Reuters - Advent Raises $10.8B for Latest Fund
U.S. private equity firm Advent International has raised 8.5 billion euros ($10.8 billion) for its latest fund, one of the largest pools of capital raised for buyouts since the financial crisis, Reuters reported Monday. Advent, whose deals include buying RBS's payment processing business WorldPay, raised more than the 7 billion euros it initially planned for in its seventh Global Private Equity Fund, making it the firm's biggest fund since it was founded in 1984. The new fund cements Boston-based Advent's position as one of the leading global buyouts firms and gives it capital to spend for the next five years on medium to large-sized companies worth between 200 million and 2 billion euros.
12 November 2012•2 mins read
