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Advent International

Private equityoperating company · company profile

Boston · Series A–Late Stage · 61 people tracked

Also known as ADVENT GLOBAL OPPORTUNITIES MANAGEMENT LLC

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Investment thesis

Advent International invests globally in businesses across sectors such as industrials/energy, technology and software, healthcare, financial services, consumer, and retail. It specializes in complex corporate carve-outs, take-privates, and business building, working hand-in-hand with management teams and leveraging its Portfolio Support Group to drive operational transformation and value creation. The firm emphasizes deep sector expertise, long-term perspective, and on-the-ground regional presence across markets including Europe, the US, Brazil, India, and China. Advent takes a hands-on ownership approach, supporting M&A, product development, digital initiatives, and governance improvements to scale portfolio companies into domestic and international champions.

Source: firm website, verified Aug 25, 2026.

Stage
Series A–Late Stage
Check
$1.1B
HQ
Boston, MA, US
Leads rounds
Leads
Instruments
Equity
Founded
1984
Last 12 months
1 investment
AUM
$91.6B
Tracked investments
45

Team · 61 people

from the firm's website & curated & public directories
Ronald Ayles· Managing Partner
Bryan Taylor· Managing Partnerin
John Maldonado· Managing Partnerin
Ramón Arocena· Managing Directorin
Fabio Cali· Managing Directorin
Michael Marshall· Managing Directorin
Tom Allen· Managing Directorin
Akshay Alladi· Senior Director
Andres Aybar· Director
Andrew Li· Managing Director

Managing Director at Advent involved in the AI Dream investment in China.

Brenno Raiko· Managing Directorin

Managing Director at Advent involved in the Easynvest fintech investment in Brazil.

Christian Alba· Vice Presidentin
Côme Arhanchiague· Directorin
Eric Wei· Managing Directorin

Managing Director at Advent who worked on the CCC investment.

Jasmine Azizi· Vice Presidentin
Khaled Amin· Vice Presidentin
Mauricio Atri· Senior Director
Mohamed Atef· Director
Pankaj Patwari· Managing Directorin

Managing Director at Advent involved in the Bharat Serums and Vaccines investment.

Priscila Antunes· Directorin
Stephen Hoffmeister· Managing Director

Managing Director at Advent involved in the Culligan International investment.

Wilson Rosa· Managing Director

Managing Director at Advent involved in the Grupo Big investment in Brazil.

Christina Drakos· Directorin
Peter James· Directorin
Adele Aviles· Senior Associatein
Jorge Familiar Avalos· Associatein
Louis Aumann· Analystin
Rocco Arcieri· Associatein
Samanta Arellano· Analystin
Zojajha Ayub· Senior Associate

9 people who came through Advent International went on to found or lead other companies.

What they invest in

from 27 of 45 portfolio companies

AI & Machine Learning ×8Enterprise Software ×6SaaS ×6Consumer ×5Defense Tech ×5Fintech ×4Hardware ×4Cleantech ×3

HQs:United States×12India×4Germany×3Australia×1Italy×1Poland×1

Who they back

founder profiles across 5 portfolio companies
50%
repeat founders
of 10 founders with career history

Where their founders worked beforefrom 10 founders with career history

8VC ×2Twitter ×2

Investments · 45 tracked

founders shown can be your intro path

By year:2025 · 22022 · 12020 · 14 dated

Heatenheaten.comin✓ verified

HEATEN builds industrial heat pumps that recover waste heat from industrial processes such as steelmaking and convert it into clean power and heat.

CleantechClimate TechEnergyRemscheid, DE

Bernd Loeser(CEO)

Co-investorsNysnø Climate InvestmentsShell VenturesAzolla Ventures

Mangopay Acquiredmangopay.comin𝕏✓ verified

Mangopay provides flexible wallet infrastructure and payment solutions for online platforms and marketplaces to manage global money movement.

FintechMarketplacesSaaS

Co-investorsExpeditionsNAP

Meramamerama.ioin✓ verified

Merama acquires substantial minority stakes in e-commerce brands across Latin America and provides working capital, operational expertise, and proprietary technology to grow them.

ConsumerDirect to ConsumerE-commerceSpring, US

Sujay Tyle(Founder)inFelipe David Delgado Jr.(Director)Felipe Delgado(Founder)in

BoardMarcelo Lima(Director)Daniel Waterhouse(Director)inAlex Szapiro(Director)

Co-investorsSoftBank GroupBalderton CapitalBroadLight CapitalD4 VenturesInvariantes FundMONASHEES+8 more

Ourxplorourxplor.comin✓ verified

Xplor Education provides Office, a cloud-based CRM platform designed for Australian childcare services to automate enrolments, attendance tracking, government subsidy submissions, and payment processing.

EdTechEnterprise SoftwareFuture of WorkSaaSMelbourne and Auckland, AU

Mark Woodland

Co-investorsPartners for GrowthPartners for Growth (PFG)

Sapalaorganicssapalaorganics.com✓ verified

Sapala Organics is a contract research and manufacturing organization (CRO/CDMO) specializing in nucleic acid chemistry, oligonucleotide synthesis, and medicinal chemistry for the pharmaceutical industry.

BiotechDeep TechEnterprise SoftwareHealthtechMedical Devices

Dr. P.Y. Reddy(Founder)Dr. Yogesh Sanghvi

Co-investorsVenturEast

slicesliceit.comin𝕏✓ verified

slice is an Indian full-stack small finance bank (India's first fintech-turned-bank after merging with North East Small Finance Bank) offering consumer banking products such as savings accounts, fixed deposits, UPI, a UPI credit card, and credit/borrowing services.

ConsumerFintechSaaSBangalore, IN

Rajan Bajaj(Founder, MD & CEO)in

Co-investorsBlume VenturesInsight PartnersTiger Global Management8i VenturesBetter CapitalDG Daiwa Ventures+7 more

Slice Payslicepay.inin𝕏✓ verified

slice offers digital banking and lending products in India, including savings accounts, UPI payments, credit cards, deposits, and a range of loans for individuals, MSMEs, and merchants.

ConsumerFintechSaaSBangalore, IN

Rajan Bajaj(Founder, MD & CEO)

Co-investorsInsight PartnersBlume VenturesTiger Global ManagementTracxn labs

Aditya Birla Housing Finance

A housing finance company in India.

Adityabirlacapitaladityabirlacapital.comin𝕏

Aditya Birla Capital Limited is a listed non-banking financial company providing loans, investments, insurance, and payment solutions across India.

Enterprise SoftwareFintechInsurTech

AI Dream

Premium multi-brand mattress and sleep products platform in China.

Atwellatwell.comin𝕏

Atwell is a professional services firm that delivers engineering, consulting, and technical project solutions across a range of markets, adapting its offerings to emerging client challenges.

Construction TechEnergyPropTech

Avioavio.comin𝕏

Avio designs, manufactures, and integrates space launchers and tactical missiles, operating as a space propulsion company.

Defense TechSpace Tech

Bharat Serums and Vaccines

Indian pharmaceutical company focused on women's health and fertility products.

Bharat Serums and Vaccines (BSV)

India-based serums and vaccines company.

CCC

Vertical market software platform serving the auto collision repair industry using data and AI.

Culliganculligan.comin

Culligan manufactures and sells whole-home water filtration systems that treat contaminated water at the point where it enters the home, targeting specific issues like iron, hydrogen sulfide, arsenic, chlorine, and sediment.

CleantechConsumerHardware

Co-investorsBCI

Culligan International

Global consumer drinking water services and filtration company.

Cywarecyware.comin𝕏

Cyware provides a cybersecurity platform that enriches, correlates, and operationalizes cyber threat intelligence across an organization's tools and teams, using AI to enable faster, automated, and collaborative threat responses.

AI & Machine LearningCybersecurityEnterprise SoftwareWest Orange, US

Anuj Goel(CEO)inAkshat Jain(Founder)in

Co-investorsEmerald Development ManagersTen Eleven

Easynvest

Brazilian fintech investment platform (now NuInvest) offering fee-free equity trading.

Genoa Healthcaregenoahealthcare.comin

Genoa Healthcare operates full-service pharmacies located inside mental health and community clinics, offering medication management for people with complex needs.

Digital HealthHealthtechMedical DevicesMental HealthWellness & Fitness

Co-investorsAsset Management CompanyBPOCShumway CapitalWonder VenturesiSeed VenturesRock Health+1 more

Grupo Big

Brazilian grocery retailer acquired from Walmart; later sold to Carrefour Brazil.

HYPRhypr.comin𝕏Dec 2022 · $25M

HYPR provides phishing-resistant, passwordless authentication for enterprise security teams using device-bound passkeys and public key cryptography.

CybersecurityEnterprise SoftwareSaaSNew York, US

Roman Kadinsky(Founder)

Co-investors.406 VenturesComcast VenturesRTP GlobalRRE Ventures

INNIOinnio.comin𝕏

INNIO builds gas engine and power-generation technology, including its Jenbacher and Waukesha engine lines, for applications such as combined heat and power, peaking plants, microgrids, and backup power for data centers.

Advanced ManufacturingCleantechEnergy

InPostinpost.eu

InPost operates an out-of-home e-commerce delivery network of automated parcel machines (APMs) and pick-up/drop-off points, alongside to-door courier and fulfillment services for e-commerce merchants.

E-commerceLogistics & Supply Chain

Rafal Brzoska(Founder & CEO)

Iscon Balaji

A leading exporter of frozen potato products.

Isconbalajifoodsisconbalajifoods.comin

Iscon Balaji Foods, founded in 2012 as a collaboration between Balaji Wafers and the Iscon Group, processes potatoes into frozen and packaged potato food products for chefs and consumers.

AgTechFoodTech

Natura

A leading beauty and personal care company.

Naturabrasilnaturabrasil.com
OpenAIopenai.comin𝕏

OpenAI is an AI research and deployment company focused on developing artificial general intelligence (AGI) with emphasis on safety and beneficial outcomes for humanity.

AI & Machine LearningCloud ComputingEnterprise SoftwareSan Francisco, US

Sam Altman(Co-founder & CEO)Elon Musk(Co-founder & former Co-chair / board member)Greg Brockman(Co-founder & President)inIlya Sutskever(Co-founder & Chief Scientist)inWojciech Zaremba(Co-founder)inJohn Schulman(Co-founder (departed 2024))

Co-investorsA.Capital VenturesA'Z AngelsAlpha Wave GlobalAndreessen HorowitzAntiBedrock+54 more

OpenAI Deployment Company

Helping organizations build and deploy AI systems.

Quantum Systemsquantum-systems.comin𝕏

Quantum Systems designs and manufactures electric vertical take-off and landing (eVTOL) unmanned aerial systems for military, defense, and commercial customers to collect aerial intelligence and real-time mission-critical data.

AI & Machine LearningDeep TechDefense TechHardware

Tobias Kloss(Founder)inArmin Busse(Founder)Florian Seibel(Co-Founder & Co-CEO)inSven Kruck(Co-CEO)inDave Sharpin(CEO at Quantum Systems Inc.)in

Co-investorsBalderton CapitalBayern KapitalHV CapitalNotion CapitalAirbus VenturesIn-Q-Tel+6 more

Rubix
Salt & Stone

A leading premium body care brand.

Saltandstonesaltandstone.comin

Salt & Stone manufactures aluminum-free, natural deodorants formulated for extended odor protection with botanical ingredients.

ConsumerDirect to ConsumerE-commerceWellness & Fitness

Saronicsaronic.comin𝕏

Saronic builds autonomous surface vessels — including the 180-foot, long-range Marauder — along with Echelon, a command-and-control software layer for planning, simulating and operating single vessels or fleets.

AI & Machine LearningDefense TechHardwareRoboticsAustin, US

Dino Mavrookas(Co-Founder and CEO)inRob Lehman(Co-Founder and Chief Commercial Officer)inVibhav Altekar(Co-Founder and CTO)inDoug Lambert(Co-Founder and COO)inPatrick DePriest(Chief Financial Officer)inSoo Cho(Chief People Officer)in

Co-investors1Flourish Capital8VCAlpha PartnersAndreessen HorowitzAntiBessemer Venture Partners+21 more

Seedtagseedtag.comin

Seedtag provides contextual advertising technology, running full-funnel ad campaigns that target audiences based on interest, emotion, and intent rather than personal data.

AdTechAI & Machine LearningMarketing TechNew York City, US

Jorge Poyatos(Founder)Albert Nieto Riera(Founder)in

Co-investorsAcurio VenturesManta Ray VenturesAdara VenturesOakley

Shield AIshield.aiFeb 2025

Shield AI develops AI pilot systems for military applications including aircraft, drones, ships, satellites, and submarines.

AI & Machine LearningDefense TechSan Diego, US

Brandon Tseng(President & Co-Founder)inRyan Tseng(President, Co-Founder & Chief Strategy Officer)inAndrew Reiter(Co-Founder)inKingsley Afemikhe(Executive Officer)inGary Steele(Chief Executive Officer)in

BoardKeith Dunleavy(Director)

Co-investors645 VenturesAdvaita CapitalAlpha PartnersAltra VentureAndreessen HorowitzBeyond Capital+34 more

Skyoneskyone.solutionsinDec 2025

Skyone offers a multi-cloud platform that integrates ERPs and legacy systems into a unified data lake to build custom AI agents and automate business processes, along with public cloud infrastructure and 24×7 cybersecurity.

AI & Machine LearningCloud ComputingCybersecurity

Co-investorsInvest TechBewater Ventures

SonarSourcein

Austin, US

Olivier Gaudin(Director)Eyal Ben David(Chief Legal Officer)Jean Campeau(Chief Financial Officer)Tariq Shaukat(Chief Executive Officer and Director)

BoardRichard Wells(Director)Alexander Ferro(Director)

Co-investorsGeneral CatalystInsight Partners

STARK

European defence company delivering unmanned systems for Europe and NATO.

Co-investorsBlueYard CapitalSequoia Capital

STARK Defencestark-defence.comin

Stark Defence describes itself as a defense company emphasizing speed of assembly and investing over 45% of its expenditure into R&D to convert innovation into capability.

Deep TechDefense TechBerlin, DE

Johannes Schaback(Founder)

Co-investorsAir Street CapitalProject A Ventures

Thrasio HoldingsMar 2020

Walpole, US

Joshua Silberstein(Executive Officer, Director, Promoter)Carlos Cashman(Executive Officer, Director, Promoter)Daniel Boockvar(Executive Officer)inTodd Zipper(Director)Tom Szkutak(Director)Joe Falcao(Executive Officer)

TK Elevatortkelevator.comin

TKElevator (TKE) designs and manufactures elevators for buildings, with a focus on high-rise mobility systems that use embedded AI, chip technology and cloud connectivity for traffic management and predictive maintenance.

HardwareIoTPropTech

TKE

Urban mobility (elevator technology) business carved out of thyssenkrupp AG in 2020.

Co-investorsCinven

Zenotizenoti.comin𝕏

Zenoti provides cloud-based software for managing operations at salons, spas, medspas, and fitness businesses in the beauty and wellness industry.

AI & Machine LearningCloud ComputingSaaSWellness & FitnessBellevue, US

Sudheer Koneru(Founder & CEO)inDheeraj Koneru(Co-founder)inAnand Arvind(Co-founder & Chief Product Officer)inNeal Singh(Chief Operating Officer)inAmita Tomkoria(Head of Global Finance)inSunil Koneru(Head of Professional Services & Customer Experience)in

Co-investorsAccelAvataar Venture PartnersNorwest Venture PartnersTiger Global ManagementTPG

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 35

as of Dec 2025
FundVintageCommittedNet IRRTVPIDPI
Advent International GPE XLPs: California Public Employees' Retirement System, Washington State Investment Board, Michigan Municipal Employees' Retirement System +15 more202216.5%1.34x0.02x
Advent International GPE X Limited Corporate FinanceLPs: Public Employee Retirement System of Idaho202213.2%1.20x
Advent Global Technology IILPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, California State Teachers' Retirement System +3 more202114.2%1.36x0.00x
Advent Global Technology IIrLPs: Orange County Employees Retirement System202114.2%1.40x
Advent LatAm PE Fund VII SCSPLPs: California State Teachers' Retirement System20217.4%1.19x0.22x
Advent Latin American Private Equity Fund VII SCSpLPs: Washington State Investment Board, Oregon Public Employees Retirement System, District of Columbia Retirement Board20217.3%1.20x0.22x
Advent Global TechnologyLPs: California State Teachers' Retirement System, Oregon Public Employees Retirement System, Orange County Employees Retirement System +2 more20198.9%1.45x0.14x
Advent International GPE IXLPs: Washington State Investment Board, California Public Employees' Retirement System, Michigan Municipal Employees' Retirement System +16 more201912.9%1.64x0.38x
Advent International GPE IX-A SCSPLPs: Northern LGPS20190.89x
Advent International GPE VIIILPs: Maine Public Employees Retirement System, Employees' Retirement System of Rhode Island201615.6%2.07x1.41x
Advent International GPE VIII B SMALPs: Orange County Employees Retirement System201615.4%2.10x1.44x
Advent International GPE VIII B-2LPs: Los Angeles City Employees' Retirement System201615.8%2.09x1.41x
Advent International GPE VIII-B, L.P.LPs: California Public Employees' Retirement System, Washington State Investment Board, Michigan Municipal Employees' Retirement System +5 more201615.3%2.06x1.44x
Advent International GPE VIII-D LPLPs: Florida State Board of Administration, California State Teachers' Retirement System201615.8%2.09x1.41x
Advent Latin American Private Equity Fund VILPs: Michigan Municipal Employees' Retirement System, Pennsylvania Public School Employees' Retirement System, District of Columbia Retirement Board201512.2%1.72x1.19x
Advent Latin American Private Equity Fund VI CLPs: Oregon Public Employees Retirement System201512.2%1.78x1.04x
Advent Latin American Private Equity Fund VI-H, L.P.LPs: Washington State Investment Board201512.2%1.80x1.04x
Advent Latin America PE Fund VILPs: Maine Public Employees Retirement System, Bush Foundation201412.2%1.72x1.04x
Advent International GPE VIILPs: Minnesota State Board of Investment, Maine Public Employees Retirement System, Employees' Retirement System of Rhode Island +1 more201213.1%1.67x1.60x
Advent International GPE VII BLPs: Washington State Investment Board, The Regents of the University of California, Pennsylvania Public School Employees' Retirement System +4 more201213.1%1.80x1.73x
Advent International GPE VII CLPs: California Public Employees' Retirement System, Florida State Board of Administration, Oregon Public Employees Retirement System +1 more201213.2%1.81x1.73x
Advent International GPE VII-D LPLPs: Florida State Board of Administration201213.7%1.87x1.87x
Advent Latin America Private Equity Fund V-H L.P.LPs: California Public Employees' Retirement System20101.4%1.08x0.58x
Advent Latin American Private Equity Fund V, L.P.LPs: Washington State Investment Board, Pennsylvania Public School Employees' Retirement System20101.5%1.10x0.90x
Advent Central & Eastern Europe IV LPLPs: California State Teachers' Retirement System2008-9.5%0.64x0.64x
Advent International GPE VI ALPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, Minnesota State Board of Investment +6 more200816.3%2.09x2.01x
Advent International GPE VI L.P.LPs: California State Teachers' Retirement System, Washington State Investment Board, Florida State Board of Administration +1 more200815.4%2.00x1.91x
Advent International GPE VI-D LPLPs: Florida State Board of Administration200816.6%2.09x2.09x
Advent Latin America Private Equity Fund IV-D, L.P.LPs: California Public Employees' Retirement System20079.1%1.51x1.43x
Advent Latin American Private Equity Fund IV, L.P.LPs: Pennsylvania Public School Employees' Retirement System, Washington State Investment Board20078.7%1.50x1.42x
Advent Latin American Private Equity Fund III-D L.P.LPs: California Public Employees' Retirement System20069.8%1.48x1.44x
Advent International GPE V-D, L.P.LPs: California Public Employees' Retirement System, Hawaii Employees' Retirement System, Maryland State Retirement and Pension System200542.7%2.42x2.42x
Advent Global Private Equity IV-A, L.P.LPs: California Public Employees' Retirement System200252.0%3.25x3.25x
Advent International Global Private Equity VIII-DLPs: Florida State Board of Administration200124.5%2.18x0.77x
Advent International GPE VIIIBLPs: Maine Public Employees Retirement System, Maryland State Retirement and Pension System, Pension Reserves Investment Management Board15.8%1.94x1.37x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Advent International made?
Advent International has 30 tracked investments.
What stage does Advent International invest at?
Advent International invests at the Series A, Series B, Series C, Growth, Late Stage stages.
What is Advent International's typical check size?
Advent International typically writes checks of $1.1B.
What sectors does Advent International focus on?
Advent International focuses on Advanced Manufacturing, AI & Machine Learning, Biotech, Consumer, Data & Infrastructure, E-commerce, EdTech, Energy, Enterprise Software, Fintech, FoodTech, Hardware, Healthtech, Logistics & Supply Chain, Media & Entertainment, Medical Devices, Mobility & Transportation, New Materials, Retail Tech, SaaS.
Where is Advent International located?
Advent International is headquartered in Boston, US.
Does Advent International lead rounds?
Yes, Advent International leads investment rounds.
Who does Advent International co-invest with?
Advent International most often shares deals with Project A Ventures, 8VC, Andreessen Horowitz, among 36 tracked co-investors.

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