Adveq, a fund of funds manager, has promoted three secondaries professionals to executive director including the head of its secondaries operations, according to a statement from the firm.
Nico Taverna has led Adveq’s secondaries program since January 2014 and is responsible for the sourcing, evaluation and negotiation of secondaries deals. The firm’s secondaries program has grown under Taverna’s watch, with 2015 a record year for fundraising and investment, according to a spokeswoman for Adveq.
Richard Damming focuses on primary, secondaries and co-investments in the Benelux region in the firm’s European Investment Management team. He joined Adveq in 2011 from Capvent, a Zurich-based fund of funds.
Ethan Vogelhut heads the Adveq Opportunity programme and leads the firm’s US buyout and turnaround investment activities across primary funds, secondaries, and co-investments.
“It is a core tenet of our philosophy to reward employees for their achievements and each of those named today have made significant contributions to the overall success of the business in recent times,” Sven Lidén, chief executive of Adveq, said in the statement.
The firm also promoted three other professionals to executive director who focus on client relationships and business development.
The promotions follow an increase in Adveq staff numbers last year by 10 percent, with key hires made in the firm’s offices in Asia, the US and the UK.
Zurich-headquartered Adveq was founded in 1997 and had over $6 billion in assets under management as of 31 December. The firm offers investment solutions through primary, secondaries and co-investments strategies and has offices globally, according to its website.