Gillian Tan, Columnist

Private Equity Follows the Money

Advent International's planned move into credit will help the firm tap further into investors' deep pools of capital.

August 16, 2017 at 7:53 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

1502915110_226259306 — Photographer: Xaume Olleros/Bloomberg

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Private equity firms are continuing to diversify away from, well, private equity.

On Wednesday, Bloomberg News reported that Advent International is planning a move into debt investing and is in the early stages of forming a team to then raise a dedicated fund. The news comes just weeks after tech-focused buyout specialist Thoma Bravo confirmed in a filing that said it's seeking to raise $750 million for its first fund dedicated to credit investing, joining others in the industry that already have thriving debt businesses.