LAVCA Week 2026 Session Recaps; Advent Raises ~USD27b for Eleventh Global Private Equity Fund

LAVCANov 5, 2026

5 November 2026

LAVCA WEEK 2026

Thank You For Joining Us

Thank you to everyone who joined us for LAVCA Week 2026 in New York!

The event convened leading private capital investors from Latin America and around the globe for three days of discussions, networking and private meetings exploring the latest trends and opportunities across private markets.

From evolving investment strategies and liquidity challenges to opportunities in infrastructure, venture capital, AI and beyond, this year's conversations offered perspectives on the forces shaping private capital across Latin America.

Catch up on the key insights and takeaways from this year's sessions, including perspectives from leading investors, fund managers and industry experts.

VIEW SESSION RECAPS

DEAL CASE

Vinci Compass | Camarada Camarão

In May 2019, Vinci Compass invested in Camarada Camarão, a Brazilian casual dining seafood chain, supporting its expansion from a regional operator into a national platform.

During Vinci Compass' investment period, Camarada Camarão expanded from five to 31 restaurants across 15 Brazilian states, while revenues increased from USD17m to over USD80m between 2019 and 2024. The company's workforce grew from 630 to more than 2,300 employees, with nearly 50% of roles held by women. In May 2025, Vinci Compass fully exited its investment following the acquisition of a controlling stake by Grupo Alife Nino, generating a 23% gross IRR and a 3.1x gross multiple of invested capital in USD.

READ THE DEAL CASE

DEALS

◼︎ Advent International raised ~USD27b for its eleventh Global Private Equity Fund (GPE XI), focusing on private equity investments across business and financial services, consumer, healthcare, industrial and technology sectors, primarily in Europe and North America, with additional investment activity in Asia Pacific and Latin America. #PE

◼︎ Itaú Unibanco agreed to acquire NeoSpace, a Brazil-based generative AI startup, for BRL2.9b (~USD589m). #VC

◼︎ Endeavor Catalyst reached an oversubscribed USD320m final close for Fund V, focused on investing alongside venture capital and growth equity firms in high-growth companies across global markets.#VC

◼︎ Fondo de Fondos announced a USD250m allocation to support Mexico's private equity sector, focusing on early-stage innovation and technology projects. #PE #VC

◼︎ Volpe Capital, Valor Capital Group, Canary and others agreed to exit Caju, a Brazil-based employee benefits platform, via a sale to iFood Benefícios for BRL1.2b (~USD236m). #VC

◼︎ Patria Investments acquired a portfolio of 22 retail properties occupied by Atacadão, a Brazil-based wholesale retailer owned by Carrefour Brasil, for ~BRL1b (~USD199m) through its HGRU11 real estate fund. #PE

◼︎ L Catterton and Partners Group led a USD180m Series F for Scanntech, a Latin America-based retail intelligence platform, with participation from Bradesco and SPX. #VC

◼︎ Sapphire Ventures and M&G's Catalyst led a USD130m Series D for Tractian, a Brazil-based industrial equipment monitoring platform, at a reported USD1.4b valuation, with participation from Monashees, N47, General Catalyst, Bosch Ventures and others. #VC

◼︎ Deetken Impact reached a USD100m first close for its Inclusive Climate Action Fund focused on clean energy, green finance, sustainable agriculture and agroforestry across Latin America and the Caribbean. #PE

◼︎ Outfield Ventures targeted up to BRL500m (~USD93.2m) for a new fund in partnership with Ingresse to finance Brazilian soccer clubs against ticket sales and fan membership receivables. #PE

◼︎ A fund managed by Vinci Compass, alongside minority shareholders including IFC and Banco Genial, agreed to exit Austral Re, a Brazil-based reinsurance company, via a BRL336m (~USD66.8m) sale to Vinci Compass. #PE

◼︎ IFC led a USD50m round in Cantu, a Brazil-based tire distributor and retailer. #PE

◼︎ Green Climate Fund approved a USD50m commitment to Flying Rivers Capital's second fund, focused on growth-stage businesses in energy transition, food security and natural resources across Brazil. The vehicle has a USD400m target and has also secured a BRL500m commitment from BNDES. #PE

◼︎ Riza Asset's Terrax fund sold Fazenda São Francisco I, a 5,300-hectare agricultural property in Brazil's Mato Grosso, for BRL200m (~USD40m). The sale will provide liquidity for new agricultural land investments. #RealAssets

◼︎ Summit Ridge Capital Partners agrees to provide up to USD30m in senior secured financing to Petro Frontera, a Mexico-based oil and gas company, to finance the acquisition and initial work program for the Misión asset. #PrivateCredit

◼︎ Base10 Partners led a USD27m Series A for Flai, an AI agents startup for car dealerships founded in San Francisco by three Uruguayans, with participation from First Round Capital, Toyota Ventures and The Friedkin Group. #VC

◼︎ IDB Lab approved a USD20m commitment to KASZEK’s early-stage fund Kaszek Ventures VII, a USD600m project focused on startups across Latin America and the Caribbean. #VC

◼︎ Desenvolve SP and Möbius Capital announced a BRL70m (~USD13.9m) FIDC to finance digital infrastructure companies in São Paulo, including regional internet providers and small data center operators. Desenvolve SP will subscribe BRL50m in senior quotas, while Möbius Capital will hold BRL20m in subordinated quotas. #RealAssets

◼︎ Vinci Compass agreed to exit Austral Seguradora, a Brazil-based insurance company specializing in surety bonds, financial risk and liability insurance, via a sale to Liberty Mutual. #PE

◼︎ A fund managed by BTG Pactual agreed to acquire a controlling stake in Real Entretenimento Participações, a Brazil-based company that owns Real Arenas, the operator of Nubank Parque (formerly Allianz Parque), a sports and entertainment venue in São Paulo, from WTorre for an undisclosed amount. #PE

◼︎ Itaú Unibanco agreed to acquire a 35% stake in Prisma Capital, a Brazil-based alternative asset manager, through a preferred share investment.#PrivateCredit

◼︎ Patria High Growth invested over BRL20m (~USD3.7m) in Klubi, a Brazil-based digital consortia fintech, through a second extension of its Series A. #VC

◼︎ Linzor Capital Partners plans to partially exit Farmashop, a Uruguay-based pharmacy chain operating 160 pharmacies nationwide, through a public share offering scheduled for December 2026. Linzor will retain at least a 51% stake in the company. #PE

◼︎ Lita facilitated a seed equity round and Restoration Seed Capital Facility provided project development financing totaling USD1.1m for Fronterra, a Franco-Peruvian nature restoration and conservation developer. #PE

◼︎ Vinci Compass agreed to acquire a controlling stake in Sanar, a Brazil-based medical education platform, through its Vinci Capital Partners IV fund. The secondary transaction facilitates exits for existing VC investors, including DNA Capital, Valor Capital, Vox Capital, Península, Green Rock and Igah Ventures. #PE #VC

◼︎ Lightrock fully exited General Water, a Brazil-based water supply and wastewater treatment company, via the sale of its ~27.5% stake to Kadri Group. #PE

◼︎ Clip acquired Pulpos, a Mexico-based cloud business management platform, to expand its services for merchants beyond digital payments. #VC

◼︎ Ariston Education acquired Merited, a Mexico-based education company, from Discovery Americas. #PE

◼︎ Colca Capital acquired Giga.uno, a Colombia-based enterprise content management and digital transformation services provider. #PE

◼︎ Saudi Eksab, IDB Invest and IDC Network launched the Saudi Eksab, IDC Network Impact Fund with participation from CAF. The fund, managed by Valante Capital, will invest in established businesses across consumer sectors, primarily in Central America and the Caribbean. #PE