(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.
Advent International raises $17.5bn for ninth global PE fund
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