About This Fund
Advent Latin American Private Equity Fund VII (LAPEF VII) is a $2 billion private equity fund managed by Advent International, focused exclusively on Latin America. Closed in September 2020, it is the largest dedicated Latin American fund in Advent's history, bringing the firm's total regional capital raised since 1996 to approximately $8 billion. The fund invests primarily in Brazil, Colombia, Mexico, and Peru, with opportunistic exposure to Argentina and Chile. It targets control-oriented buyouts, corporate carve-outs, and growth equity transactions with equity tickets of $50 million to $300 million or more. Advent pursues five core sectors: business and financial services, healthcare, industrial, retail and consumer and leisure, and technology. The fund was approximately 22% deployed at the time of close, reflecting the firm's approach of building positions ahead of a formal close. The LP base includes public and corporate pension funds, endowments, foundations, funds of funds, sovereign wealth funds, and family offices — the majority returning LPs from LAPEF VI. Portfolio companies include Inspira Rede de Educadores, Skala Cosmetics, and Tigre. Goodwin Procter served as legal counsel on the fund, which is structured across parallel vehicles in Delaware, Canada, and Luxembourg.