Aperture Investors, LLC (“Aperture”), an alternative asset manager and part of Generali Investments, announced that it led a $300 million asset-based financing facility with Avant, LLC, a financial technology company.

The facility is intended to provide flexible capital to support Avant’s continued growth across its platform. The transaction also strengthens a longstanding relationship between Aperture’s Asset-Based Finance (“ABF”) team and Avant.

Launched in 2025, Aperture’s ABF strategy aims to provide flexible, tailored capital solutions to leading consumer and commercial finance platforms. In that context, the Avant facility reflects how asset-based financing can support operating companies with access to capital tied to specific assets rather than more traditional corporate financing structures. The strategy is led by Global Head of Asset-Based Finance and Portfolio Manager Nick Turgeon and uses disciplined underwriting and specialized asset-level expertise to identify, structure, and manage investment opportunities.

“We’re pleased to partner with Avant to support its continued growth,” Turgeon said. “Our ABF strategy is focused on working with high-quality partners that combine dynamic underwriting models with proven operating capabilities, and Avant exemplifies those qualities. We look forward to continuing to seek attractive investment opportunities for our clients.”

“At Avant, we’ve spent more than a decade building a data-driven platform designed to expand access to responsible credit for middle-income Americans,” said Al Goldstein, CEO of Avant. “Partnering with Aperture on this facility aligns with that mission: it gives us flexible funding to grow our credit card portfolio while maintaining the discipline and risk management our customers and capital partners expect. We’re excited to deepen the relationship as we scale the platform to serve more people.”

Founded in 2012, Avant is a data-driven, multi-product platform that provides access to credit cards and personal loans for middle-income American consumers. The company launched its branded credit card in 2017. Its platform has served more than 4.5 million unique customers and connected them to more than $13.7 billion in personal loans and more than 3.1 million credit cards in aggregate.