Avesi Partners LLC, a private equity firm based in Stamford, Connecticut, specializing in healthcare and business services, announced the final closing of its debut fund, Avesi Partners I LP, with $875 million of capital commitments.
The Fund was oversubscribed and closed above its original target of $650 million, just several months after launching. Avesi secured commitments from a globally diversified investor group, comprised of leading endowments, foundations, family offices, consultants, funds of funds, and seasoned CEOs and industry executives. “We are thrilled to have earned the trust and support of such an exceptional group of investors,” commented Chris Laitala, Managing Partner of Avesi. “We look forward to partnering with talented families, founders and executives in targeted segments of the economy that are ripe for our transformational growth strategy.”
Lazard Frères & Co. LLC served as the exclusive placement advisor to the Fund. Kirkland & Ellis, LLP served as legal counsel to the Fund.
About Avesi Partners
Avesi, with offices in Stamford, CT and Richmond, VA, focuses on partnering with lower-middle market privately-held and family-owned businesses in key sectors of the economy, including healthcare services and technology, and business services. Avesi seeks to provide the expertise and resources to empower businesses to attain their full vision in a time and capital efficient manner. The goal is to collaborate with families, founders and executives in an effort to accelerate growth and expansion, while positioning the businesses to achieve long-term success and enduring value. Target companies are typically expected to have approximately $10-30 million of EBITDA. Partners Chris Laitala, Chris Williams, and Peter Erickson, have significant experience in the private equity and finance industries.
For more information, please visit www.avesipartners.com
