Adveq boosts team

Zurich-based private equity firm, Adveq is expanding its management team with the appointment of Peter Kessel. Kessel joins the management team of founder Bruno Raschle as its fourth managing director. In his previous position, Kessel was vice president services of the worldwide transmission business of ALSTROM T&D in Villeurbanne, France. Kessel boasts over ten years experience in the management of companies and in venture capital. He holds an MS and PhD in Electrical Engineering from the ETH in Zurich and has an executive MBA from the University of St Gall.

Today, Adveq has four fund of funds with over $650 million of capital under management since its formation in 1997.