Advent International has closed its seventh fund with $10.8 billion in commitments, marking the largest PE fund raised since the start of the financial crisis in September 2008, according to the Boston firm.

Advent, one of the first private equity firms to invest outside the U.S., was founded in 1984 by Peter Brooke, as the successor to TA Associates, which he had founded in 1968. With offices in 16 countries, Advent focuses on international buyouts, strategic repositioning opportunities and growth buyouts and has raised more than $37 billion over the years.

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