Advent Int’l Closes Third Latin American Fund

Boston-based global private equity fund Advent International has closed its third Latin American Fund III (LAPEF III) with a total of $375 million. The fund will focus on buyouts of growth companies in the region, in particular in Mexico, Brazil and Argentina. The majority (53%) of the capital was raised from North American investors, with 36% coming from Europe and 11% from the Middle East and Asia Pacific.