Clairvest to leverage strong exit multiples in launch of $800 mln Fund VI
Clairvest Group has set an $800 million target for its sixth mid-market fund, which would be the largest in the private equity firm’s 31-year history. Clairvest Equity Partners VI is expected to begin fundraising in Q1 2019, Vice Chairman and Managing Director Jeff Parr and President and Managing Director Michael Wagman told PE Hub Canada. Closing on $800 million would give CEP VI 33 percent more committed capital than its predecessor, which raised $600 million in 2014. The Toronto firm will do this by expanding its base of North American limited partners. Clairvest will launch fundraising with momentum, thanks to a series of lucrative exits over the past 23 months.
2 October 2018•1 min read
