Advent International is nearing a final close on a $26bn flagship buyout fund, positioning it among the largest private equity vehicles raised globally in recent years, according to a report by Bloomberg citing unnamed people familiar with the matter.
The Boston-headquartered firm has been fundraising for around 18 months and is now approaching completion of the process, though no formal announcement has yet been made. Advent declined to comment on the development.
The new fund would slightly ex...
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