Adveq to open Beijing office – Publication of new European private equity market analysis
Zurich/Frankfurt, 23 October, 2007 – Adveq, Europe’s leading independent private equity fund of funds investment manager, today announces that it will open an office in Beijing later this year. At its annual press conference, which takes place today in Frankfurt, Adveq also publishes its latest analysis of the European private equity market.
After Zurich, Frankfurt and New York, Beijing will be Adveq’s fourth office location.
Bruno E. Raschle, CEO of Adveq, comments on the opening of its new office in China: “Since inception, Adveq has pursued an international investment philosophy based on global benchmarking of fund managers in a world without walls. The opening of the new China office is a natural consequence of the importance of the Asia pacific region and the continuing expansion of Adveq’s business. It reflects the overall growth of the company in terms of the increased size of the team, which today includes over 50 international professionals, and our growing number of fund programs.” He adds that more than twenty percent of Adveq’s fund commitments over the past twelve months have been in the Asia pacific region.
At its annual press conference in Frankfurt, Adveq also publishes its latest market analysis report, ‘Return Generation in European Private Equity’ which provides an overview of the private equity market in Europe. The analysis shows, from a macro-perspective, how trends in the European economic environment are influencing private equity return generation and discusses the current dynamics within the various segments of the European private equity market.
Peter Laib, Managing Director of Adveq, says: “Adveq believes that private equity managers will continue to play an important role in the growth and transition of European companies, thus shaping the future of the European business world. There is strong potential for smaller or mid sized buyouts in Europe due to a number of larger corporations being in need of strategic repositioning, and many smaller, family-owned businesses for whom private equity presents a perfect solution to their succession issues. The European private equity market has been traditionally biased towards these segments and has therefore been less dependent on the credit market.”
About Adveq
Adveq is the leading independent private equity fund of funds investment manager in Europe. Founded in 1997, Adveq currently manages approximately USD 3 billion of assets for its clients. These clients consist almost entirely of international institutional investors including pension funds, insurance companies, family offices and other financial services providers, that are located primarily in Europe, Asia, Australia and the United States.
Further information
Stefan Bannwart
Head of Corporate Communications
Adveq Management AG
Telephone: +41 (0)43 288 32 00
E-Mail: stefan.bannwart(at)adveq.com
www.adveq.com
