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 to $30.0 million of EBITDA. Clarion focuses on growth companies in industries such as Media, Entertainment & Technology, Financial Technology & Services, Business, Healthcare & Industrial Services, Consumer & Education Services, and Industrial Technology & Services. Clarion’s structured credit business focuses mostly on CLO equity and mezzanine investments, sourced both in the primary and secondary markets. Additional information on Clarion can be found at www.clarion-capital.com.