The New York-based firm, co-founded by former executives from Palladium Equity Partners, wrapped up its inaugural fundraising drive with double the firm's initial $500m target for the pool. Along the way, they lifted the fund's upper limit. 'This is an exciting milestone for our firm, and we are grateful for the tremendous support from our limited partners, consultants and trusted advisors during these extraordinary times,' said David Perez, managing partner at Avance, in a statement. 'We are thankful for the hard work by our committed team and very appreciative of all who supported and encouraged us along the way.'To date, Avance has completed four platform investments: RIA Advisory, a revenue management solutions provider; Synergy Infrastructure Holdings, an equipment rental provider; UniVista Insurance, a provider of insurance services; and Indimade, an e-commerce provider of ingredients and supplies to commercial artisans and hobbyists. Subscribe to our Newsletter to increase...
learn more
