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ADVENT INTERNATIONAL, L.P.
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BOSTON MA
Investment Advisor
Hedge Fund
Activist Investor
Advent International is based out of Boston. Advent International is a hedge fund with 143 clients and discretionary assets under management (AUM) of $86,970,336,521 (Form ADV from 2024-03-30). Their last reported 13F filing for Q3 2024 included $4,724,579,207 in managed 13F securities
and a top 10 holdings concentration of 94.17%. Advent International's largest holding is CCC Intelligent Solutions Holdings Inc with shares held of 139,342,526. Whalewisdom has at least 97 13F filings, 51 13D filings, 39 13G filings, and 125 Form 4 filings
Business Description
Advent maintains a global network of Independent Advisors who are not employees but consultants engaged by Advent, the Funds, or their portfolio companies to provide advisory and other services. These advisors can be former employees of Advent and are compensated in various ways. Their involvement can lead to conflicts and risks due to their potential economic benefits and Advent's role in determining their involvement in portfolio companies.
Independent Advisors, including operating partners, are often involved in both pre- and post-investment activities. They assist in finding investment opportunities, conducting due diligence, and providing industry expertise and experience to portfolio companies. They also provide functional expertise to drive transformative initiatives and implement value-creation plans.
Investment Strategy
Advent's investment strategies vary based on the Investment Program. The Global Private Equity (GPE) Program focuses on buyouts and growth equity investments in companies primarily in Europe and North America, with selective investments in other global markets. The GPE Funds also pursue other global opportunities and sometimes co-invest with Advent's Latin American Program. The GPE Funds target five core sectors: business and financial services, healthcare, industrial, retail, consumer and leisure, and technology.
Advent may pursue strategies that are complementary to its business, but these strategies could create conflicts of interest with its existing Programs. If such complementary strategies are pursued, Advent will evaluate the investment opportunity based on factors such as market conditions, consistency with governing documents, and allocation policies. The suitability of each investment is evaluated by Advent and must be approved by the investment committee for the relevant Investment Program. This evaluation includes research on the company, its market and competition, a detailed financial and exit analysis, deal structuring, a review of management and employees, environmental studies, and other technical analysis.
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2024-09-30
Top Buys (13F)
Name | % Change |
---|---|
CINT CI&T Inc | 7.06% |
MDB MongoDB Inc | 0.21% |
MRVL Marvell Technology I | 0.09% |
ESTC Elastic NV | -0.05% |

2024-09-30
Top Sells (13F)
Name | % Change |
---|---|
NU Nu Holdings Ltd | 2.6% |
FIVE Five Below Inc | 0.89% |
DT Dynatrace Inc | 0.78% |
GFL GFL Environmental In | 0.65% |
TDG Transdigm Group Inco | 0.52% |

2024-09-30
13F Holdings Summary
Name | $ Change |
---|---|
CCCS CCC Intelligent Solu | 32.59% |
OLPX Olaplex Holdings Inc | 24.84% |
FWRG First Watch Restaura | 8.98% |
CINT CI&T Inc | 7.13% |
DH Definitive Healthcar | 5.91% |

2024-09-30
13F Activity
Market Value | $4.72b, Prior: $4.18b |
Inflows (Outflows) as % of Total MV | +2.234% |
New Purchases | 1 stocks |
Added To | 3 stocks |
Sold out of | 2 stocks |
Reduced holdings in | 5 stocks |
Top 10 Holdings % | 94.17% |
Turnover %[1] | 12.5% |
Turnover Alt %[2] | 4.88% |
Time Held Top 20 | 8.7 quarters |
Time Held Top 10 | 9.1 quarters |
Time Held All | 9.27 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-09-30
13F Sector Allocation Over Time
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2024-09-30
Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30