Advent International is said to be in the process of seeking investors for a new flagship fund that could potentially match its previous record-setting $25 billion fund.

It has been reported that the private equity firm has been holding preliminary meetings with its limited partners since last month to discuss the size of the new fund, which is expected to be in the mid-$20 billion range.

Advent has a reputation for making significant investments and has started reaching out to its network of investors to gauge interest in this ambitious fundraising effort. This move demonstrates Advent's ongoing commitment to expanding its investment capabilities in the private equity sector.