Advent International is on course to finish fundraising for its 10th flagship buyout fund at USD23 billion next month, according to a report by BuyoutsInsider.
A report by Massachusetts Pension Reserves Investment Management, which is committing USD350 millions cited as the source of the information, while the Wall Street Journal says that Advent expects fundraising to hit an under limit of USD25 billion.
Even at the lower figure, Fund X would be the largest in the Advent’s 38-year history, some 31 per cent bigger than it’s predecessor fund which closed in 2019.
