Deals
Advent Seeks $25 Billion for Its Biggest-Ever Fund
- U.S. firm only raised its last flagship fund in 2019
- Investors continue to pour money into private equity industry
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Advent International is the latest private equity giant planning to tap a buoyant fundraising market for a record buyout fund, according to people familiar with the matter.
The U.S. firm is targeting about $25 billion for a new flagship vehicle and could begin seeking commitments next year, the people said, asking not to be identified discussing confidential information.