Tuesday, 24 May 2016
Last updated 10 hours ago
Jun 5 2007 | 11:45am ET
Adveq, the Swiss private equity fund of funds manger, is opening an office in New York and will transfer several of its Zurich-based investment professionals to the United States. The new New Yorkers include new hires Lee Gardella and Steven Yang, who have joined Adveq's investment management team as executive director and vice-president respectively.
Before joining Adveq in May, Gardella was a managing director leading the private markets group at CTC Consulting, a subsidiary of U.S. Trust Company. Yang, who joined Adveq in April, was previously at Beagle, a New York-based family office, as a portfolio manager for private equity partnerships, hedge funds and direct investments in early stage technology companies.
“Having some of our investment professionals based in the U.S. is a natural step in the evolution of the company, which also enhances our value-add to fund managers,” said CEO Bruno Raschle.
Founded in 1997, Adveq currently manages some US $3 billion of assets for its international institutional investors.