Those crisis-era payments investments made Advent one of the strongest performing and fastest-growing private equity investors in the world. Advent’s $3.3 billion 2005-vintage private equity fund generated a 42% net internal rate of return, according to data from Calpers. Its subsequent 2008 fund, Advent Global Private Equity VI, raised $10.4 billion and generated a 16%-plus net IRR, outperforming most peers. Then, the exit multiple will take care of itself.”M ussafer forged his path to the apex of the private equity world from a start far from Wall Street. By the 1990s, Mussafer wanted to execute private equity buyouts, instead of financing other people’s deals.

Source: Forbes September 27, 2021 18:11 UTC