Schroders is today announcing the completion of the acquisition of Adveq, a leading asset manager investing in private equity globally.
The acquisition, which was announced on 20 April 2017, has now received approval from the regulators. Adveq has been renamed Schroder Adveq.
The acquisition of Adveq accelerates the growth of Schroders private assets business, with more than $7 billion of client commitments, complementing existing capabilities and expertise in the real estate and infrastructure finance sectors.
Sven Lidén, CEO of Schroder Adveq commented:
“We are pleased to have received such a high level of support from our clients and other stakeholders for our partnership with Schroders.
Schroder Adveq, as we are now known, remains committed to delivering the strong investment performance and high quality client service that investors have come to expect from our team over the 20 years since we first launched.”
Stephen Mills has joined the Schroder Adveq board as Executive Chairman. Bruno Raschle, founder of Schroder Adveq, remains on the board in a new capacity of non-executive Vice Chairman.
Headquartered in Switzerland, Schroder Adveq employs over 100 people around the world. Adveq’s clients include some of the largest and most highly regarded institutional investors and pension funds in Switzerland and Germany. In recent years, Adveq has also successfully established a premium client base in the US and other international markets.
For further information on Schroder Adveq, please contact:
Anelia Fikiina, CNC Communications
Tel: +44 (0)203 219 8887 / firstname.lastname@example.org