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.