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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note