PRINT THIS PAGE Swiss-based fund of funds Adveq announces plans to launch third fund in early 200527/10/2004. Source: AltAssets. 
 Adveq, the Swiss-based fund of funds, has announced plans to launch a new fund of funds to target European investments in the first quarter of 2005. The new fund, of an as yet undetermined size, will focus on venture funds, smaller buy-out funds and selected large buy-out groups.
Adveq's last European fund was about E250m and the new one is likely to be in a similar range. The group said in a statement: 'In view of the strict selection procedure, Adveq's new program will be of limited size - as was the case with its last fund of funds which closed in 2004.'
Adveq was founded in 1997 and now has $1.5bn under management. It closed a technology-focused fund of funds earlier this year with around $325m of commitments.
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