Global private equity and venture capital news and research

Advent International to launch $2bn Latin American fund

19 May 2014

south-america-mapPrivate equity firm Advent International is reportedly preparing to launch its sixth Latin American fund.

Latin American Private Equity Fund VI is expected to be launched later this month with a $2bn target, several sources told PeHUB.

Advent’s previous fund focused on the region held a final close on $1.65bn in 2010, three years after the firm raised $1.3bn for its fourth Latin American vehicle.

The fifth fund was generating a return multiple of 1.1 times as at the end of September, CalPERS data showed.

Last month Advent reached a deal to merge payments auditor Connolly with Goldman Sachs’ medical claims company iHealth Technologies.

Other Latin American-focused funds currently in the market include Acon Investments’ fourth fund, which had commitments of $197.3m as at December.

Copyright © 2014 AltAssets

AltAssets Mobile App

To access the latest private equity news and stories download the new AltAssets mobile app from the

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2015