Private equity firm Adveq has held the final closing of Adveq Europe VI at EUR462 million, well above its initial target fund size of EUR350 million.
The fund closing was held on 2 December 2016, attracting interest and support from investors around the world, including pension funds, insurance companies and endowments.
Adveq Europe VI targets primary, secondary and co-investment opportunities in the European small buyout segment. The fund invests with or alongside transformational, turnaround and specialist managers. It will focus on emerging managers who are raising their first or second fund and established managers in the third or later generation that are fully institutionalized and have a long track record.
Adveq Europe VI has already committed a sizeable amount to specialised European managers and will target small buyout companies that have a strong and defendable market position and significant value creation potential through revenue growth and business transformation.
Tim Creed, managing director and head of Adveq’s European investment practice, says: “The fact that this is our sixth generation fund proves that investors believe it to be the right strategy for their portfolios and our broadened client base is a testament of it. We are confident that this is still a very attractive sector and are very pleased with the quality of investors who have entrusted their capital to us, helping us exceed the fundraising target for this fund.
“I am very proud of our team and our past performance and we will continue working hard to provide investment excellence to our clients.”
