Tuesday, 21 April 2015
Last updated 1 hour 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…