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Onex Partners IV's $5.15 bln close suggests springtime for PE fund-raisingSpring is here, along with a welcome thaw to end a brutal winter. That is perhaps an apt metaphor for private equity fundraising, which also appears to be warming up. The final close of Onex Partners IV LP, the fourth partnership of Canadian private equity firm Onex Corp, provides a timely example. Fund IV has been wrapped up with US$5.15 billion in total capital committed. According to Onex, it is the largest fundraise in its history.
Clairvest raised $518 mln for fifth fundToronto-based Clairvest Group has raised $518 million in the first close of its fifth fund. The target is $600 million.
Clairvest's Fund V outperforms in first close, raising $518 mlnCanadian private equity firm Clairvest Group has completed the first closing of Clairvest Equity Partners V (CEP V), raising $518 million, or 86% of its $600 million hard-cap target. That share is even higher than the 75% recently reported /canada/2014/04/28/clairvests-fund-v-expected-to-clean-up-in-first-close-raising-75-of-target/ by peHUB Canada. The first close included a $180 million commitment from Clairvest itself, though the firm has reserved the right to increase this to $200 million prior to the end of the fundraising period. Clairvest co-CEO and managing director Jeff Parr told /canada/2014/04/28/clairvests-fund-v-expected-to-clean-up-in-first-close-raising-75-of-target/ peHUB Canada that the firm would not increase CEP V's hard cap, ensuring that investment activity continues to focus on partnerships with entrepreneurial, mid-market companies.
- Clairvest V first close raising 75% of target
A fresh breeze has been blowing in North America’s fundraising market of late, bringing relief to many investors with new offerings. But it takes more than that to explain the success that Canadian private equity firm Clairvest Group has recently had marketing its fifth fund, Clairvest Equity Partners V LP (CEP V).
Clairvest to raise at least 75% of Fund V target on first closeThis week, Clairvest is expected to announce the first close of CEP V, raising at least 75% of the partnership’s $600 million hard-cap target.
Clairvest's Fund V expected to clean up in first close, raising 75% of targetA fresh breeze has been blowing in North America’s PE fund-raising market of late, bringing relief to many investors with new offerings. But it takes more than that to explain the success that Canadian private equity firm Clairvest Group has recently had marketing its fifth fund, Clairvest Equity Partners V LP (CEP V). This week, Clairvest expects to announce the first close of CEP V, raising at least 75% of the partnership’s $600 million hard-cap target. What’s more, it will have managed this feat in less than three months on the fundraising trail.
- Clairvest targeting C$500 mln for Fund V
Clairvest Group, a Toronto-based buyout firm, has launched its fifth fund targeting C$500 million ($453 million), according to a person with knowledge of the fundraising.
- Clairvest nears first close for Fund V
The Toronto-based firm's Fund V has a C$500m target and C$600m hard-cap.
Clairvest back in market with Fund V targeting $500 mlnClairvest Group has launched its fifth fund targeting $500 million, according to a person with knowledge of the fund-raising. Clairvest Equity Partners V has a $600 million hard cap. Atlantic-Pacific Capital is working as placement agent. Clairvest targets mid-market buyouts in North America, seeking to invest between $15 million and $50 million in equity per company. The firm has overall generated a 2.8x return multiple since inception, the source said.
Clairvest back in market with Fund V targeting C$500 mlnClairvest Group, a Toronto-based firm, has launched its fifth fund targeting C$500 million, with a C$600 million hard cap.