Carlyle Group Invests in Avalon

The Carlyle Group has invested an undisclosed amount in Houston-based wealth advisor and asset manager Avalon Advisors. The buyout shop snagged a minority stake in Avalon. Terms were not released. Equity for the investment comes from Carlyle Global Financial Services Partners, a $1.1 billion fund that invests in a range of financial services companies. Existing investor Platform Partners also participated in the financing.

DealsNorth AmericaUSBriefs