GP Investments, a Latin American private equity firm, has raised an additional $275m (€194m) for its fourth fund to match the buying power of Advent International, its main competitor in the region.

GP formally closed its fourth buyout fund at $1.3bn. The Brazil-based investor had previously closed at $1.03bn in July, the same month Advent International closed its latest $1.3bn fund.

Latin American buyout competition heats up

Catherine Craig

GP Investments

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