Clearview Capital closed its latest private equity fund at its $850 million hard cap.
The Clearview Capital Fund V carries on the firm’s lower middle market growth strategy to invest $25 million – $100 million per transaction in companies in the business services, consumer, healthcare services, manufacturing and specialized distribution sectors that have $4 million to $20 million of EBITDA.
“We are enormously grateful to our loyal group of limited partners who have been such strong supporters over the years and during this most recent fund raise,” said James G. Andersen, co-founder and managing partner of Clearview Capital. “With their steadfast support and with the enthusiastic participation of a number of new institutional investors, we’re proud to have completed this current round of fundraising rapidly, despite a crowded and challenging environment.”
The firm counts endowments, foundations, pension funds, family offices, funds of funds and high-net-worth individuals in its investor base. Fund V also had support from two dozen current and former managers/sellers of Clearview Capital’s portfolio investments.
“For the past twenty-three years, we have worked hard to build a reputation in the lower middle market of which we are exceptionally proud,” said William Case, Jr., managing partner of Clearview Capital. “We intend to remain laser-focused on the lower middle market of growth businesses and building value in our portfolio companies for the benefit of our management partners, portfolio company employees and limited partners.”
Lazard Frères & Co. LLC advised the fund and Kirkland & Ellis LLP provided legal counsel.
The Stamford, Conn.-based Clearview is currently making investments from Clearview Capital Fund IV, L.P. and its affiliate, a $550 million vehicle.
