Wednesday, 20 August 2014
Last updated 44 min ago
Jun 14 2007 | 10:44am ET
Middle-market buyout shop Avista Capital Partners has held a final close of its eponymous first private equity fund. The offering was oversubscribed by $500 million, accroding to the firm, raising some $2 billion.
Approximately 60 institutional investors invested in the fund, including public and corporate pension funds, financial institutions, endowments and foundations, as well as individuals and family offices. The general partners of Avista are collectively the largest investors in the fund with a commitment of $161 million.
Avista is focused on three industry sectors, energy, healthcare and media, in which its professionals have expertise. Within these, the firm makes controlling or “influential” minority investments, primarily in U.S.-based companies. Since its initial closing in the spring of 2006, the firm has already invested or committed approximately $1.1 billion to 14 companies.
Avista Capital Partners was formed in 2005 by seven partners who worked together at DLJ Merchant Banking Partners.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note