Financial Times FT.com

Private equity

Advent on top with €6.6bn new fund

By Martin Arnold in London

Published: April 6 2008 22:06 | Last updated: April 6 2008 22:06

Advent International is due on Monday to cement its position as the world’s biggest mid-market private equity firm with the news it has raised a new €6.6bn ($10.3bn) fund.

The amount suggests investors are looking to put more money with private equity firms that are more likely to do deals soon. The “mega buy-out” firms are hampered by the crisis in debt markets, while mid-sized buy-outs are less reliant on plentiful supplies of cheap credit.

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