Advent International set to secure US LP commitments

Advent International GPE IX has a target of between $15-17bn and plans to hold a final close in mid-2019.

Its predecessor, Advent International GPE VIII, has raised $13bn and targets buyouts, recapitalisations and growth equity transactions in Europe and North America.

MainePERS, the $14.6bn pension fund, has previously committed $50m to Advent International GPE VIII.

New Mexico State Investment Council, a $23.4bn sovereign wealth fund managing the State of New Mexico's permanent trust funds, is looking to commit up to $100m to Advent International GPE IX.

Another US investor that has committed to Advent International GPE IX is Minnesota State Board of Investment, which has earmarked $150m for the fund.

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• Topics
• Funds
• Buyout
• LPs
• Advent International
• United States