Founded in 2019, Avant runs one play over and over: aggregate the acreage bigger operators skip, turn it into producing wells, and monetize at the top of the cycle. Two exits and a billion-dollar fund later, the formula is holding.
The Houston investment firm has built a business around assets most portfolios struggle to price - royalties under the ground, commercial claims in court, grid infrastructure and temporarily mispriced property. Its edge is less a single product than a repeatable habit: find complexity, underwrite it deeply and stay involved.