Irvine-based Avanath Capital Management, LLC announced the final close of its fourth discretionary fund with a total of $760 million in equity commitments. That figure is significantly above the fund’s original commitment target of $550 million. Avanath’s Daryl Carter says, “Our focus has always been on preserving affordability in underserved markets across the country. As our fourth fund, we plan to continue this mission by bringing institutional capital to these communities, many of which are communities of color.”