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Advent International: We could have raised $20bn

Boston-based private equity firm Advent International has closed its latest global buyout fund on its $13 billion upper limit – exceeding the vehicle's $12 billion target.

Advent International: We could have raised $20bn
Photo: iStockPhoto

Boston-based private equity firm Advent International has closed its latest global buyout fund on its $13 billion upper limit – exceeding the vehicle's $12 billion target.

The firm, which raised Advent International GPE VIII Limited Partnership in just six months, has collected far more than its previous fund, which closed on $10.8 billion in 2012.

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