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Clarion Capital Partners Closes $255.8 Million Equity Fund Focused on Middle-Market, Growth Businesses

FOR IMMEDIATE RELEASE

For Clarion Capital:
Doug Donsky (Edelman)
(212) 704-4473
doug.donsky@edelman.com

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.

Clarion Capital Partners, LLC, is a New-York based private investment firm. The firm invests in the consumer products, business services, specialty retail, specialty financial services and niche media/entertainment industries. Previous investments by the professionals of Clarion include the Imax Corporation, All-Clad Holdings, Inc., Snapple Beverage Company, and Encore Capital Group.