Schroders has wrapped up the acquisition of Swiss private equity solutions firm Adveq following receipt of regulatory nod.

Adveq has now been rebranded as Schroder Adveq. The entity has a workforce of over 100 worldwide and predominantly serves institutional investors and pension funds in Switzerland and Germany.

The British fund manager said that the deal, announced in April 2017, would speed up the growth of its private assets unit with over $7bn of client commitments and add to its existing capabilities in the real estate and infrastructure finance sectors.

The board of Schroder Adveq will comprise Stephen Mills as executive chairman, and Adveq founder Bruno Raschle as non-executive vice chairman.

Schroder Adveq CEO Sven Liden said: “Schroder Adveq, as we are now known, remains committed to delivering the strong investment performance and high quality client service that investors have come to expect from our team over the 20 years since we first launched.”