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Alternative Assets  + Private Equity  |  December 22, 2023
Clearhaven Partners Closes on $580M for Sophomore Tech Fund
By: Joe Palmisano

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 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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