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
Exclusive Interview: Torge Barkholtz on rethinking SME succession through operator-led investing
Exclusive Interview: Torge Barkholtz on rethinking SME succession through operator-led investing...
Rightsizing the right way
Rightsizing the right way Rightsizing an organization is never easy. But, it is a normal process...
Mozaik Investments acquires majority stake in Romania’s Genesis College, plans €30m expansion
Mozaik Investments acquires majority stake in Romania’s Genesis College, plans €30m expansion...