Global private equity investor Advent International has closed Advent Latin American Private Equity Fund VI (LAPEF VI) with US$2.1 billion in capital commitments, reaching the fund’s hard cap. More than 60 institutional investors participated in LAPEF VI, including public and corporate pension funds, endowments and foundations, funds of funds, sovereign wealth funds, family offices and other financial institutions. LAPEF VI will focus on control-oriented investments in later-stage companies throughout Latin America, investing mainly in Brazil, Colombia and Mexico. The fund will target sectors including business and financial services; healthcare; industrial and infrastructure; and retail, consumer and leisure.