Advent in 2026?
Any thoughts on Advent as of late?
See some positive older stuff but curious about any more recent views
For context worked sellside defense tech for processes they were involved in and thought they seemed interesting but not sure what broader perception is
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Pure play, scaled fund that is pretty hard to beat in terms of learning how to be a true private equity investor (would put them and CD&R + H&F in this tier). Very well respected and will close a ~$26bn fund shortly. Performance varies by sector team and by geo (i.e. US vs Europe). Very strong culture across the board but has gotten quite large / bloated in terms of headcount so promotion prospects are generally a crapshoot
Everybody jumping ship. Pretty broken form for those in the know. Probably fine for your Associate years but not a long term gig
Is this for a particular group or across the board? Thought consumer and industrials are quite strong and tech weaker
US team has been going through some restructuring.
As a firm rather than sector specific. Industrials still good performance but others things are an issue (pay, upward mobility, culture, etc.)
About to close a $26B fund but yeah pretty broken
Congrats on Golden Gate
No need to be so defensive little buddy. I get it you’re sacrificing a lot of your time and think it’s all such a big deal bla bla so it’s hard to stomach it’s not going well. The issues don’t affect you as an Associate and you might not even be aware but try to get a bit closer to your seniors and you’ll get a sense of what’s going on. Anyway good luck, idgaf
Legacy name with very strong brand.
However, I really can't help but wonder why anyone would want to go to one of these MFs or at least try to stay beyond ASO years, unless you're connected and somehow see a path upward.
These funds are at such scale it's very hard to generate above-market returns, and it's impossible to get promo'd (unless again, you have some unique avenue up).
Advent Tech I heard ancedotally is shutting their side-pocket fund. Tough to lose $4B per fund AUM supporting group headcount
Curious because they are raising the 3rd iteration no reportedly?
Think you commented this on another thread very recently so not sure what your grudge is against this team but would encourage you to get over it. First tech fund was deployed into peak software multiples just like every other tech PE fund in the world. Second tech fund is on track to be a good program. Third fund is actively being raised. Chill out with your insecurity
Source: currently work at Advent
Curious to hear your views on promotion - was this something you considered beforehand / how do you think about it? While most don’t get the promo, who does and why?
I joined knowing full well my odds of being a VP were slim to none but wanted the excellent training this place provides either way. Also, I have no shortage of friends in PE at other shops who hate their lives and think I’m crazy for wanting to make this my career, which I mention to illustrate the point that the culture here is just that strong.
The people who get promoted straight through are the ones that “get it” and get it early. You can tell from the start they think like an investor and are on par with the VPs that get hired from MBAs. I think most associates get there by the end of their program but the ones that get it the earliest are the ones that are asked to stay.
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