Atlantic-Pacific Capital, an independent placement agent for alternative investment funds and direct private placements, has announced the final closing of Clearview Capital Fund II last m
Atlantic-Pacific Capital, an independent placement agent for alternative investment funds and direct private placements, has announced the final closing of Clearview Capital Fund II last month.
Clearview Capital’s first institutional private equity fund, it focuses on control-oriented equity investments in established lower middle-market companies in the US and Canada. Atlantic-Pacific Capital was exclusive global placement agent for the fund, which closed with USD250m in capital commitments, exceeding its target of USD200m.
‘We congratulate the Clearview Capital team on closing their first institutional private equity fund and wish them the very best as they continue their successful programme of investing in lower middle-market companies,’ says Atlantic-Pacific chief executive James Manley.
‘Their ability to source and execute transactions resonated with investors, and we are pleased that Clearview can count some of the most respected names in the business as their limited partners.’
The fund has already completed three platform and three add-on investments representing some USD42m and Clearview expects to maintain an aggressive investment pace. Its portfolio currently consists of Hettinger Welding, a provider of pipeline and facilities construction and maintenance services for natural gas infrastructure, Rowmark, a manufacturer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets, and Air Cooled Exchangers, a manufacturer of air-cooled heat exchangers used to cool gases and liquids in various industrial applications.
Founded in 1999, Clearview Capital specialises in the acquisition and recapitalisation of North American manufacturing and service companies with operating profit ranging between USD4m and USD20m. As a team, the firm’s principals have invested in 10 platform companies and completed numerous add-on acquisitions. In aggregate, Clearview’s current portfolio has sales of more than USD500m and operating profits in excess of USD100m.
With offices in North America, Europe and Asia, Atlantic-Pacific raises capital for projects include private equity, real estate, and hedge fund placements, as well as private placement financings in support of acquisitions, buy-outs and growth capital transactions. Founded in 1995, Atlantic-Pacific has raised more than USD33bn for its clients and has developed relationships with more than 4,000 alternative investors worldwide.
