Advent puts $2 bn in latest LatAm fund

US private equity firm Advent International said Tuesday that it raised $2 billion for its seventh fund in Latin America with commitments from institutional investors around the world. Advent will focus the Latin American Private Equity Fund VII, or LAPEF VII, on investments in Brazil, Colombia, Mexico and Peru, the countries where it has offices in Latin America, as well as Argentina and Chile. The fund will make buyouts, corporate carve-outs and equity investments, ranging in size from $50 million to $300 million or more, Advent said.

Source: Latin Finance