Adveq announced the close of its Adveq Secondaries II fund with USD 175 million. The original target for the fundraising was only USD 150 million but at the fund's final close yesterday, the Secondaries II reached its hard cap target. Pension funds, insurance firms and family offices worldwide invested in the fund.
In a press release, Adveq said that it would follow the investment strategy of Adveq Secondaries CV, its predecessor fund. Secondaries II would be looking for opportunities in various investment stages. This would include small and midsize buyout opportunities, early-stage venture capital and development capital, among others.
Adveq Chief Executive Officer Sven Lidén said they find believe in the value given by 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," he added.
Join the Conversation