AltAssets
17 Apr 2008
Mid-market buy-out firm Advent International has closed its fourth CEE fund on €1bn, the hard cap of the fund. ACEE IV had an original target of €750m.
GIC Special Investments, AlpInvest Partners, California State Teachers' Retirement System and the EBRD are among the largest investors in ACEE IV.
ACEE IV will invest in companies requiring €30-100m of equity. As with previous ACEE funds, the team can also draw upon additional capital from Advent's global funds for larger deals.
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