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Advent raises $17.5bn for one of the largest private equity funds ever

Bumper haul reflects continuing appetite for top performing private equity managers

Global private equity firm Advent International said Thursday it raised $17.5bn for its latest flagship buyout fund.

The fund, which surpassed its $16bn goal, is one of the largest ever raised for leveraged buyouts and is the biggest the firm has raised in its 35 year history.

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