Adveq opens NY office

Swiss private equity fund-of-funds manager Adveq has opened an office in New York.

The US team will be part of Adveq’s overall investment management team which is led by Rainer Ender based in Zurich. Vice president Gaia Arnaboldi is transferring to New York and will be joined by new faces Lee Gardella and Steven Yang, who will be executive director and vice president respectively. Gardella joined in May following a stint as managing director leading the Private Markets Group for CTC Consulting, a subsidiary of US Trust Company. Yang, who joined in April, was previously at Beagle Limited, a New York based family office, as a portfolio manager.