Avance Investment Management Closes Maiden Fund, At More Than $1B

Avance Investment Management, a Miami, FL- and NYC-based private equity firm that invests in founder-owned, middle market businesses in the Services, Technology and Consumer sectors, closed its inaugural fund, Avance Investment Partners, L.P., and affiliated vehicles, with aggregate capital commitments of approximately $1.1 billion.

The fund received support from a diverse range of high-quality institutional investors, including pension plans, insurance companies, foundations and fund of funds, as well as industry executives and the general partner.

Founded in 2020 and led by David Perez and Luis Zaldivar, Avance leverages its team’s deep functional expertise and the firm’s proprietary STAGE™ framework to capitalize on business expansion opportunities and accelerate revenue growth for the companies it partners with.

To date, the firm 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.