Advent International, a midmarket buyout fund, closed the 330 million euro ($425 million) ACEE III, its third fund dedicated to central and eastern Europe, said Joanna James, Advent managing director for central and eastern Europe.
Investors in the fund include Teachers Private Capital, the in-house private equity group that manages a C$5 billion portfolio for the C$85 billion (US$69.8 billion) Ontario Teachers' Pension Plan, Toronto, and AlpInvest Partners, the private equity arm of NIB Capital, which is owned by two Dutch pension funds, the 59.9 billion euro PGGM, Zeist and 168 billion euro Stichting Pensioenfonds ABP, Heerlen.
