Advent International, L.P.
Candidate, based in Boston, Massachusetts, reporting $92B of fund assets across 133 funds.
Composed from this organization's classification, location and filed figures.
21 additional team members, 133 additional investments, funds and LPs, 69 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Nothing material in the last 180 days.
People to know
View all people- Executive Officers' Committee MemberWhy: Named with investment responsibilityNo route on file yet
- Executive Officers' Committee MemberWhy: Named with investment responsibilityNo route on file yet
- Executive Officers' Committee MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
59 connected entities2 observed rounds1 dated round shown here, 2010
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Capital provider
- Fund or vehicle
- Person
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Advent International, L.P.: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Advent International, L.P.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
4 companies on record, 0 new in 12 months
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Shift Technology | portfolio listing | lead | unknown | unknown | unknown | Sep 27, 2026 | Fact Company website |
| Seedtag | portfolio listing | unknown | unknown | unknown | unknown | Sep 13, 2026 | Fact Company website |
| Five Below, Inc | Form D equity offering | unknown · board | David Marks Mussafer (strongly supported) | $194M form d sold | unknown | Oct 28, 2010 | Inference Form D |
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
9 current, 18 departed
- David Marks Mussafer · Executive Officers' Committee MemberWhy this person: Named with investment responsibility
- James Gerald Arthur Brocklebank · Executive Officers' Committee MemberWhy this person: Named with investment responsibility
- Jan Janshen · Executive Officers' Committee MemberWhy this person: Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
- Executive Officers' Committee Member · 2 deals attributed
- Executive Officers' Committee Member
- Executive Officers' Committee Member
18 departed (kept with end dates)
- Peter Albert Brooke · Chairman Emeritus · Dec 1, 2015 to Mar 31, 2021 Inference
- Christian Michael Mruck · Voting Commmon Shareholder · Jul 1, 2013 to Mar 31, 2014 Inference
- Frederic Evans Wakeman · Voting Common Shareholder · Jul 1, 2013 to Mar 31, 2014 Inference
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
18 vehicles, 9 LPs disclosed
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Advent Global Technology III | Fund | 2025 lp reported | Early deployment | unknown | unknown | unknown | unknown |
| Advent International GPE XI SCSp | Fund | 2025 lp reported | Early deployment | unknown | unknown | unknown | unknown |
| Advent International GPE X | Fund | 2022 lp reported | Active deployment | unknown | unknown | unknown | unknown |
- 2022-04-283 commitments to 2 funds · $105M disclosed
| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | Advent International GPE X Limited Partnership | $650M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| Washington State Investment Board | PUBLIC INSTITUTIONAL POOL | Advent International GPE IX | $600M committed | committed Oct 21, 2019 | Fact Pension disclosure |
| Washington State Investment Board | PUBLIC INSTITUTIONAL POOL | Advent International GPE X Limited Partnership | $600M committed | committed Sep 26, 2022 | Fact Pension disclosure |
Relationships across DFX
3 co-investors · on 4 other DFX graphs
- 2026-09-301 shared deal · one time
- 2026-09-271 shared deal · one time · they led 1 · this firm led 1
- 2026-09-271 shared deal · one time · this firm led 1
Across DFX and the capital chainon 4 other DFX graphs · 230 capital paths ShowHide
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Allocators (2 records), Private Equity, Independent Sponsors, RIA and Wealth, matched by identifier. See which records
Advent International, L.P. is the same institution as 5 records in Allocators, Private Equity, Independent Sponsors and RIA and Wealth.
DFX found 5 relationships across 4 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Advent International, L.P. sits on 230 traced paths of capital across the graphs.
DFX traced 230 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
74 dated events, 55 observations from 3 sources
- seen on or beforeSep 24, 2026Advent International, L.P.: CORPORATE_VENTURE -> CANDIDATE_VC (no sworn venture fact yet (name or round mention only))Classification changedClassificationInferenceno URL
- Mar 31, 2026OPERF reports Advent Global Technology: $50,000,000 committed, vintage 2019, net IRR 5.7%, 1.3x
- Dec 31, 2025LACERS reports Advent Global Technology: $15,000,000 committed, vintage 2019, net IRR 8.2%, 1.43x
- Jun 30, 2025CalSTRS reports Advent Global Technology L.P.: $100,000,000 committed, vintage 2020, net IRR 10.0%, 1.49x
- Jun 30, 2025Mass PRIM lists Advent International among its private equity managersLP commitment disclosedLPsFactMassachusetts Pension Reserves Investment Management BoardPension disclosure
Address, phone, Form ADV filing and ownersForm ADV filed Aug 14, 2026 · 133 private fundsShowHide
- Headquarters
- Boston, MAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- adventtech.com
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Aug 14, 2026
- Private funds reported
- 133 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $92Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $87Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 247
- Owners on Schedule A
- AIC Manager Holdings, L.P. (Limited Partner), owns 75% or more; AIC Parent, Inc. (Limited Partner), owns 75% or more; Advent International GP, LLC (General Partner)
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 24, 2026Candidate (candidate, 50%)No sworn venture fact yet (name or round mention only)
- Sep 12, 2026Corporate venture (candidate, 50%)Corporate parent: AIC Parent, Inc.
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC adviser type | Registered investment adviser | Aug 14, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Mar 30, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Aug 14, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Mar 30, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-08-14 | Aug 14, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-30 | Mar 30, 2024 | Fact | Form ADV |
| Venture share of reported funds | 0 | Aug 14, 2026 | Fact | Form ADV |
| Venture share of reported funds | 0 | Mar 30, 2024 | Fact | Form ADV |
| Business phone | Mar 30, 2024 | Fact | Form ADV | |
| Employees | 247 | Mar 30, 2024 | Fact | Form ADV |
| Headquarters | Boston, MA | Mar 30, 2024 | Fact | Form ADV |
| Office address | Mar 30, 2024 | Fact | Form ADV | |
| Private funds reported | 133 | Aug 14, 2026 | Fact | Form ADV |
| Private funds reported | 143 | Mar 30, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $92B | Aug 14, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $87B | Mar 30, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $87B | Mar 30, 2024 | Fact | Form ADV |
| Venture funds reported | 0 | Aug 14, 2026 | Fact | Form ADV |
| Venture funds reported | 0 | Mar 30, 2024 | Fact | Form ADV |
| Website | Mar 30, 2024 | Fact | Form ADV | |
| Website status | unreachable “home page did not answer with HTML” | Sep 16, 2026 | Fact | no URL |
| Website status | unreachable “home page did not answer with HTML” | Sep 14, 2026 | Fact | no URL |
How this is scored
Scores, classification basis and filing advisersCandidate, candidateShowHide
No sworn venture fact yet (name or round mention only)
- importance
- gav: $0 · funds: 0 · people: 0.2 · investments: 0.22 · scale basis: Venture-typed funds only (Candidate): 0 funds, $0M of $91.6B reported · co investors: 0.19
- active deployment
- investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: not scored
- emerging manager
- fund count: 34 · reported gav: $92B · first adv filing: 2012-03-29 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Organization classification changed2026-09-24
- LP commitment disclosed2026-03-31source on record
- LP commitment disclosed2025-12-31source on record
+5 more changes on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.