Advent has opened a new office in Abu Dhabi International Financial Centre (ADGM), appointing Mehdi Iraqi as managing director to lead the firm's expansion into the Middle East. Iraqi, who joined Advent in January 2026, brings nearly two decades of experience covering the region's institutional investors. The firm now operates 18 offices across 15 countries, extending its global platform.
The new base will allow Advent to deepen engagement with investors, support existing portfolio companies, and explore investment opportunities in the region. James Brocklebank, managing partner and co-chair of Advent's global executive committee, stated that having local colleagues enables the firm to be closer to institutions and long-term partners supporting their work. Advent was founded in 1984 and oversees over $109 billion in assets under management, with 460 investments across 45 countries.
Source: PE Hub · Summarized by HeadlinesBriefing