Advent raises $10.8b for new buyout fund
Advent International has raised EUR8.5 billion ($10.8 billion) for its seventh global buyout fund, more than the EUR7 billion planned initially. The new vehicle, which launched officially in March, is one of the largest buyout funds raised since the start of the 2008 financial crisis.
The fund - Advent GPE VII- was subscribed by existing investors and also received commitments from a number of new LPs. It will focus primarily on the developed markets of North America and Western Europe...
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