Avanath Closes Fund Following $760M Raise

Irvine-based Avanath Capital Management, LLC announced the final close of its fourth discretionary fund with a total of $760 million in equity commitments. That figure is significantly above the fund’s original commitment target of $550 million. Avanath’s Daryl Carter says, “Our focus has always been on preserving affordability in underserved markets across the country. As our fourth fund…

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