Jeri Harman’s career is a three-legged stool: One leg involves external, high-level activities, such as chairing industry conferences; another leg is working on transactions, in which she is supported by a team; and the third leg is internal management of the firm she founded in 2009. Recently Avante provided debt and equity co-investment in the sale of Learners Edge to L Squared Capital Partners. The firm’s second fund raised $250 million in investments, which the firm has begun to to deploy.
Based in Los Angeles, Avante’s primary business is to provide mezzanine loans to middle-market companies, and the firm also co-invests in some transactions. The firm completed 19 deals out of its first fund, which closed with $218 million in 2012. Avante completed its final deal from the first fund in July 2015, when it provided a loan and equity co-investment to support Chicago private equity firm New Harbour Capital’s acquisition of Community Psychiatry Management LLC, a Sacramento, California-based behavioral health company.