Adveq looks to expand its NY IR team

The Swiss fund of funds is hiring an associate-level investor relations professional, following a round of promotions earlier this year.

Swiss fund of funds Adveq is looking to expand its investor relations team in New York, according to a job posting on LinkedIn by the firm.

This role will be an associate-level position and will entail raising capital from institutional investors and their respective consultants in North America.

The posting follows a series of promotions by the firm in January, with six of its employees becoming executive directors across the US, Europe and Asia.

Of those six, Dan Rhoads, who joined the firm in May 2011, became executive director of Adveq’s investor relations team in New York.

Rhoads said Adveq’s global platform, experienced local teams and focus on smaller, specialised strategies fuelled the firm’s growth in recent years.

“Our growth resonates in Adveq’s New York office, where we have tripled the number of employees since my joining,” he told Private Equity International in an email. “Along with growth, it is critical to maintain our stringent focus on client service; it is a fundamental and critical pillar of Adveq’s model.”

Prior to joining Adveq, Rhoads was a vice president at Oppenheimer & Company, associate at Credit Suisse and Soros Fund Management, and senior associate at PriceWaterhouseCoopers, according to his LinkedIn profile.

Adveq launched its first US-exclusive fund of funds programme in July 2005, and expanded outside of its headquarters in Zurich for the first time in June 2007 by opening its New York office, as reported by PEI.

The firm is back in market with its third secondaries vehicle seeking to raise more than $175 million, as reported by Private Equity International.

The firm manages $6 billion in assets, according to PEI’s Research & Analytics division. Last month, it closed Adveq Specialized Investments and Adveq Europe Co-investments, on €323 million ($364.5 million; £251.7 million) and €102 million ($115.1 million; £79.5 million), respectively.