Clearview Capital hits final close with $325m for third mid-market fund


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.

In May AltAssets reported that Clearview has raised two-thirds of the target for the fund.

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.

Last year the firm made a 4.5 times return by selling EN Engineering to CIVC Partners three years after buying the company.

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