Avante Capital Partners Announces Unitranche Financing in Selerix Systems, Inc.

Los Angeles, CA (November 2021) – Avante Capital Partners, a women-owned private credit and structured equity firm, is pleased to announce the completion of a unitranche debt and equity investment in Selerix Systems, Inc. (“Selerix”) to support a new portfolio investment by NexPhase Capital, LP (“NexPhase”). Based in McKinney, TX, Selerix is a leading provider of cloud-based benefits administration and employee engagement software. Selerix’s highly configurable software facilitates benefits administration (Selerix BenSelect), employment engagement (Selerix Engage), and ACA reporting (Selerix ACA) for over 8 million employees across 18,000 employer groups.

“We are thrilled to begin our relationship with Avante with this deal,” said Joel Killion, Partner at NexPhase. “Avante has proven to be a value-add partner with their thoughtful diligence and speed of execution in the underwriting process, and we are looking forward to collaborating with them going forward.”

“We are so excited to partner with a sponsor with such deep experience and expertise in benefits technology,” said Ivelisse Simon, Managing Partner at Avante Capital Partners. “We have no doubt NexPhase’s two decades of industry experience will allow Selerix to grow their unique, customizable benefits administration platform to address all the needs of the modern workplace. Selerix offers a valuable, differentiated service to an entire ecosystem of stakeholders, and we are proud to support our partners at NexPhase and Selerix’s distinguished management team in their continued success.”

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