PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Adveq to open New York office with new US hires

Adveq, the Swiss private equity fund of funds manger, is opening an office in New York and will transfer several of its Zurich-based investment professionals to the US, including new hires

Adveq, the Swiss private equity fund of funds manger, is opening an office in New York and will transfer several of its Zurich-based investment professionals to the US, including new hires Lee Gardella and Steven Yang, who have joined Adveq’s investment management team as executive director and vice-president respectively.

Before joining Adveq in May, Gardella was a managing director leading the private markets group at CTC Consulting, a subsidiary of U.S. Trust Company. He worked for U.S. Trust Company between 1997 and 2005 in the private equity and alternative investment divisions, and was previously an associate at the Edison Venture Fund and Wilshire Associates.

Yang, who joined Adveq in April, was previously at Beagle, a New York-based family office, as a portfolio manager for private equity partnerships, hedge funds and direct investments in early stage technology companies. Before 2000 he worked for Welch Capital Partners as an analyst, focusing on investments in enterprise hardware and software and telecoms equipment and services.

‘Adveq invests globally in private equity funds by benchmarking each investment against its peers worldwide,’ says chief executive Bruno E. Raschle. ‘Having some of our investment professionals based in the US is a natural step in the evolution of the company, which also enhances our value-add to fund managers. Lee and Steven will operate out of the New York office, and will be joined by other investment professionals from Zurich.’

Founded in 1997, Adveq currently manages some USD3bn of assets for its clients, which consist almost entirely of international institutional investors including pension funds, insurance companies, family offices and other financial services providers, located primarily in Europe, Asia, Australia and the United States.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured