Fund profile / United States

Avenue Growth Partners Fund II

Geography: United States
Stage: Series A
Fund size: $155M
Focus: AI/ML and Vertical SaaS
Signals: Published

N°01 / About

About Avenue Growth Partners Fund II

Avenue Growth Partners closed an oversubscribed $155M Fund II at its hard cap ($125M target), nearly double its debut fund. Concentrated, growth-equity bets on vertical software and AI-enabled platforms for specialized industries: labs, trucking, legal, equipment dealerships.

N°02 / Thesis

Investment Focus

Location / RegionUnited States

Funding StageSeries A

Industry Focus

AI/ML

Vertical SaaS

Investor Signals Profile

active

Sweet Spot

Vertical software/AI founder in fragmented, underserved specialized market

vertical software

AI-enabled platforms

specialized industries

growth equity

Bullish Signals

Oversubscribed at hard cap, nearly 2x debut fundexternal

LPs include The Metropolitan Museum of Art, GCM Grosvenorexternal

Contrarian Signals

New data references Avenue Capital Group (debt/credit), not Fund Momentumexternal

Founder Do's

Build vertical software or AI for specialized, underserved industry

Fit an $8-10M Series A-adjacent check

Target fragmented, capital-constrained markets

Founder Don'ts

Expect a broad, generalist portfolio (concentrated positions only)

Avoid commodity/saturated verticals

10 signals on Avenue Growth Partners Fund II

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Facts

Fund Overview

Fund Size$155M

Saves0

Website

People

Key People

Ryan Russell, Brian Goldsmith

Ryan RussellCo-founder & Partner

Brian GoldsmithCo-founder & Partner

Backers

Known LPs

GCM GrosvenorFund-of-Funds

Accolade PartnersFund-of-Funds

Fairview CapitalFund-of-Funds

+2 more LPs in LP Radar

N°04 / See also

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