Advent Targets $3 Billion for Second Tech-Fund

Advent Targets $3billion for Second Tech-Fund

Global Private equity firm Advent technology funds invest in minor tech deals and co-invest in broader deals with Advent-managed funds.

Less than two years after accumulating $2 billion for its debut tech offering, Advent International now seeks a second technology-focused fund of $3 billion.

This leading global private equity investor will be 50% larger than its predecessor if it reaches the fundraising target. The sturdy deal supply and secure performance have powered investors' interest in tech-focused funds.

According to the data provided by Preqin Ltd, private equity firms in 2021 have raised $317.62, as compared to the $321.62 billion raised during all of 2020. The Preqin data showed the U.S sponsors jacked up $153.7 billion for tech-focused funds through Friday, as compare...

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