Dry Powder: The Private Equity Podcast
For more than four decades, Advent International has been one of the most consistently global firms in the industry, and it has achieved something quite rare: an unusually balanced presence between North America and Europe, along with a substantial footprint in Latin America and Asia.
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“We call it ‘pond skipping,’” says John Maldonado, managing partner at Advent, “this idea that maybe it worked in North America—could it work in Latin America or Asia? It’s been a really successful playbook for us.”
Today on Dry Powder, I ask John to discuss how the firm combines deep sector expertise with true global scale. We’ll also dive into how Advent strives to deliver standout returns in today’s far more competitive market.
“What we always seek, across every deal, in every region, in any sector, is … to articulate a credible path to how we could have a breakout return,” John says. “And for us, that means three-plus times your money.”
The Private Equity Podcast
In our podcast series, Bain's Hugh MacArthur interviews leading experts on the trends and opportunities that will redefine the private equity industry.