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Advent International promotes 18 members of global investment team

Private equity firm Advent International has announced the promotion of 18 members of its global investment team.

Private equity firm Advent International has announced the promotion of 18 members of its global investment team.

Fred Wakeman, head of Advent’s global TMT sector team, has been promoted to managing partner, based in the London office. Wakeman joined in 1998 from GE Capital’s equity capital group where he specialised in later-stage growth capital investments.

Alfredo Alfaro, a founding partner of Advent’s Mexico City office, and Patrice Etlin, who started the firm’s Brazilian operation, have both been promoted to managing partner – Latin America.

Alfaro joined Advent at the inception of its Latin American programme in 1996. At Advent, he has led or co-led 11 investments and is a director of Gayosso, Grupo Aeroplazas, La Mansión, Hipotecaria Casa Mexicana, IFC Medios, Milano and Scitum. Previously, he spent 14 years with Grupo Financiero Probursa, a lMexican financial bank.

Etlin joined Advent in 1997 and started the firm’s investment activities in Brazil. He has led or co-led Advent’s investments in ten companies, including CSU CardSystem, J Malucelli Seguradora, Microsiga, Quero-Quero and Viena. Prior to Advent, he was a partner at International Venture Partners in São Paulo and earlier spent five years with Matra Marconi Space, first as a systems engineer and then as general representative for Brazil.

Advent has also promoted seven professionals to managing director: Luiz Antonio Alves in Brazil, Ronald Ayles and Ranjan Sen in Frankfurt, Filippo de Vecchi in Milan, Stephen Hoffmeister in Boston, Monika Morali-Efinowicz in Warsaw, and Luis Solórzano in Mexico.

An additional four team members have been promoted to director and four to assistant director.

Steve Tadler, a managing partner of Advent International and chairman of its executive committee, says: ‘We are very pleased to advance these talented individuals, each of whom has made a significant contribution to the success of our firm. These promotions reflect our commitment to developing our organisation to better enable us to make investments in an increasingly complex environment.’

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