Advent Fundraising Surpasses Cinven, Permira Amid Buyout Drougt

Advent Fundraising Surpasses Cinven, Permira Amid Buyout Drougt

Victor Sokolowicz/Bloomberg

Cruise liners operated by Tirrenia di Navigazione SpA, and Permira Advisers LLP's Grandi Navi Veloci SpA, sit moored in the harbor at Genoa port in Genoa, Italy. have generated bigger returns. Both Permira and Cinven, two London-based firms whose returns from their latest funds have lagged Advent, have tried to woo investors by offering fee cuts.