Firm: Avista Capital Partners
Fund: Avista Capital Partners (Offshore) III LP
Avista Capital, which has offices in New York, Houston and London, is seeking to raise a $2 billion pool, according to sources and a Form D SEC filing. The name of the new fund is
Founded in 2005, Avista Capital is made up of former executives of
One source was surprised Avista Capital is fundraising again. In March 2010, the firm announced the final close of its second fund which raised $1.8 billion. “They basically had already put a bunch of money to work by the final close,” the source said.
Since that time, Avista Capital has been very active. In September 2010, the firm announced plans to buy the global auto care unit of Clorox Co. Avista Capital earlier this year agreed to invest in
Avista Capital, which makes control or influential minority investments, focuses on energy, health care, media, industrial and consumer businesses.
Officials for Avista Capital couldn’t be reached for comment.
(Luisa Beltran is a reporter for sister Web site peHUB.)