Advent raises $2 billion for the Latin American private equity fund "VII"

Elvinger Hoss Prussen and Elvinger New York represented Advent International in matters related to Luxembourg law in the establishment of its most recent Latin American private equity fund, Advent Latin American Private Equity Fund VII (“LAPEF VII”). Advent International has announced that LAPEF VII received $2 billion in commitments from institutional investors worldwide. The new fund brings Advent’s total capital raised for Latin America since 1996 to approximately $8 billion—the highest amount for any private equity firm operating in the region.

Elvinger Hoss Prussens' teams were led by partners Jérôme Wigny (Funds), Sophie Dupin (AIFM and Regulatory) and Katia Panichi (Fund Finance). The Elvinger New York team was led by partner Nicolas Fermaud (Funds).