Boston private equity firm Advent International has raised $2.1 billion for a fund that will focus on investing in Latin American businesses, during the best fundraising environment we've seen in years. The fund is the largest ever raised for Latin America, according to Advent.

The fund, Advent Latin American Private Equity Fund VI, reached its hard cap with less than six months in the market. Advent's previous Latin America fund closed with $1.65 billion in commitments in 2010.

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