PRINT THIS PAGE Swiss Adveq Management closes fourth technology fund of funds21/06/2004. Source: AltAssets. 
 Swiss Adveq has closed its fourth technology fund of funds with $325m of commitments. PETP IV was originally targeting E300m.
The fund will invest approximately 75 per cent of its committed capital in US-based technology orientated venture capital funds. The remainder will be invested in buy-out situations in the technology arena, also predominantly in the US.
'The interest to invest was high. It is evident that the investors from Germany, Switzerland, the UK, Australia and Scandinavia have honoured the transparency we have practiced, and the good performance we have achieved over the years,' said Bruno Raschle, founder and managing director of the Adveq Group.
Adveq closed its previous US fund of funds in June 2002 with $300m of commitments, slightly below its original target of $350m.
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