Venture capital investment, business advisory and private equity fund management firm Avant Global partnered with private equity firm White Field Capital Partners LLC to launch a $200 million private equity growth fund.

The investment vehicle, White Field AG Growth Fund IV, will target investments in healthcare and market-adjacent businesses in the lower middle market.

The two partners have committed an initial investment of $2 million into the fund and will jointly act as the general partners. The fund management will be headquartered in Palmas del Mar, Puerto Rico.