US-based Clearview Capital has raised $325m for its third private equity fund.
Clearview Capital Fund III received commitments from institutional investors including endowments, foundations, pension programs, consultants and high-net-worth family offices.
Formed in 1999 by Jim Andersen and Cal Neider, Clearview has pursued the same investment strategy since inception targeting companies with less than $10m of EBITDA.
“We are extremely pleased with the strong support we received from existing and new investors alike. Atlantic-Pacific Capital did an excellent job managing the marketing process in an efficient, organised and expedited manner to help us achieve a final close in approximately five months,” said Andersen.
Earlier this year Clearview sold its stake in Hillsdale Furniture, which was held in its 2002 vintage fund.
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