Advent International has completed fundraising for its flagship fund, Advent International GPE X. The fund reached its hard cap of $25 billion in commitments after less than six months in the market.
Together with GPE X’s companion fund, Advent Tech II, the firm has raised more than $30 billion in commitments in approximately 12 months from its limited partners and internal capital from Advent.
GPE X will have the flexibility to deploy capital across geographies, sectors, deal types and sizes. GPE X will maintain its predecessor funds’ focus on Europe and North America, while also continuing to build Advent’s active local presence in Asia.
Investments in GPE X will build on Advent’s global reach, strong operational resources and the deep expertise and entrepreneurial approach of the firm’s 265 plus investment professionals across five core sectors: business and financial services; healthcare; industrial; retail, consumer and leisure; and technology.