Avenir Growth picks up $140m for Fund II

225

Avenir Growth Capital has raised $140m of capital commitments for its sophomore growth fundraise, reaching what appears to be its final close.

Avenir Growth Partners II received commitments from at least 65 limited partners, according to an SEC filing.

The filing shows that Avenir has not registered to raise any more capital commitments for the vehicle.

Connaught is listed as a placement agent for the fundraise in New York and Massachusetts, the documents add.

It’s unclear when the firm will hold a final close for Fund II, how Avenir said the fundraise is unlikely to last longer than 12 months.

Avenir was launched in 2017 by Andrew Sugrue and Jamie Reynolds and since led investment rounds totalling over $600m.

The firm is focused on growth equity opportunities in the United States, according to its website.

Avenir’s portfolio includes Savage X Fenty, the lingerie brand launch by pop star Rhianna, as well as photography platform Meero and clinical stage biotherapeutics company Finch.

Copyright © 2020 AltAssetsTop of Form

Get the latest PE News & Research delivered to your inbox every morning