11/15/05
Clarion Capital Partners Closes $255.8 Million Equity Fund Focused on Middle-Market, Growth Businesses Clarion Capital Partners Closes $255.8 Million Equity Fund Focused on Middle-Market, Growth Businesses
Clarion Capital Partners, LLC, a New York-based private equity firm focused on middle-market, growth-oriented businesses, announced today that it has completed its fundraising with commitments of approximately $255.8 million. Far Hills Group, LLC acted as the placement agent. Through its Trumpet Funds (Trumpet Investors, LP and Trumpet SBIC Partners, LP), Clarion will seek investments across a range of industries and markets, and generally pursue individual investments ranging in size from approximately $15 to $50 million of equity.
To date, the fund has committed over one third of its capital to four portfolio companies: U.S. Nursing, Corporation, one of the largest privately held providers of travel nurse staffing; The Oceanaire, Inc., the owner and operator of distinctive ultra-fresh seafood restaurants; Great Northwest Insurance Company, a rapidly growing personal lines insurance business, which implements an innovative, low-cost/overhead model; and Strategic Outsourcing, Inc., one of the largest privately held professional employer organizations offering outsourced human resources to small and medium sized businesses.
About Clarion
Founded in 1999, Clarion is a New York-based investment manager operating two primary business segments: Private Equity (launched in 1999) and Structured Credit (launched in 2018). Clarion’s private equity business seeks to make primarily control investments in a diversified portfolio of lower middle-market companies generating $7.5-30.0 million of EBITDA. Clarion focuses on growth companies in industries such as: Media, Entertainment & Technology; Financial Technology & Services; Business, Healthcare & Industrial Services; and Consumer. Clarion’s structured credit business focuses mostly on CLO equity and mezzanine investments, sourced both in the primary and secondary markets. The structured credit team manages traditional private funds and an insurance-dedicated fund. Additional information on Clarion can be found at www.clarion-capital.com.