Adveq, a Swiss-based fund of funds, is back in market with its third dedicated secondaries vehicle, Secondaries Investorhas learned.
The firm is seeking north of $175 million for Adveq Secondaries III, according to a source familiar with the fundraising. The vehicle was registered on 6 October in the UK, according to a filing with Companies House.
Adveq Secondaries III is expected to follow a similar strategy to its predecessor which focuses on smaller deals in specialised strategies and segments, avoiding competitive auctions. Adveq Secondaries II closed above its target on $175 million in September 2013, according to PEI Research & Analytics.
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