The Education Opportunity Fund has become Avathon Capital, an investment platform committed to fostering innovation and impact across the education and workforce management markets. Led by EOF co-founders and managing directors Chris Hoehn-Saric, Shoshana Vernick and Jason Rosenberg, Avathon seeks to turn its expertise and relationships into a competitive advantage for its partners.

Avathon also announced it has doubled its assets under management to $404 million since its launch in 2015.

“We’ve been successful in this evolving market for years, and our new brand will help ensure we are well positioned for the years to come,” Rosenberg said in a statement. “We will continue to go deep into the education and workforce management markets while taking a partnership approach to investing. When you hear about Avathon, meet our colleagues, or work with our companies, we want you to know that we’re committed to success and having a real impact.”

Avathon selectively targets opportunities where it can invest $10 million to $50 million of equity capital and take a meaningful ownership position in companies with the potential to become enduring and strategically important businesses in their market. The company is headquartered in Chicago and is a part of Sterling Partners.