Private equity investor Adveq has held the final closing of two funds, – Adveq Specialized Investments and Adveq Europe Co-Investments – at EUR 323 million and EUR 102 million, 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.
Sven Lidén, Chief Executive Officer at Adveq, says: “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 specialised strategies, including specialised 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 specialised 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.
