Advent Latin American Private Equity Fund VII

Advent Latin American Private Equity Fund VII (LAPEF VII) is the seventh dedicated Latin American fund raised by Advent International, one of the most active and longest-tenured private equity investors in the region. Closed on 29 September 2020 with USD 2 billion in commitments from institutional investors across the globe, LAPEF VII represents Advent's largest dedicated Latin American vehicle and brings the firm's total capital raised for the region since 1996 to approximately USD 8 billion — more than any other private equity manager operating in Latin America.

The fund deploys capital primarily in Brazil, Colombia, Mexico, and Peru, with the flexibility to invest opportunistically in adjacent markets including Argentina and Chile. LAPEF VII targets control-oriented investments across five core sectors: business and financial services, healthcare, industrials, retail and consumer, and technology. Deal structures span buyouts, corporate carve-outs, and growth equity transactions, with equity investments ranging from USD 50 million to USD 300 million or more. This flexible, multi-stage mandate allows the fund to access opportunities across the full spectrum of company size and development stage in each target market.

Advent International has operated in Latin America for over 25 years, with a permanent on-the-ground presence in São Paulo and Mexico City, and extensive networks across all five target countries. The firm's regional team combines deep local market knowledge with access to Advent's global platform of sector experts and portfolio company operating resources. Advent's six predecessor Latin American funds have delivered consistent returns to institutional limited partners including sovereign wealth funds, endowments, pension funds, and insurance companies from Europe, North America, and Asia.