Avista Capital Partners Raises $2B Inaugural Fund

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.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this race. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.