Tuesday, 21 April 2015
Last updated 5 hours ago
Apr 14 2008 | 12:31pm ET
Middle-market private equity firm Clearview Capital last month held a final closing at $250 million for its first institutional fund, Clearview Capital Fund II.
Fund II has already completed three platform and three add-on investments and “expects to maintain an aggressive investing pace,” according to the firm. With the new pool of committed capital, Clearview will continue its strategy of investing alongside management to acquire and develop established mid-market companies that have cash flow between $4 million and $20 million.
"With the completion of this fund raising we can now focus all of our efforts on finding, acquiring and developing great lower middle market businesses," said Calvin Neider, Clearview's co-managing partner. "By putting in place committed capital and by reaching our hard cap, we have dramatically improved our ability to support all of Clearview's investing efforts."
The majority of the Fund II’s capital was provided by institutional investors, but also comprises many of Clearview's original individual and wealthy family backers.
Atlantic Pacific Capital served as placement agent for the fund.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…