At a glance
- Almost $27 billion went to GPE XI and more than $3 billion to the firm's first dedicated mid-market fund.
- The mid-market label suggests smaller target companies than GPE XI, so the two vehicles will require separate due diligence.
- Fees and closing dates were not disclosed.
Advent International raised $30 billion across GPE XI and a new mid-market fund, AltAssets reported Oct. 28.
Almost $27 billion went to GPE XI and more than $3 billion to the firm's first dedicated mid-market fund.
AltAssets also reported $13 billion of realizations by Advent this year, equal to about 43% of the capital raised.
The mid-market label suggests smaller target companies than GPE XI, so the two vehicles will require separate due diligence. Fees and closing dates were not disclosed. Existing GPE XI investors will need to decide whether to add a second, smaller commitment to the same manager.
Nearly all of the $30bn went to Advent's flagship fund
Capital raised by Advent this year, $B, split by vehicle, plus capital returned
Reported by the Private Equity desk from AltAssets. Published . Corrections