Clearwater Capital Closes $900M Private Equity Fund III

Jul 11 2007 | 9:51am ET

New York-based private equity firm Clearwater Capital Partners recently held a final close of Clearwater Capital Partners Fund III with $900 million in committed capital.

The fund’s strategy is focused on building a diversified portfolio of special situation investments, distressed and undervalued assets and securities in Asia, excluding Japan. “We have a very positive view of the investment opportunities in special situation investing in Asia and the extremely robust investor interest we witnessed in the fundraising for Fund III is evidence that others share our enthusiasm for the region and the asset class,” said Robert Petty, co-founder.

Investors in the new fund comprise of institutional and individual investors including state and corporate pension funds, fund of funds, endowments, foundations, insurance companies and family offices in the U.S., Asia and Australia.

Petty and co-founders Amit Gupta and Bruno Beuque founded the firm in 2001.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...