Clearview closes on $325m for third vehicle

Clearview Capital, led by two co-founders including Cal Neider, has closed its oversubscribed Fund III.

Clearview Capital’s Fund III closed on $325 million, according to a statement made by its placement agent, Atlantic-Pacific Capital, Tuesday. The fund had been targeting $275 million, Private Equity International reported earlier.

Clearview’s previous fund closed on $250 million in 2008 and was the firm’s first vehicle with capital from institutional investors like New York Life and Credit Suisse, PEI reported. Fund II’s target was $200 million, according to an earlier statement from Atlantic-Pacific. Clearview’s debut fund raised $70 million from individuals and high-net worth family backers.

Cal Neider

Clearview is led by managing partners and co-founders Calvin Neider and James Anderson. Both previously worked at Capital Partners.

The firm seeks investments in North American companies with operating profits up to $20 million, according to the placement agent’s statement.

James Anderson

 
Earlier this year, Clearview exited Hillsdale Furniture, after investing in the company nine years earlier. Financial terms were not disclosed on the firm’s website. During 2012, Clearview exited three companies, including Air Cooled Exchange Exchangers and EN Engineering, as stated on the website. Clearview operates out of Old Greenwich, Connecticut, Chicago and Los Angeles.