Avante Mezzanine Partners Closes Inaugural Fund

Avante Mezzanine Partners, a lower middle market-focused mezzanine fund, has closed its first fund with $218 million in commitments. Based in Los Angeles, the fund is structured as a Small Business Investment Company. Avante says it will invest between $5 million and $20 million of subordinated debt and minority equity in companies across the U.S. that generate at least $3 million in cash flow.

ManagersNorth AmericaUSBriefs