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Advent International raises $17.5bn for ninth global PE fund

(Opalesque) Private equity firm Advent International said that it has completed raising funds for its ninth global private equity fund, GPE IX, with commitments of $17.5bn, surpassing the earlier target of $16bn. Advent’s previous global fund, GPE VIII, closed on $13bn in 2016.
The new fund will invest in buyout, corporate carve-out, public-to-private and growth equity transactions.

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