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Avant Announces $325 Million Funding Round Led by General Atlantic
- Client News
- September 30, 2015
As reported by The Wall Street Journal, Fortune, Bloomberg and other media outlets, Avant Inc., a marketplace lending platform, announced a definitive agreement related to a $325 million equity finance round led by Paul, Weiss client General Atlantic, with participation from Balyasny Asset Management and J.P. Morgan. Existing investors Tiger Global Management and August Capital are expected to participate in the financing round, along with RRE Ventures and DFJ Growth. The transaction is expected to close in mid-October.
The Paul, Weiss team included corporate partners Neil Goldman, Matthew Abbott, Jordan Yarett and John Kennedy; intellectual property counsel Claudine Meredith-Goujon; tax partner Patrick Karsnitz; litigation partner Lynn Bayard; antitrust counsel Marta Kelly and Didier Malaquin; and employee benefits partner Robert Fleder.