limited partners that included pension funds, insurance companies and family offices – will target private equity investments globally that benefit from positive exposure to long-term fundamental trends and that possess specific characteristics which provide them with, according to Adveq, a high level of robustness and anti-fragility. Investment strategies include buyouts, turnaround, growth capital and venture capital.
“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,” said Sven Lidén, Chief Executive Officer at Adveq. “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.”
Adveq was founded in 1997 and makes global private equity investments on a primary, secondary and co-investments basis. The firm’s client base includes institutional investors such as pension funds, insurance companies, family offices and other financial institutions located in Europe, North America and the Asia-Pacific region. The firm has offices in Zurich, Frankfurt, London, Jersey, New York, Beijing, Shanghai and Hong Kong (www.adveq.com).
“We have previously completed a number of co-investments as part of our mandates and other funds and we felt that it was the right time to offer co-investment opportunities to a wider range of investors through a dedicated fund,” said Mr. Lidén. The Adveq Europe Co-Investments fund will invest in small buyout opportunities in Europe in partnership with highly active and specialized fund managers including turnaround fund managers and industry specialists.
© 2016 Private Equity Professional • 2-10-16
