Mubasher: AVANA Companies formed a new $250 million with Oaktree for its direct private commercial real estate funding strategy, according to a press release.
The AVANA-Oaktree Private Credit Partnership (AOPCP) will anchor the company’s direct private commercial real estate funding strategy.
Through the joint venture (JV), AVANA will use the capital to provide private debt financing in the US over the next three years.
Justin Guichard, Managing Director and Co-Portfolio Manager at Oaktre, commented: “Oaktree has firsthand experience through past partnerships with AVANA. The AVANA team’s unparalleled expertise and reputation in the CRE funding industry align with our focus on risk control in private credit investments.”
AVANA global ecosystem plans to widen its achievements in the Kingdom through Ezdaher Financing Company. Ezdaher will leverage AVANA’s experience of their parent company’s 22-year legacy.
Sundip Patel, CEO and Co-Founder of AVANA Companies and Ezdaher Financing Company, said: "We are committed to driving Vision 2030 with innovative financing solutions and invite MENA institutions to join us in shaping a prosperous future for Saudi SMEs."
