Advent Breaks Away From the Pack in Fundraising


November 16, 2012

Advent International announced closing its latest buyout fund at EUR 8.5 billion with the plan to continue its established strategy in developed markets of North America and Western Europe and selectively on other global markets. Advent said it is the largest buyout fund closing since the fall of Lehman, according data-provider Preqin.


Deal Pipeline says it remains to be seen if Advent’s new fund will keep its position as the largest buyout fund since the “Great Recession” for long because Warburg Pincus’ current fund is targeting USD 12 billion and Apollo just announced it is also raising a big one too. The article also said that Blackstone raised a larger PE-related fund last month, but it was targeted at real estate investments.

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