Advent International raises $2bn

Boston-based private equity firm Advent International closes its seventh Latin American fund at $2bn.

Fund name: LAPEF VII
Amount raised: $2 billion
Target size: $2.2 billion
Stage of fundraising: Final close
Final close date: September 2020
Transaction size: Between $50 million and $300 million

Advent International has completed fundraising at $2 billion for its seventh fund focused on Latin America, LAPEF VII. Advent is looking to invest in 13 to 15 opportunities in the financial services, healthcare, industrials, consumer and technology sectors. While the fund encompasses all of Latin American, there will be a focus on Brazil, Colombia, Mexico and Peru.