Advent International has opened a new office in Shanghai. Led by managing director Filippo de Vecchi and principal Andrew Li, Advent China will provide local market support to existing global portfolio companies looking to expand in the country through both organic growth and acquisitions. The team will also invest in Chinese companies that operate in Advent's core sectors, with a focus on chemicals, healthcare and retail, consumer and leisure. Advent has been in the Chinese market for over 20 years. Its Shanghai office employs a team consisting of mainly Chinese nationals with extensive cross-sector investment experience in mainland China.