How does private equity differ from venture capital?
Industry terminology varies, but it is a widely accepted norm that the term ‘private equity’ refers to later-stage investments in already established businesses. These later-stage investments are sometimes generalised as ‘buyouts’. ‘Venture capital’ typically refers to earlier-stage investments in companies that require either start-up or expansion capital. Advent International focuses on mid-sized company buyouts of €200 million to €1 billion and does not make venture capital investments.
