Avance racks up $1.1bn for inaugural fund

Avance invests in middle market businesses in the services, technology and consumer sectors
Greenberg Traurig, LLP acted as fund formation counsel to Avance
Avance was founded in 2020 and has offices in Miami and New York

Avance Investment Management has closed its debut fund at about $1.1 billion, beating its original $500 million target.

Avance invests in middle market businesses in the services, technology and consumer sectors.

Avance Investment Partners LP’s investors include pension plans, insurance companies, foundations and fund of funds, as well as industry executives and the general partner.
Avance was founded in 2020 and has offices in Miami and New York.

“This is an exciting milestone for our firm, and we are grateful for the tremendous support from our limited partners, consultants and trusted advisors during these extraordinary times,” said David Perez, managing partner at Avance, in a statement. “We are thankful for the hard work by our committed team and very appreciative of all who supported and encouraged us along the way.”

To date, Avance has completed four platform investments: RIA Advisory, a revenue management solutions provider; Synergy Infrastructure Holdings, an equipment rental provider; UniVista Insurance, a provider of insurance services; and Indimade, an e-commerce provider of ingredients and supplies to commercial artisans and hobbyists.

Greenberg Traurig, LLP acted as fund formation counsel to Avance.