Adveq hits two-thirds mark of Fund III target – exclusive

The Zurich-headquartered private equity firm is seeking slightly north of $200m for Adveq Secondaries III.

Adveq has collected about two thirds of the target for its third main secondaries fund and expects to hold the final close on the vehicle in the first half of next year, Secondaries Investor has learned.

The Zurich-headquartered private equity firm is seeking slightly north of $200 million for Adveq Secondaries III and has already begun investing the fund, according to a source familiar with the matter. The fund held a first close last April, although the amount was unclear.

Sister site secondaries Investor reported in March that the firm was back in market with the vehicle, which was registered in the UK in October 2015. It is understood the fund will follow a similar strategy to its predecessor, which focuses on smaller deals in specialised strategies and segments, avoiding competitive auctions.

Adveq declined to comment. 

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