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Adveq announces fund closings 2006

Zurich, December 18, 2006 – 2006 has been a successful year for Adveq, Europe’s leading independent private equity fund of funds manager. During the year, the company has launched and closed a number of new funds within its existing programs, taking its overall assets under management to more than USD 2.5 billion, and has also launched a new fund program focused on investment opportunities in Asia.

The main developments at Adveq during 2006 include the following:

Adveq Opportunity
The first fund in Adveq’s Opportunity program reached its final close in February, with total commitments of USD 170 million. The fund was closed above the original target. The Opportunity program was set up to pursue special and unique investment strategies outside the traditional private equity sectors of venture capital and buyouts in the US.

Adveq Europe III
This third fund in Adveq’s European program closed in December with commitments at the target size of EUR 325 million. The Europe program focuses on investments in buyout and expansion financing, and to a lesser extent venture capital, in Europe.

Adveq Technology V
The fifth fund in Adveq’s Technology program has reached over USD 400 million at the end of this year and is expected to have a final closing at USD 435 million in January 2007. The fund was significantly oversubscribed. Adveq Technology V will follow the same investment strategy as earlier funds in this program, focusing on investments in venture capital and technology buyouts in the US.

Adveq Asia
In 2006, Adveq announced the launch of its fourth fund of funds program, Adveq Asia. The new program will invest in venture capital, development capital and buyout opportunities primarily in India, China, Japan and Australia. To date Adveq Asia I has commitments of over USD 100 million and is expected to reach a final closing in the first quarter of 2007.

Bruno Raschle, Managing Director of Adveq, commented: “2006 has been an excellent year for Adveq and we have had a strong response to all fund programs from our investors around the world. This year has seen significant growth in the private equity market globally, which has been characterized by increasing deal and transaction sizes and we have seen the emergence of Asia as a growing force in the industry. Looking at most indicators, we expect the favorable environment for private equity to continue in 2007.”

About Adveq
Adveq is the leading independent private equity fund of funds investment manager in Europe. Founded in 1997, Adveq currently manages approximately USD 2.5 billion of assets for its clients. These clients consist almost entirely of international institutional investors including pension funds, insurance companies, family offices and other financial services providers, that are located primarily in Europe, Asia, Australia and the United States.

Further information
Stefan Bannwart
Head of Corporate Communications
Adveq Management AG
Affolternstrasse 56
CH-8050 Zürich
Telephone: +41 (0)43 288 32 00
Fax: +41 (0)43 288 32 10
E-Mail: stefan.bannwart(at)

Publisher Contact Information:

Adveq Managment AG
+41 (0)43 288 32 00

Company profile of Adveq Managment AG
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