Avante Mezzanine Secures $218M for First Fund

Avante Mezzanine Partners has closed its debut fund, Avante Mezzanine Partners SBIC, on $218 million of committed capital, including SBA leverage. The total raised exceeded the fund's $200 million target. The fund makes $5 million to $20 million subordinated debt and minority equity investments in U.S. companies that generate at least $3 million in cash flow.