🚀 Clearhaven Partners successfully raises $580 million for second fund
- The private equity firm is based in Boston, led by founder and managing partner Michelle Noon maintains a staff of 19. Senior team: Kevin Wood, Operating Partner & Co-Founder, Christopher Ryan, Managing Partner.
- Michelle Noon stated: "Our goal is to build healthy, intrinsically viable businesses that will attract the right acquirer at whatever time makes the most sense for the company."
- Clearhaven typically focuses on majority investments but occasionally makes "significant" minority investments.
- The firm specializes in backing lower middle market software and technology companies with strong growth prospects.
- The fund's target companies generally have revenues ranging from $20 million to $100 million.
- Clearhaven currently manages six active portfolio companies: Engageware, Wowza, PhotoShelter, SundaySky, AVOXI, Korbyt.
- The inaugural $312 million fund was closed in 2021, two years after the firm's launch by Noon, previously with Riverside Partners.
- Despite Fund II being significantly larger, Clearhaven plans to invest in a comparable number of companies, targeting six to nine, with capital reserved for follow-on investments.
- Clearhaven Partners remains optimistic about its position, citing being in "build mode" amid challenges in the private equity exit market.
Founder and Managing Partner at Clearhaven Partners
8moThank you for recognizing Clearhaven Partners!