Advent raises $27bn for its largest global fund
Advent has just raised its largest-ever global fund, at $27 billion – and an additional $3 billion for a new middle-market investment strategy. The priority markets are the US and Europe, but up to $6 billion of the main fund may be targeted at emerging markets, for co-investing alongside the manager's local funds.
Advent has raised its largest global fund, worth $27 billion, and an additional $3 billion for a new middle market investment strategy. The fund will primarily focus on the US and Europe, but up to $6 billion may be invested in emerging markets, including co-investments with local funds. Juan Pablo Zucchini, head of private equity for Latin America, sees opportunities in sectors such as consumption, finance, industry, healthcare, and technology.
The firm has a robust pipeline, particularly in Brazil, where it has invested around $6.6 billion since 1997. Advent currently manages around $109 billion in assets.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
