Avesi Partners $1.35B Fund II Close, Surpassing Initial Target

Avesi Partners $1.35B Fund II Close

Avesi Partners, a private equity firm specializing in healthcare and business services, announced Tuesday the close of its Avesi Partners Fund II LP at $1.35 billion. The significantly oversubscribed fund exceeded its initial target and reached its hard cap with Kirkland & Ellis LLP serving as legal counsel.

The fund’s initial target was $1.2 billion, but strong investor interest propelled it to $1.35 billion. The investors included both domestic and international entities, such as endowments, foundations, pension funds, high-net-worth individuals, insurance companies, and hospital systems.

Avesi Partners $1.35B Fund II Close : Prestigious Group of Investors

Avesi Partners also committed a sizable amount to the fund. Chris Laitala, managing partner and chief investment officer of Avesi Partners, expressed gratitude towards their investors and partners. “Like our previous fund, we attracted a prestigious group of well-respected investors to Fund II,” Laitala said. “I would also like to acknowledge and extend our sincere thanks to our portfolio companies, founders, and partners, whose success alongside Avesi is a testament to our shared vision of partnership and growth.”

Focus on Healthcare and Business Services

With offices in Stamford, Conn., and Richmond, Va., Avesi Partners focuses on partnering with lower-middle-market privately held and family-owned businesses. The firm targets platform companies typically with $10 million to $30 million in earnings before interest, taxes, depreciation, and amortization (EBITDA).

Avesi Partners $1.35B Fund II Close : Legal Counsel Team

The Kirkland & Ellis LLP team was led by investment fund partners Michael Snow and John Muno, tax partner Mike Greenberg, and investment fund regulatory partners Nicholas Hemmingsen and Mac Laban.