Clairvest closes sixth mid-market fund at $1.1 bln hard cap

Clairvest Group held the first and final close of its sixth mid-market fund, securing about $1.1 billion (US$850 million) in committed capital. Clairvest Equity Partners VI, the largest fund in the Toronto private equity firm’s 32-year history, reached its hard cap after less than four months of fundraising, according to a news release. Clairvest, a listed firm, was CEP VI’s largest investor, committing US$230 million alongside US$620 million from limited partners. The LPs were not identified. Prior Clairvest funds were backed mostly by North American institutional investors, such as pension systems, insurers and family offices.

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