New Advent fund raises £128 million

London-based Advent has concluded the first phase of its latest fundraising, raking in an initial £128 million for its latest fund, Advent Private Equity IV.


London-based Advent has concluded the first phase of its latest fundraising, raking in an initial £128 million for its latest fund, Advent Private Equity IV.

London-based Advent has concluded the first phase of its latest fundraising, raking in an initial £128 million for its latest fund, Advent Private Equity IV.

In total the group hopes to raise £200 million for the investment vehicle, which will follow Advent’s traditional model of backing both early- and late-stage ventures operating in the information technology, communication and life science sectors.

The focus of these investments will remain largely on the UK and Europe, with between £5 million and £15 million being invested at a time.

21/12/04

Leslie Copeland

Gordon Yost

Leslie was made Editor for Growth Company Investor magazine in 2000, then headed up the launch of Business XL magazine, and then became Editorial Director in 2007 for the online and print publication portfolio...

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