Adveq has promoted Sanjay Gupta, the head of the global private equity fund of funds manager’s Opportunity investment programme, to executive director effective from January 2013.
Gupta joined Zurich, Switzerland-based Adveq in 2008 as a senior associate in the investment management team and was promoted to the role of vice president two years later.
He currently serves as the head of the Opportunity program from the firm’s New York office and leads its US buyout and turnaround investments.
“[Sanjay’s] contribution to the Adveq Opportunity program has been key to our firm’s global investment platform,” Rainer Ender, co-head of Adveq’s global investment management activities, said in a statement released today.
“Sanjay’s promotion reinforces Adveq’s senior management team and demonstrates our commitment to investing in and supporting talented individuals.”
Adveq’s Opportunity programme focuses on investments in small and mid-sized turnaround and small buyout opportunities in the US, according to the firm’s website.
Earlier this year Adveq announced plans to increase its headcount by more than 10 per cent in 2012.
The firm is hiring across a range of functions and locations, mainly for investment management, investor relations and fund administration positions based in Asia and in the Zurich head office.
New hires will bring its total headcount to close to 80 by the end of the year.
The firm’s assets under management grew to $4.3bn by the end of 2011.
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