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Aztec Group has supported longstanding client, Advent International, with the fundraising activities and final close of its 10th global private equity fund, Advent International GPE X.
Raising $25 billion in commitments after less than six months in the market, it marks Advent’s largest-ever fundraise and brings the firm’s total assets under management to over $100 billion.
Similar to its predecessor GPE funds, GPE X will have the flexibility to deploy capital across various geographical regions, business sectors, deal types and sizes.
In approximately a year, together with GPE X’s companion fund, Advent Tech II, the firm has raised over $30 billion in commitments from its limited partners and internal capital.
Aztec Group supported with the investors’ on boarding of GPE X and continues to provide fund administration services from their Luxembourg office.
Waqas Khan, Associate Director - Private Equity at the Aztec Group, commented: “We’re delighted to have supported Advent International with such a significant fund closing.
“Thanks to a seamless collaboration between Aztec and Advent, we were able to on board a number of international investors, ranging from pension funds to individual investors, and we look forward to further enhancing our relationship in the future.”
Pictured (top): Waqas Khan, Associate Director - Private Equity at the Aztec Group.
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