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Advent International Leads 9th Global Private Equity Fund and Raises $ 17.5 Billion

Advent International can escalate the amount it may invest in India as it currently acquires controlling stakes in two firms in the last two years.
BY BEx Bureau
BusinessEx
Jun 07, 2019

The British private equity firm, Advent International has led its ninth global private equity fund and raised up to $ 17.5 billion. Through this, the company can escalate the amount it may invest in India as it currently acquires controlling stakes in two firms in the last two years.

The fund hit a hard cap after having surpassed its initial target of $16 billion after six months in the market, the British PE firm, Advent said in its statement, as reported by daily news, VC Circle.

The previous global private equity fund of the company in 2016 garnered $13 Billion.

The new fund will invest in the buyout, corporate carve-out, public-to-private and growth equity transactions. It will primarily look at deals in Europe and North America and selectively in Asia and Latin America, the company said, according to the same media report.

The current global private equity fund will focus on 5 industries which are important to Advents strategy that is; consumer and leisure; and technology, business and financial services; healthcare; industrial and media and telecom.

The successful fundraising marks a significant milestone for the private equity and increases the amount of capital that may be deployed in India, MD and Head of India Business, Shweta Jalan told the same daily news.

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