Tuesday, July 31, 2007

Advent LatAm fund hits record

Latin America’s appeal to global investors was highlighted on Wednesday when Advent International, the Boston-based private equity group, raised a record $1.3bn fund for deals in the region.
The new fund, Advent’s fourth, is about 3.5 times larger than its previous pool of money for Latin American deals, which closed in October 2005 at $375m.

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