Mumbai, Oct. 27 -- Global private equity firm Advent International has raised close to $27 billion for its 11th flagship fund (GPE XI) - surpassing its target of $26 billion - and more than $3 billion for its new mid-market strategy, the company said in a statement on Tuesday.

The capital was raised from a broad mix of new and existing investors, including public and private pensions, sovereign wealth funds, endowments and foundations, institutional fund managers, family offices, and high-net-worth individuals.

The fundraise reflects strong global investor confidence in Advent's pure-play private equity model, attracting significant commitment from new investors while retaining firm support from long-standing limited partners, the compa...