Advent International raises $30 billion across funds; flagship GPE XI beats $26 billion target

Global private equity firm Advent International has gathered $30 billion over its fund range, according to CNBC-TV18 and The Times of India. The flagship fund, GPE XI, drew nearly $27 billion. Its target was $26 billion, so it went past that mark.

The mid-market strategy, launched in March, has taken more than $3 billion in commitments. It is the first Advent fund set aside specifically for smaller buyouts and growth deals, and it targets North America and Europe. Equity cheques range from $100m to $350m. Enterprise value goes up to $1.25 billion, according to CNBC-TV18 and The Economic Times. The Times of India reported the ceiling as $1.2 billion.

James Brocklebank is Managing Partner and Co-Chair of Advent's Executive Committee, first reported by The Economic Times. The same outlet first reported that Advent was founded in 1984 and has over $109bn in AUM, with 460 investments in 45 countries. In 2026, Advent has realised about $13bn across 27 businesses and invested about $10bn across 38 businesses.

In India, Advent has invested more than $5.6 billion across 23 investments since 2007. Shweta Jalan, managing partner at Advent International, was named in the CNBC-TV18 report, which first carried her role. Jalan said the new funds give the firm greater capacity to back Indian entrepreneurs and management teams.