Pacific Current Invests in Avante


September 27, 2023

On September 20, 2023, Pacific Current Group Limited announced an investment in Avante Capital Partners.

Under the terms of the transaction, Pacific Current Group Limited (“Pacific Current”) will acquire a 24.9% equity stake in Avante Capital Partners (“Avante”) in a deal valued at $40 million, with $15 million paid at closing. The transaction is expected to close by the end of this month.

Pacific Current (ASX:PAC), based in Sydney, Australia, is an asset management firm focused on partnering with investment managers.

Avante is a Los Angeles based private credit and structured equity fund focusing on investments in high-quality lower middle market businesses. Avante manages approximately $1 billion in client assets.

To read the press release: please click here

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