Avalon Advisors, LLC

Avalon Advisors

Industry: Financial Services

Investment Date: March 2008

Headquarters: Houston, TX

Website: www.avalonadvisors.com

Avalon Advisors (“Avalon”) is a Houston-based asset management firm that manages equity, fixed income and balanced portfolios for wealthy families, endowments, foundations and trusts.  The company provides a high level of customer service and customized solutions for clients in a cost effective and tax efficient manner.  Avalon was founded in April 2001 and is led by its founding partners, Robert Gauntt, Henry Latrigue, Willie Langston, and Kevin Lilly.  Avalon has grown into one of the largest independent asset management firms in Texas with approximately $6.1 billion in assets under management.  In 2011, The Carlyle Group made a significant minority investment in Avalon.  The Carlyle transaction allowed an attractive return on the Company’s original investment, while continuing as a minority shareholder in partnership with Carlyle and the Avalon founders.