Glossary · Regional
Dedicated secondaries fund
Definition
A fund raised specifically to buy secondary stakes — existing shares or LP interests — rather than to make new primary investments. Spectra's Fund VII earmarks roughly 40% of its capital to secondaries, the region's clearest example.
Why it matters for a secondary
These funds are the main institutional buyer on the other side of a LatAm secondary sale — knowing who they are is the first step to finding a real buyer.
Frequently asked questions
Does this term apply the same way everywhere in Latin America?
No. Each country in this glossary has its own regulator, corporate forms, and tax rules — this term is specific to the country tagged above. Check the linked country page for the fuller picture.
Is this legal or tax advice?
No. This is orientation for investors and allocators, not legal or tax advice. Confirm current rules with a licensed adviser in the relevant country before acting on anything here.