Clearhaven Partners, a new firm focused on lower midmarket technology and software investments, has closed its debut fund with more than $312m in capital.
The vehicle, Clearhaven Fund I LP, closed above the Boston-based firm’s target, after coming to market in the fourth quarter of last year and holding a first closing in January, according to Michelle Noon, a firm co-founder and managing partner.
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Clearhaven Partners is a Boston-based private equity firm focused exclusively on software- and technology-focused investments. Clearhaven was founded by an investor-operator team to partner with growing, differentiated companies with at least $20 million in recurring revenue.
Clearhaven brings a collective 50+ years of software investing and operating experience to its portfolio companies through its partnership approach and its value creation playbook, which couples actionable insights with practical tools and guidance to help companies scale profitably.
Source: Wall Street Journal
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