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Clairvest closes sixth private equity fund at hard cap of USD850m

Clairvest Group has held a first and final closing for Clairvest Equity Partners VI (CEP VI) at its hard cap of USD850 million.

Marketing of CEP VI commenced in January 2019 with a fund target size of USD800 million. Clairvest’s commitment to the fund is USD230 million alongside USD620 million from third party investors. As with Clairvest’s previous funds, Clairvest will be the single largest investor in CEP VI.

“We are delighted to have a renewed commitment by many of our existing fund investors as well as to welcome several new investors to CEP VI. We are pleased that the market was receptive to our investment strategy, track record and focus on alignment of interests,” says Ken Rotman, CEO of Clairvest. “Our success is premised on fundamental value creation, proactive deal origination and ensuring a true alignment with our management partners and fund investors.”

Metric Point Capital acted as Clairvest’s exclusive placement agent.

CEP VI will be a successor fund to Clairvest Equity Partners V (CEP V), a CAD600 million investment fund pool which is currently completing its investment programme.

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