November 2024
Los Angeles – Nov. 13, 2024 – Avante Capital Partners is excited to announce the successful closure of a unitranche debt and equity investment in Reservoir Communications Group, LLC (“Reservoir” or the “Company”), in partnership with Periscope Equity, a Chicago-based private equity firm that partners with founder-owned, technology-enabled business services companies.
Founded in 2014, Reservoir is a Washington D.C.-based health care consultancy focused on helping clients address their most important business, advocacy, and reputation challenges and opportunities. As part of this next phase of growth, Reservoir and Periscope will capitalize on opportunities to bring best-in-class technology, infrastructure, and staffing support to continue meeting the complex and evolving needs of Reservoir’s clients.
“Reservoir is at an exciting juncture for growth in an evolving industry,” said Joe McIlhattan, Principal at Periscope Equity. “We’re excited to be working with such a devoted team to expand its reach and trajectory as Reservoir continues to grow.”
Nicole Lopez Vatter, Principal at Avante, added, “We couldn’t be more excited to join forces with Periscope Equity as we support Reservoir in this next chapter of their journey. Periscope’s history of scaling businesses and nurturing talented management teams aligns with our vision of empowering small businesses across the U.S.”
About Avante Capital Partners
Avante Capital Partners is a majority-owned women- and minority-owned private credit and structured equity fund headquartered in Los Angeles. Avante invests in the form of senior/1L debt, unitranche debt, mezzanine debt and minority equity in high-quality, lower middle market businesses generating at least $3 million in cash flow.