Avesi Partners has announced the closing of a new fund at $1.35 billion.

The fund, Avesi Partners Fund II, was oversubscribed and closed at its hard cap.

Avesi, based in Stamford, Conn., is a private equity firm focused on healthcare services, healthcare technology and business services. Founded in 2021, the firm generally targets lower middle market companies with around $10 million to $30 million of EBITDA.