Wednesday, 17 September 2014
Last updated 7 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...