Adveq set to increase China investment to $550m

Bruno Raschle (pictured), chairman of the Switzerland-headquartered firm, told local press in Beijing that he remains confident about the state of the market and sees promising investment opportunities in the country for the near future.

It is also reported that Adveq is currently raising a third fund in Asia with a corpus of $300million, of which 50% will be invested in China. Raschle said he would pay most attention to companies likely to benefit from the country's 12th Five-Year Plan. He sees China's healthcare, logistics, environmental protection and internet development industries as having the most potential.

Adveq expressed its optimism for Asian private equity back in 2006, when the firm launched its first Asia-specific fund of funds. The $217million vehicle has invested in venture capital, development capital and buyout opportunities across India, China, Japan and Australia.

Later in 2008, Adveq introduced its second fund-of-fund, which is similar, and raised $181.3 million.

In 2009, the Swiss manager signed a letter of intent with Chinese investment company Dalian United to form an investment management JV company, the first non-government private equity fund-of-fund in China. They also issue a yuan-denominated fund-of-fund.

Founded in 1997, Adveq currently manages over $4 billion of assets for its clients and it made its first Asian investment in 1998. It is reported that the firm has invested more than $400 million into deals in the areas of IT, healthcare, advanced manufacturing and new energy.

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• Topics
• Greater China
• Fund-of-funds
• Healthcare
• Adveq Management AG
• China