Atlantic‐Pacific Capital, a privately‐owned placement agent and advisory firm, has held the oversubscribed final closing of Clearview Capital Fund III with USD325m of capital commitments.
The fund, managed by Clearview Capital, received support from a broad group of institutional investors including endowments, foundations, pension programmes, 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 while establishing itself as a specialist in acquiring and developing companies with less than USD10m of EBITDA. With offices in Old Greenwich (CT), Chicago and Los Angeles, the firm uses a national sourcing approach to identify and acquire companies with excellent growth potential due to inefficiencies that lower middle-market companies often display.
“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,” says Andersen.
“We are pleased that our LP clients recognised Clearview’s differentiated attributes and wish the firm continued success in the lower middle-market segment,” says Victor Manuel (pictured), partner at Atlantic‐Pacific Capital.
