Fund and corporate services provider the 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 $25bn in commitments after less than six months in the market, it marks Advent’s largest fundraise and brings the firm’s assets under management to more than $100bn.
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.
Advent is one of the largest and most experienced global private equity investors. In approximately 12 months, together with GPE X’s companion fund Advent Tech II, the firm has raised more than $30bn in commitments from its limited partners and internal capital.
Aztec Group supported with the investors’ onboarding of GPE X and will continue to provide fund administration services from its Luxembourg office.