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Oaktree and AVANA Companies Form a $250MM Joint Venture

PR Newswire ·  Aug 22 20:00

AVANA-Oaktree Private Credit Partnership aims to empower small businesses and drive local economic growth

GLENDALE, Ariz., Aug. 22, 2024 /PRNewswire/ -- AVANA Companies ("AVANA") and funds managed by Oaktree Capital Management L.P. ("Oaktree") announce the formation of a new $250MM AVANA-Oaktree Private Credit Partnership ("AOPCP") for its direct private commercial real estate lending strategy. Through the Joint Venture (JV), AVANA will use the capital to provide private debt financing in the United States over the next three years.

AOPCP aims to invigorate local economies and create jobs. The funding will provide SMEs in the commercial real estate sector with access to capital in the form of bridge and construction loans for all CRE products.

"Oaktree has firsthand experience through past partnerships with AVANA. The AVANA team's unparalleled expertise and reputation in the CRE lending industry aligns with our focus on risk control in private credit investments," said Justin Guichard, Managing Director and Co-Portfolio Manager at Oaktree.

Both AVANA and Oaktree have extensive experience in the CRE industry and supporting SMEs across the USA. Recently, AVANA Companies entered a partnership with a national hospitality group to provide franchisers with capital to develop and renovate commercial properties across the United States.

"We meet with every business owner we have lent to; it is important to us to put a name and a face to a loan as part of our due diligence, credit underwriting, and risk mitigation," said Sanat Patel, Chief Lending Officer and co-Founder of AVANA. "Our ability to build capital for a better tomorrow lies in our team's deep-rooted history in lending and the trust we have in our partners at Oaktree."

Since 2002, AVANA has served over 500 small businesses with 66% of their entrepreneurial customers being black, indigenous and people of color (BIPOC). AVANA has funded $1B in loans to minority entrepreneurs, which have directly and indirectly created over 5,500 jobs.

"After 22 years of working within the CRE industry and SMEs, we recognize the challenges of this tight lending environment and that's why we are challenging our team to lend $250MM in the first year," said Sundip Patel, CEO and co-founder of AVANA Companies. "This capital from Oaktree enables us to multiply our social impact exponentially, offering financing opportunities to entrepreneurs and supporting financial inclusion

To learn more about investment and loan opportunities with AVANA Companies, visit

About AVANA Companies:

AVANA Companies (AVANA), founded in 2002, is an asset management platform aimed at building capital for a better tomorrow by stimulating economic growth, creating jobs, and contributing to sustainable projects. Headquartered in Arizona, USA with regional offices in Bahrain and Saudi Arabia, AVANA serves small businesses, entrepreneurs, institutional and retail investors, and credit unions in these markets. AVANA provides private credit commercial real estate loans through AVANA Capital, AVANA CUSO, Ezdaher.sa and LendThrive. AVANA also offers private credit commercial investment opportunities to institutional and individual investors through AVANA Fund and EqualSeat.

AVANA Capital, LLC is licensed in California under DBO license number 603K752 and in Arizona under CBK license number 0921662. To learn more, visit or follow AVANA Companies on LinkedIn.

About Oaktree:

Oaktree is a leader among global investment managers specializing in alternative investments, with $193 billion in assets under management as of June 30, 2024. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real estate and listed equities. The firm has over 1,200 employees and offices in 23 cities worldwide. For additional information, please visit Oaktree's website at .

Media Contact

Rachael Clifford
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480-519-3070

SOURCE AVANA Companies

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