Clearhaven Partners LP, a Boston, MA-based software private equity firm, closed its sophomore fund, Clearhaven Fund II, L.P., at $580M.
Fund II’s limited partners included endowments and foundations, pension funds, insurance companies, family offices, funds-of-funds, and industry executives.
Launched in 2019 by Michelle Noon, Founder and Managing Partner, Clearhaven is a private equity firm focused exclusively on software- and technology-focused investments, which brings a collective 50+ years of software investing and operating experience to its portfolio companies through its partnership approach with management and its value creation playbook to help companies scale profitably. Clearhaven pursues 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 Michelle Noon and Chris Ryan, a Managing Partner and experienced technology investor. Clearhaven’s Boston-based team is comprised of experienced technology investors and operators, including Operating Partner and Co-Founder Kevin Wood.
Clearhaven has completed 11 transactions since inception. Its current portfolio companies include customer engagement software company Engageware, video infrastructure software company Wowza, digital asset management software provider, PhotoShelter, personalized video communications SaaS provider SundaySky and cloud voice communications software company Avoxi, and digital signage and workplace experience software provider Korbyt.
Clearhaven closed on its inaugural fund at $312M in 2021 amid the pandemic.
FinSMEs
21/12/2023