Swiss PE Firm Adveq Closes $175M Secondaries Fund

Law360, New York (October 1, 2013, 1:27 PM EDT) -- Swiss private equity firm Adveq Management AG closed its second secondaries fund with $175 million in assets this week after hitting its hard cap, Adveq announced Tuesday.

Adveq Secondaries II closed Monday after blowing past its $150 million fundraising target earlier this year. The fund received capital commitments from a global institutional investor base of pension funds, insurance companies and family offices, Adveq said.

Like its predecessor fund, Adveq Secondaries II will focus on executing subradar secondary private equity transactions. The fund will buy private equity...
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