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Adviser Profile

As of Date 08/07/2024
Adviser Type - Large advisory firm
Number of Employees 22 10.00%
of those in investment advisory functions 20 11.11%
Registration SEC, Approved, 11/23/2020
AUM* 1,409,751,680 6.18%
of that, discretionary 1,409,751,680 6.18%
Private Fund GAV* 1,409,747,228 1.86%
Avg Account Size 156,639,076 -29.21%
SMA’s No
Private Funds 7 3
Contact Info (64 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 1B 948M 759M 569M 379M 190M
2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count7 GAV$1,409,747,228

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Brochure Summary

Overview

Avance Investment Management, LLC (hereinafter “Avance”, “we”, “us”, “our”, or the “Firm”) is organized as a Delaware limited liability company with a principal place of business New York, New York, and an additional office in Coral Gables, Florida. Avance is principally owned by David Perez, and Luis Zaldivar, collectively the “Principals.” We serve as the investment adviser, with discretionary investment authority, to private, pooled investment vehicles, the securities of which are offered through a private placement memorandum to accredited investors, as defined under the Securities Act of 1933, as amended, and who also are qualified purchasers, as defined under the Investment Company Act of 1940, as amended. We do not tailor our advisory services to the individual needs of any particular investor in any such pooled vehicles. Avance currently manages the following private, pooled investment vehicles: Avance Investment Partners, L.P. (“Main Fund”), a Delaware limited partnership, Avance Executive Feeder Fund, L.P. (“Main Feeder”), a Delaware limited partnership, Avance Investment Partners AIV, L.P. (“AIV”), a Delaware limited partnership, Avance Univista Co-Investors, LLC (“Univista”), a Delaware limited liability company, Avance Synergy Infrastructure Co-Investors, LLC (“Synergy Master”), a Delaware limited liability company, Avance Synergy Infrastructure Co-Investors Feeder, LLC (“Synergy Feeder”), a Delaware limited liability company, Avance Clevertech Co-Investors, LLC (“Clevertech Co-Investor”), a Delaware limited liability company, Avance Clevertech Co-Investors Feeder, LLC (“Clevertech Co-Investor II”), a Delaware limited liability company, and Avance JDI Antarctica Co- Investors, LLC (“JDI Antarctica”), a Delaware limited liability company (each a “Fund” or “Client” and collectively referred to as the “Funds” or “Clients”). Univista, Synergy Master, Synergy Feeder, Clevertech Co-Investor, Clevertech Co-Investor II, and JDI Antarctica hereafter collectively referred to as the “Co-Investments”
where appropriate. The Funds’ “Limited Partners” and “Members” hereafter collectively referred to as the “Investors” where appropriate. Avance Investment Partners GP, LLC serves as the “General Partner” to the Main Fund, Main Feeder, and AIV. Avance Investment Partners GP, LLC serves as the manager to Synergy Master and Synergy Feeder. Avance Investment Management, LLC serves as the “Manager” of the Co-Investments, except Synergy Master and Synergy Feeder where Avance Investment Partners GP, LLC serves as the Manager. Our investment decisions and advice with respect to the Funds are subject to the Funds’ investment objectives and guidelines, as set forth in their respective Private Placement Memorandum, Limited Partnership Agreements, Limited Liability Company Agreements, and related subscription documents, as any of them may be amended from time to time (individually or collectively referred to as the “Offering Documents).” The Firm manages AIV as an “Alternative Investment Vehicle” of the Main Fund. Alternative Investment Vehicles are managed in accordance with their respective Offering Documents. AIV’s investments are typically made into the same portfolio companies as the Main Fund. Except for one Main Fund’s current investments, to-date AIV has invested in all other companies in which the Main Fund has invested in, it is not required to invest in all Main Fund investments and may not do so in the future. The Firm does not currently have or plan to manage any “Separately Managed Account” Clients; however, to the extent the Firm decides to manage any Separately Managed Account Clients, the Firm will manage those Clients in accordance with the corresponding “Investment Management Agreements,” negotiated between the Firm and the respective Client. We do not currently participate in any Wrap Fee Programs. As of December 31, 2023, Avance managed Regulatory Assets under Management (“RAUM”) of approximately $1,409,751,680 on a discretionary basis.