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Clearhaven Partners closes an oversubscribed debut private equity fund, Clearhaven Fund I, to invest in software and technology companies and focus on the lower middle-order market software and technology inputs
Boston’s private equity firm, Clearhaven Partners, closed an oversubscribed debut private equity fund of $312 million, called the Clearhaven Fund I L.P (Fund I), to focus exclusively on the lower middle market software and technology inputs, a press release from Clearhaven said.
Clearhaven, founded in 2019, invests predominantly in software and technology-focused companies with revenues of approximately $20 million to $80 million. The firm states that its limited partners’ commitments come from an institutional investor base spanning endowments and foundations, insurance companies, pension funds and funds-of-funds and industry executives.
Clearhaven said it follows a proactive and thematic approach to identify attractive investments and backs management teams and companies seeking true partners in scaling their businesses. Clearhaven’s team comprises experienced technology investors and operators with shared values and backgrounds at firms such as Thoma Bravo, Clearlake Capital, Advent International, Apax Partners, JMI Equity and H.I.G. Capital.
We are humbled by the tremendous support from our limited partners who chose to partner with Clearhaven during a volatile macro environment and with many choices. We are humbled by the tremendous support from our limited partners who chose to partner with Clearhaven during a volatile macro environment and with many choicesMichelle Noon, co-founder and managing partner
Clearhaven stated that it has been an active investor since closing on its three investments for Fund I, including two platforms and one an add-on acquisition within the Firm’s thematic areas of focus.