Advent raises €1bn

Advent International has closed a fourth Central & Eastern Europe fund on €1bn. Investments will be carried out by teams in four countries in CEE, with a focus on companies requiring €30m to €100m of equity investment.

Four of the largest investors in ACEE IV, by committed capital, are GIC Special Investments, AlpInvest Partners, California State Teachers’ Retirement System and the EBRD.