SWFs, Staff Build-Up Bolster Advent’s Fundraise

Firm: Advent International

Fund: Advent International GPE VII LP

Target: $10.8 billion

Advent International closed its seventh global buyout fund with €8.5 billion ($10.8 billion), a significant feat in what has been an exceptionally challenging time for private equity firms to raise funds following the financial downturn in 2008.

Advent launched the process officially in March, though it had begun premarketing in late 2011, Managing Partner David Mussafer told Buyouts. The firm also turned away a good amount of capital: Investors in the final close of the fund had ...

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