Advent Closes $10.4 Billion Fund

Advent International, a buyout firm with headquarters in London and Boston, said yesterday it has completed fundraising for a $10.4 billion fund that it intends to use for international buyouts, strategic restructuring opportunities and growth buyouts in the financial services, retail, consumer, leisure, healthcare, technology, media, telecoms, and industrial sectors. The fund, Advent’s sixth, is its largest to date and is the ninth-largest buyout fund ever raised, according to the company. The company has raised $23 billion in private equity capital since its founding in 1984.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

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