Press Release September 30, 2020

Advent International Raises $2 Billion For Seventh Private Equity Fund Dedicated To Latin America

The Private Investment Funds team advised Advent International on its fundraising for Advent Latin American Private Equity Fund VII (LAPEF VII). LAPEF VII received $2 billion in commitments from institutional investors worldwide.

Advent is one of the largest and most experienced global private equity investors.

The new fund brings Advent’s total capital raised for Latin America since 1996 to approximately $8 billion. Including its Global Private Equity IX and Advent Tech funds closed last year, on which Goodwin also advised the company, Advent has raised $22 billion in private equity capital in the last 16 months.

Continuing the same pan-regional, sector-focused strategy as its predecessors, LAPEF VII will invest primarily in Brazil, Colombia, Mexico and Peru, and may also invest opportunistically in nearby countries including Argentina and Chile. It will focus on five sectors where Advent has significant experience and knowledge: (1) business and financial services; (2) healthcare; (3) industrial; (4) retail, consumer and leisure; and (5) technology. The Fund will have the flexibility to deploy capital across various deal types — including buyouts, corporate carve-outs and growth equity transactions — and sizes, with equity investments ranging from $50 million to $300 million or more.

The Goodwin team was led by David Watson, James Donohue, Neal Sandford, and Mirela Hristova, and included Joe Baron, Michelle Kim, Evin Luongo, Andrew Silvia, Mike Pickett, and Jessica Taubman.

For more details, read the press release.