Adveq launches third secondaries fund

The firm is seeking north of $175 million for Adveq Secondaries III.

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.

To read more visit http://www.secondariesinvestor.com.