Advent Presses Ahead In Latin America

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Advent International

Year Founded: 1984

Fund: Advent Latin America Private Equity Fund IV LP

Year Raised: 2007

Amount: $1.3 billion

Fund Strategy: Buys and takes control positions in later-stage, cash-generating businesses across Latin America, especially in Brazil and Mexico.

LPs: California Public Employees’ Retirement System, Harvard Management Company, Pennsylvania State Employees Retirement System, Princess Private Equity Holdings, Singapore’s Government Investment Corporation, Washington State Investment Board

Fundraising Status: Investing the $1.65 billion Advent Latin American Private Equity Fund V LP

When Advent International’s Latin American-based team wanted to buy into CETIP, a large, profitable Brazilian clearinghouse for bonds and fixed income securities, the firm first had to convince shareholders—some 600 banks and brokerage firms—that Advent was the right partner.

The team enlisted the help of Rob Slaymaker, the CEO of BondDesk Group, a New York-based alternative trading system backed by Advent’s U.S.-based private-equity fund. Slaymaker accompanied the partners to a meeting with CETIP. “Our Boston colleagues were instrumental,” said ...

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