Global private equity investor Advent International (Advent) has completed fundraising for its flagship fund, Advent International GPE X. The Fund reached its hard cap of $25 billion (€22.1 billion) in commitments after less than six months in the market.
Together with GPE X’s companion fund, Advent Tech II, the firm has raised over $30 billion in commitments in approximately 12 months from its limited partners and internal capital from Advent.
Following the same successful strategy as its prior GPE funds, GPE X will have the flexibility to deploy capital across geographies, sectors, deal types and sizes. GPE X will maintain its predecessor funds’ focus on Europe and North America, while also continuing to build Advent’s active local presence in Asia.