Insight

Pacific Avenue wraps up maiden fund at over $500m

Pacific Avenue Fund I's limited partners include insurance companies, consultants, endowments and foundations, funds of funds, family offices and individuals.

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  • Based in Los Angeles, Pacific Avenue is focused on corporate divestitures and other complex situations in the middle market
  • Lazard Frères & Co. LLC served as placement advisor while Weil, Gotshal & Manges LLP served as legal counsel to the fund
  • Pacific Avenue was founded in 2018

Pacific Avenue Capital Partners has closed its inaugural fund at over $500 million.

Pacific Avenue Fund I’s limited partners include insurance companies, consultants, endowments and foundations, funds of funds, family offices and individuals.

Based in Los Angeles, Pacific Avenue is focused on corporate divestitures and other complex situations in the middle market.

“We would like to thank our investors for their excitement in supporting the Pacific Avenue team. We are both honored and grateful for their support,” said Chris Sznewajs, managing partner and founder of Pacific Avenue Capital, in a statement. “The fund will allow Pacific Avenue to continue our emphasis on corporate divestitures and other complex situations to create value for our stakeholders.”

Lazard Frères & Co. LLC served as placement advisor while Weil, Gotshal & Manges LLP served as legal counsel to the fund.

Pacific Avenue was founded in 2018.