Avesi Partners has announced it has closed its initial fund, Avesi Partners I, with $875 million of capital commitments.

The fund was oversubscribed and closed above its original target of $650 million.

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