Private equity firm Advent International on Tuesday night closed off a bumper US$27 billion ($38.4 billion) capital raising for its flagship fund, and a closer look at the numbers reveals it is investors in our patch that are piling in.
Asia Pacific investors represented almost a quarter of the commitments and demand surpassed the fund’s target of US$26 billion. The round came alongside another US$3 billion raised by Advent for a new mid-market fund.
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