Kirkland Advises Advent on Raising $30 Billion
Kirkland & Ellis advised Advent, a leading global private equity investor, on raising $30 billion across its global fund complex, comprising close to $27 billion for its 11th flagship fund, Advent International GPE XI, and over $3 billion for its new mid-market strategy, Advent Mid-Market Private Equity. The fundraising reflects robust global investor demand and confidence in Advent’s differentiated, pure-play private equity model, having attracted a meaningful number of new investors to the firm alongside strong support from long-standing limited partners. It builds on Advent’s track record of returning capital to investors, with 2026 among the firm’s most active years for realizations to date of approximately $13 billion across 27 businesses, with investments of approximately $10 billion across 38 new and existing businesses year to date, including closed and pending deals.*
The Kirkland team included investment funds lawyers Jim Donohue, Mirela Hristova, Daniel Lavon-Krein, Michelle Kim, Joseph Baron, Tony Mu, Kendall Thielemann and Reed Carroll; investment funds regulatory lawyers Alpa Patel and Olga Kamensky; and tax lawyers Lee Morlock and Brandon Short.
