Buyout

The tech and healthcare investor is understood to have already raised more capital for its sophomore Spark II vehicle than its predecessor's final amount.

The $82bn pension’s staff are expressing confidence in the direction of the portfolio despite relinquishing a spot as a top performer from early PE programme.

The effort would be Advent’s second fund in Asia, having raised – and subsequently wound down – a $725m Japan fund in 2008.

The tech investor is in market with three funds with a combined capital-raising target of up to $24bn.

The wealth manager is currently seeing an average low-single-digit allocation towards private markets among clients, Martin Leung, head of alternative investments Hong Kong, tells PEI.

The buyout giant, which celebrates its 25th anniversary in Europe this week, remains bullish on the region amid increasing spending on defence and tech.

The firm's new vehicle will target European LPs and invest in European SMEs amid rising appetite for defence-related assets, partners Peter Ryttergaard and Lasse Lynge tell PEI.

The asset manager, which has a $21bn private equity portfolio, was 'too little bullish' on the US over the last decade, global PE head Rainer Ender tells PEI.

With its latest flagship launched in late April, Motilal Oswal Alternates plans to hold a first close next month, Private Equity International has learned.

China buyouts cannot rely on the same cost-cutting measures or buy-and-build strategies as those in the US, according to CDH managing partner Max Hui.