Advent International has raised $13bn (£9.2bn) for a new global private equity fund in six months.
The new fund, Advent International GPE VIII, will invest in buyouts, recapitalisations and growth equity transactions.
It will primarily focus on Europe and North America but also selectively in Asia and Latin America.
The fund will focus on five areas: business and financial services; healthcare, industrial, retail, consumer and leisure; and technology, media and telecom.
Advent's previous global fund closed on $10.8bn in 2012.
Last year saw private equity fundraising return to pre-financial crisis levels.
In 2015, more than $550bn was raised in “private capital” investment, according to data from Preqin.
The new fund will be handled by a team of more than 130 investors across Europe, North America and Asia.
David Mussafer, a managing partner at Advent International in Boston, United States, said: “We believe that our success is a result of our long-established sector focus, global footprint and network, private partnership model, and the significant operational resources and expertise we apply to our investments.
“This solid foundation positions us well to continue to find and build successful businesses around the world.”
Last week, the Treasury confirmed plans to privatise the Land Registry. City A.M. understands Advent and others are considering bids for the agency, which has previously been valued at £1.2bn.