Advent raises $25 billion global fund; India CEO Shweta Jalan says fund will support local expansion

PE firm Advent International has raised a $25 billion global fund, its tenth since inception. The fund raising was completed in just six months. The focus of the fund will be investments in Europe, North America and Asia.

“The fresh fundraise through GPE X will support our growth in India over the next few years and allow us to tap into attractive opportunities in a growing market”, Advent’s India chief executive officer Swheta Jalan said.

Advent did not provide details of what quantum of the fund could be dedicated to Indian investments.

“In 2022, we expect an increased focus on EESG (employee, environmental, social and governance) and the continued momentum of dealmaking in India. It is essential to have the flexibility to deploy capital in India across sectors, deal types, and sizes, with equity investments ranging from $100 million to $2 billion,” Jalan was quoted as stating in a press release.

Advent has invested $2.9 billion in 13 companies in India since it started investing in the south Asian nation in 2007.

Aditya Birla Capital, Care Hospitals, Crompton Greaves Consumer Electricals, DFM Foods and ASK Investment Managers are amongst companies it has invested in.

After the completion of the current fund raise, the global investments of the private equity firm have crossed $100 billion.