Schroders has acquired private equity solutions business Adveq Holding AG as part of the firm's plan to accelerate the growth of its private assets arm.
Adveq has over $7bn of client commitments based mainly in Switzerland and Germany, with a number of large pension funds on the books. The firm also has a client base in the US and other international markets. Schroders said the acquisition will add to its existing capabilities in the real estate and infrastructure finance sectors, while no changes will be made to Adveq's investment team process or strategies. Schroders acquires securitised products team managing $4bn for US arm The deal is expected to complete in the second half of 2017, subject to regulatory approval. Peter Ha...
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