Clairvest Equity Partners V holds $518M initial close

May 01
22:16 2014

Clairvest Group Inc. (TSX: CVG) has held a first close of Clairvest Equity Partners V (CEP V) on April 30, 2014, securing $518 million in capita commitments, 104% of the fund’s $500 million target or 86% of the $600 million cap.

Clairvest Group committed $180 million with $338 million from third party investors.

Clairvest has reserved the right to increase its commitment to $200 million prior to the end of the fundraising period.

CEP V is a successor fund to Clairvest Equity Partners IV Limited Partnership, a $467 million investment fund pool that closed in January 2011.

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