Adveq planing higher China investment

Adveq Management AG, the global private equity fund of funds company, plans to increase its investments in China from next year, its chairman has told China Daily, a decision based on its expectation of strong economic growth in the country.

A PE fund of funds is an investment strategy of holding a portfolio of other private equity funds rather than investing directly in deals.

"Next year, Adveq will allocate a third of our annual investable funds to Asia, particularly China, the same as that to the US and Europe," said Bruno Raschle, chairman and chief executive officer of Zurich-based Adveq.