Advent International closes $1.65 billion Latam Fund
» Advent International just closed its fifth Latin American private equity fund with $1.65 billion in capital commitments. The sizable amount of funds Advent has available to invest is a vote of confidence in the future of the Latin American economies and, therefore, its advertising and media markets. A typical investment would be between $50 million and $200 million of equity into companies with enterprise values of between $50 million and $750 million. The firm has a Latin America devoted private equity team, comprising 33 investment professionals and 46 employees overall, working out of three long-established offices in Sao Paulo, Mexico City and Buenos Aires.
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