Advent raises $30bn, starts mid-market fund

BENGALURU: Global private equity investor Advent International has raised $30 billion across its funds, including nearly $27 billion for its 11th flagship fund and more than $3 billion for a new mid-market strategy, expanding its investment capabilities and international presence. Advent International GPE XI raised more than its $26 billion target, while the new Advent Mid-Market Private Equity fund is the firm’s first dedicated vehicle for smaller buyouts and growth investments. It will target equity investments of $100 million to $350 million in companies with enterprise values of up to $1.2 billion, primarily in North America and Europe.You use AI every day. Now get your AI Quotient. Take the AIQ test.