ADVENT LATIN AMERICAN PRIVATE EQUITY FUND VIII SCSP (IFC-51571)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Brazil
  • Colombia
  • Mexico
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 23, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
ADVENT LATIN AMERICAN PRIVATE EQUITY FUND VIII SCSP
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 375.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 29, 2025

Disclosed by Bank Nov 10, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the proposed investment is for up to US$75 million, capped at 20% of total commitments, along with a co-investment envelope of up to US$50 million (subject to discretion and available deal flow), into Advent’s Latin American Private Equity Fund VIII SCSp (the “Fund”), which will invest in control-oriented buyouts and recapitalizations across Latin America, with a primary focus on Brazil, Colombia and Mexico. The Fund will seek to invest in targeted sectors and sub-sectors where Advent has substantial experience. The Fund’s sector focus includes (i) business & financial services, (ii) healthcare, (iii) industrial, (iv) retail, consumer & leisure, and (v) technology.The Fund is managed by Advent International Fund Manager S.à.r.l., a subsidiary of Adven International, L.P. (“Advent”). The Fund’s strategy involves taking control-oriented economic stakes with ticket sizes expected to range from US$50 million to US$300 million.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

E&S risks are expected to be medium and potentially related to Occupational Health and Safety (OHS) and labor conditions, impacts on communities and biodiversity, and potential Gender Based Violence and Harassment (GBVH), child safety, data security, resource efficiency and pollution prevention. The project has therefore been categorized as FI-2.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

IFC has proposed a total equity investment of up to US$75 million in the Fund, capped at 20% of total commitments, along with a discretionary co-investment envelope of up to US$50 million.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Advent is one of the largest global private equity (“PE”) firms with dedicated strategy for Latin America. Since the launch of its operations in the region, Advent has raised seven funds, and invested over US$6.7 billion across 78 investments, of which 57 have been fully exited. Advent has local presence in São Paulo, Bogotá and Mexico City, with 38 dedicated professionals. 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Advent International
Yusef Kassim
Partner
YKassim@adventinternational.com
https://www.adventinternational.com

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works