Sands Point backer Avesi Partners raises $1.35bn for latest PE fund

Avesi Partners LLC has successfully closed its latest fund with the healthcare and business services-focused private equity firm having secured $1.35bn.

Avesi – which recently backed the launch of transactional liability-focused MGA Sands Point Risk– said its Avesi Partners Fund II LP was significantly oversubscribed, surpassed its initial target and closed at its hard cap just several months after launching.

Fund II’s $1.35bn includes “a sizeable commitment from Avesi Partners”, the PE firm said, a move which underscores its strong alignment with investors.

“Like our previous fund, we attracted a prestigious group of well-respected investors to Fund II,” said Chris Laitala, Avesi Partners’ managing partner and chief investment officer.

“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,” Laitala added.

The executive said Avesi Partners is proud of its track record in identifying businesses experiencing exceptional growth, and helping founders and management teams achieve their long-term vision, sooner, and with less risk.

“We believe this is an opportune time to capitalize on select themes for investments within the lower middle market,” Laitala stated.