Clearhaven Partners Closes on $580M for Sophomore Tech Fund
Clearhaven Partners LP, a Boston-based software private equity firm, announced the closing of its second fund, Clearhaven Fund II, L.P., at more than $580 million, closing above target and at its hard cap.
Clearhaven closed the fund approximately two years after its $312 million debut fund.
Launched in 2019 by Michelle Noon, founder and managing partner, the firm makes investments in lower middle market software and technology companies with revenues of approximately $20 million to $100 million.
The investment team is co-led by Noon and managing partner Chris Ryan.
“Our mission has been clear and consistent since day one – to invest exclusively in growing software businesses who seek an operationally oriented partnership with our team, and to do so while maintaining an uncompromising set of shared values. This mission carries directly into Fund II,” said Noon.
Since inception, Clearhaven has completed 11 transactions, including customer engagement software firm Engageware, video infrastructure software firm Wowza, digital asset management software provider PhotoShelter, personalized video communications SaaS provider SundaySky, cloud voice communications software firm Avoxi, and digital signage and workplace experience software provider Korbyt.
M2O Private Fund Advisors served as Clearhaven’s placement agent for Fund II, and Kirkland & Ellis LLP served as legal counsel.
Pictured: Clearhaven headquarters, Boston, MA