Advent raises US$2 billion for seventh private equity fund for Latin America

Advent is a familiar name and investor in companies from Latin America.

Contxto – Last Tuesday (29) private equity firm Advent International announced it raised US$2 billion for its fund for Latin America. A familiar name in the region, Advent has been investing in companies from the region since 1996. 

Correspondingly, this is the seventh fund Advent raises for the region.

“We continue to see compelling investment opportunities in the region, driven by attractive valuations and positive, long-term market dynamics,” said Patrice Etlin, Managing Partner at Advent in São Paulo.

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It recently exited brokerage platform Easynvest which was bought by Brazilian Nubank. However it invests in various kinds of companies, not just tech startups, mind you.

Advent investing in Latin America

If you’re in Brazil, importing goods from the US is a painful experience for your wallet in recent months. Reuters reports that the Brazilian real is down almost 30 percent against the US dollar since the start of 2020.

But for investors, a devalued currency means more bang for your buck. Or as Etlin put it in an interview.

“It gives us firepower for bigger deals.”

Equity investments will range from US$50 million to US$300 million and it’ll be on the lookout mainly for companies in business and financial services, healthcare, retail, consumer and leisure, tech, and the industrial sector.

Likewise the private equity firm will keep an eye on businesses from Brazil, Mexico, Colombia, and Peru. But if something interesting pops up in Chile or Argentina, Advent is game.

Related articles: Tech and startups from Colombia!


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