United States · Investor

Advent International

Last cheque observed Oct 2026; 59 cheques on record.

Deploying nowNew fund $26B, Jul 2026Private equity

SeedSeries ASeries BBusiness & Financial ServicesConsumerHealthcare

Deploying now
100%of best year9cheques in 12 months, 59 on record
Since the last cheque3days00hrs00min00sec
Median round$740MRounds led7 of 59Sole investor10 roundsExits7 from the portfolioMostly inUnited States, 76%
Pitch Advent International

Advent International highlights

  1. 01

    9 cheques in the last 12 months

  2. 02

    Mostly Venture and Series D: 52% of its rounds

  3. 03

    Sole investor in 10 rounds, median $33M

  4. 04

    7 exits from the portfolio

What they do

Advent is a leading global private equity investorFrom their own website
Type
Private equity (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowthPre-IPO
Sectors
Business & Financial ServicesConsumerHealthcare
Based in
Boston, United States
Cold pitches
Not accepted

The record

Every round we can evidence, newest first59 appearances

  1. 2026

    9 rounds

  2. Oct
    Firehawk DefenseSeries D · US · Google News search$150MLed
  3. Oct
    VinciSeries B · US · Firms' own news pages$250MLed
  4. Sept
    Mistral AISeries D · FR · Samsung Catalyst Fund$3.5BWith 23 others
  5. Jul
    Shield AISeries G · US · InnovationX$1.5BLed
  6. Jul
    Quantum SystemsSeries D · DE · TechStartups$1.2BLed
  7. Jun
    CoralogixGrowth · US · TechCrunch$200MLed
  8. Apr
    KreditBeeSeries E · IN · TechStartups$280MWith 8 others
  9. Apr
    SaronicSeries D · US · Crunchbase News$1.8BWith 6 others
  10. Mar
    Shield AIGrowth · US · InnovationX$2.0BLed
  11. 2024

    1 round

  12. Dec
    Ayar LabsSeries D · US · Crunchbase News$155MLed
  13. 2014

    3 rounds

  14. Oct
    The Learning LabSGUndisclosedSole investor
  15. May
    ImpliantVenture · US$7.0MWith 4 others
  16. Apr
    FinancialForce.comGrowth · US$50MSole investor
  17. 2013

    1 round

  18. Oct
    P2 Energy SolutionsGrowth · US · online.wsj.comUndisclosedSole investor
  19. 2012

    2 rounds

  20. Aug
  21. Jun
    ConnollyUS · finsmes.comUndisclosedSole investor
  22. 2011

    1 round

  23. Feb
    TowergateGrowth · GB · finsmes.com$322MSole investor
  24. 2010

    1 round

  25. Jun
    Nereus PharmaceuticalsSeries E · US · onbiovc.com$20MWith 6 others
  26. 2009

    1 round

  27. Apr
    FleetCor TechnologiesSeries E · US · pehub.com$100MWith 2 others
  28. 2008

    2 rounds

  29. Jun
    Upland SoftwareVenture · US · xconomy.com$3.5MWith 2 others
  30. Mar
    LogMatrixSeries D · USUndisclosedWith 1 other
  31. 2007

    3 rounds

  32. Aug
    Nereus PharmaceuticalsSeries D · US$45MWith 12 others
  33. Apr
    Sirion TherapeuticsSeries B · US$45MWith 3 others
  34. Jan
    Mendocino SoftwareVenture · US$1.7MWith 3 others
  35. 2006

    4 rounds

  36. Dec
    Ampla PharmaceuticalsSeries A · US$5.5MWith 2 others
  37. Dec
    AccelergySeries B · US$8.3MWith 5 others
  38. Feb
    Enprise SolutionsVenture · NZ · enprise.com$1.0MWith 1 other
  39. Jan
    Airwide SolutionsSeries D · US · airwidesolutions.com$25MWith 4 others
  40. 2005

    8 rounds

  41. Dec
    lululemon athleticaGrowth · CA$93MWith 1 other
  42. Oct
    Nereus PharmaceuticalsSeries D · US$43MWith 11 others
  43. Sept
    Mendocino SoftwareSeries B · US · allbusiness.com$18MWith 3 others
  44. Jul
    Redfern Integrated OpticsSeries C · US · rio-inc.com$8.4MWith 6 others
  45. May
    SphericsSeries C · US$26MWith 2 others
  46. Mar
    TorreyPines TherapeuticsSeries C$35MWith 6 others
  47. Feb
    IntercityVenture · TRUndisclosedWith 1 other
  48. Feb
    GFG GroupVenture · NZ · gfg-group.com$3.0MWith 2 others
  49. 2004

    7 rounds

  50. Dec
    MTI Technology CorporationVenture · US$15MSole investor
  51. Nov
    PowerGenixSeries B · US$10MWith 4 others
  52. Jul
    UpocSeries C · US$5.0MWith 3 others
  53. Jul
    Shoes For CrewsVenture · US$120MWith 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration11 named

AMAmanda Mcgrady MorrisonChief Legal OfficeriForm ADV
DMDavid Marks MussaferExecutive Officers' Committee MemberiForm ADV
HKHeather Kennedy MinerChief Operating OfficeriForm ADV
HRHeather Ross ZuzenakChief Compliance OfficeriForm ADV
JGJames Gerald Arthur BrocklebankExecutive Officers' Committee MemberiForm ADV
J(Jan (nmn) JanshenExecutive Officers' Committee MemberiForm ADV
JLJohn Leonard MaldonadoExecutive Officers' Committee MemberiForm ADV
NCNeil CrawfordSenior Director of the GP of the MGR of a MGR of the GPiFiling they signed
PPPatrice Philippe Nogueira Baptista EtlinExecutive Officers' Committee MemberiForm ADV
RKRichard KaneManaging Director and SVP of Business Operations of the Manager of a Manager of the GPiFiling they signed
SASusan Anne GentileChief Financial OfficeriForm ADV

We also hold 176 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$92Bassets it managesOct 2026
11+funds on filenumbered funds in its name
Registeredinvestment adviserfull reporting to the SEC
Legal name
Advent International, L.P.
SEC number
CRD 105673

Funds on its Form ADV

143 private funds, $87B in gross assets · filed Mar 2024

  1. Advent International GPE IX Limited PartnershipPrivate equity186 investors$9.8B
  2. Advent International GPE X Limited PartnershipPrivate equity212 investors$8.8B
  3. Advent International GPE X-A SCSPPrivate equity138 investors$5.8B
  4. Advent International GPE X-G Limited PartnershipPrivate equity82 investors$5.7B
  5. Advent International GPE IX-H Limited PartnershipPrivate equity9 investors$3.2B
  6. Advent International GPE VIII-B Limited PartnershipPrivate equity153 investors$3.0B
  7. Advent International GPE IX-A SCSPPrivate equity117 investors$2.9B
  8. Advent International GPE IX-G Limited PartnershipPrivate equity53 investors$2.8B
  9. Advent International GPE VIII-A Limited PartnershipPrivate equity82 investors$2.2B
  10. Advent International GPE X-B Limited PartnershipPrivate equity55 investors$2.0B

And 133 more on the filing.

Who backs their funds

5 LPs on record in Advent International's funds

Committed
$7.8B
Funds
19
Vintages
2005 to 2025

The institutions that put money into its funds, which the firm then invests in companies.Source: the pension's own report, latest Jun 2026.

  • California Public Employees' Retirement System (CalPERS)7 funds$2.9B
    FundVintageCommitted
    Advent International GPE X Limited Partnership2022$650M
    Advent Global Technology II Limited Partnership2022$150M
    Advent International GPE IX Limited Partnership2019$550M
    Advent International GPE VIII-B Limited Partnership2016$500M
    Advent International GPE VII-C2012$450M
    Advent International GPE VI-A2008$500M
    Advent International GPE V-D2005$81M
  • Washington State Investment Board7 funds$2.6B
    FundVintageCommitted
    Advent International GPE X Limited Partnership2022$600M
    Advent Latin American Private Equity Fund VII2021$200M
    Advent International GPE IX2019$600M
    Advent International GPE VIII-B2016$500M
    Advent Latin American Private Equity Fund VI-H2015$160M
    Advent International GPE VII-B2012$400M
    Advent International GPE VI2008$135M
  • California State Teachers Retirement System4 funds$985M
    FundVintageCommitted
    Advent International GPE X2022$300M
    Advent International GPE IX2019$300M
    Advent International GPE VIII-D2016$150M
    Advent International GPE VI2008$235M
  • Oregon Public Employees Retirement Fund5 funds$700M
    FundVintageCommitted
    Advent International GPE XI2025$250M
    Advent International GPE X2022$200M
    Advent International GPE IX2019$100M
    Advent International GPE VII C2012$50M
    Advent International GPE VI A2008$100M
  • Minnesota State Board of Investments6 funds$655M
    FundVintageCommitted
    Advent International GPE XI2025$150M
    Advent International GPE X2022$150M
    Advent International GPE IX2019$115M
    Advent International GPE VIII-B2016$100M
    Advent International GPE VII2012$90M
    Advent International GPE VI-A2008$50M

What they claim to have backed

From their own portfolio page (on their website)

4 of 34 we have independently watched raise

companycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompanycompany

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed7 in all

Shoes For CrewsBought by CCMP Capital AdvisorsUndisclosedOct 2015
Enanta PharmaceuticalsListed$56MMar 2013
Airwide SolutionsBought by Mavenir SystemsUndisclosedMay 2011
LogMatrixBought by NitroSecurityUndisclosedOct 2010
DemantraBought by Oracle CorporationUndisclosedJun 2006
Topspin CommunicationsBought by CiscoUndisclosedApr 2005
Seranoa NetworksBought by White Rock NetworksUndisclosedMar 2005

An exit counts when it came after the firm's first round in the company. From historical deal records.

Companies it bought

Acquisitions by the firm itself

Faculdade da Serra Gaucha.UndisclosedMar 2015
Allied SAUndisclosedDec 2014
Distribution InternationalUndisclosedDec 2014
Noosa YoghurtUndisclosedNov 2014
Priory GroupUndisclosedJan 2011
DegussaUndisclosedDec 2005
Casa RehaUndisclosedSept 2005
Making MemoriesUndisclosedMay 2005
TillimpaUndisclosedJun 2004
Sportfive (Active Sports Marketing)UndisclosedMar 2004
DufryUndisclosedMar 2004
Bulgarian TelecommunicationsUndisclosedJan 2004

Who they invest alongside

The investors most often in the same rounds as Advent International. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Advent International put money into.

On podcasts

2 episodes naming Advent International in the title, and 4 more that mention it.

Mentioned in

Quick answers about Advent International

What does Advent International invest in?

Advent International invests most often at Venture and Series D (52% of the rounds on record), in sectors such as Business & Financial Services, Consumer and Healthcare.

How active is Advent International?

59 investments on record, 9 of them in the last 12 months, and it led 7. The most recent was in Oct 2026.

What has Advent International invested in recently?

Its most recent investments on record: Firehawk Defense (Series D, Oct 2026), Vinci (Series B, Oct 2026) and Mistral AI (Series D, Sept 2026).

How big are Advent International's cheques?

The median round it joins is $740M.

Does Advent International lead rounds?

Sometimes: it led 7 of its 59 investments on record (12%).

Where does Advent International invest?

Most of the companies it backs are in the United States (76%) and New Zealand (5%).

Is Advent International investing now?

Yes: it is actively investing, with 9 investments in the last 12 months.

Who does Advent International invest alongside?

Most often Alta Partners (5 rounds together), Accel (4 rounds together) and Atlas Venture (4 rounds together).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it