Clearhaven’s Fund II, the latest venture by the private equity firm, has successfully secured support from a diverse array of limited partners.

This includes prominent entities such as endowments, foundations, pension funds, insurance companies, family offices, funds-of-funds, and seasoned industry executives.

Background and Leadership:

Founded in 2019 by Michelle Noon, the Founder and Managing Partner, Clearhaven has carved its niche as a private equity firm with an exclusive focus on investments in the software and technology sectors.

The firm brings over 50 years of collective experience in software investing and operations, fostering a partnership approach with portfolio companies.

Clearhaven’s strategy revolves around a value creation playbook aimed at facilitating the profitable scaling of companies.

Investment Focus:

Clearhaven directs its investments towards lower middle market software and technology companies with revenue ranging from approximately $20 million to $100 million.

The investment team, co-led by Michelle Noon and Chris Ryan, a Managing Partner and seasoned technology investor, is complemented by the expertise of Boston-based professionals, including Operating Partner and Co-Founder Kevin Wood.

Portfolio and Achievements:

Since its inception, Clearhaven has successfully executed 11 transactions.

The firm’s current portfolio boasts a diverse range of companies, including Engageware, a customer engagement software company, Wowza, a video infrastructure software company, PhotoShelter, a digital asset management software provider, SundaySky, offering personalized video communications SaaS, Avoxi, specializing in cloud voice communications software, and Korbyt, providing digital signage and workplace experience software.

Past Success and Growth:

Clearhaven’s journey has been marked by significant milestones. The firm closed its inaugural fund at $312 million in 2021, a noteworthy achievement given the challenges posed by the pandemic.

This resilience and success underscore Clearhaven’s commitment to its investment strategy and the trust it has garnered within the industry.

Conclusion:

With a diverse group of limited partners backing Fund II, Clearhaven continues to solidify its presence in the private equity landscape.

The firm’s strategic focus on software- and technology-focused investments, coupled with its experienced leadership and successful track record, positions it as a key player in driving growth and profitability within its portfolio companies.