The $81bn private equity firm Advent International closed its second global technology fund after a six month fundraise at $4bn, officials announced today.
Advent Global Technology II exceeded its target by 33% and is double the size of the initial Advent Tech fund, which has invested in 20 companies since its 2019 launch.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
The new fund, overseen by a 27-strong team, will back companies focused on high-growth acceleration and complex transformation opportunities in North America and Europe and other global markets where Advent has established a presence.
Source: Alternatives Watch
Can’t stop reading? Read more
August Equity makes move into legal sector with Higgs investment
August Equity makes move into legal sector with Higgs investment August Equity has taken a stake...
Fund Friday: Top fundraising news in private equity
Fund Friday: Top fundraising news in private equity Neuberger Berman is approaching the first...
Blackstone set to win Warehouse REIT takeover after Tritax concedes
Blackstone set to win Warehouse REIT takeover after Tritax concedes Blackstone is poised to secure...