Avant, the online lender, has raised $139m in debt led by Jefferies and another $200m in debt co-led by J.P. Morgan and Credit Suisse. Avant’s total funding raised is now over $1b in debt financing and $334m in equity financing. The lender is going to need it as it looks to compete directly with Lending Club. CEO Al Goldstein explained that Avant want to focus to the U.S. and U.K. middle class, with loans ranging from $1,000 to $35,000. The average loan size is $8,000