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Advent’s latest fund raise surpasses expectations

Welcome to the first edition of the new weekly Private Equity Wire newsletter. This week we feature the first contribution from reporter Elizabeth Pfeuti on Europe’s second largest pension investor PGGM and why it is looking to allocate EUR500 million to impact-focused private equity funds. 

Advent, one of the industry’s leading PE groups, underscores how much demand there is among LPs for marquee names, closing its ninth global PE fund with USD17.5 billion, while in other news, a big announcement came out of London-based BlueBay Asset Management. 

Having grown to EUR13 billion in AUM, its Private Debt business is spinning out to become an independent entity. Anthony Fobel, Managing Partner of BlueBay’s Private Debt Group, said it represented “a natural evolution of our business as it has grown to be a market leading private debt business in Europe”.

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James Williams,
Editor-in-Chief, Private Equity Wire

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