Avante Mezzanine Raising First Fund
The firm has been fundraising since March and has a goal of $200 million, according to sources. Avante co-founder Jeri Harman won't comment. But the firm's Web site says its investment targets are profitable, lower-middle market companies with defensible niches -- companies in business services, healthcare, consumer staples, security, aerospace/defense, light industrial, life sciences and other industries that generate at least $3 million in trailing EBITDA. Avante plans to invest $5 million to $15 million in equity and subordinated debt. Avante is a rarity -- a women-owned private equity firm (2/3 of the partners are women) -- and its founders are especially interested in investing in other women- and minority-owned businesses.
22 December 2009•2 mins read
