CLAIRVEST GROUP INC.
Clairvest combines capital with the considerable experience of its board, consisting of entrepreneurs who have themselves successfully built many companies. Their expertise and experience is brought to bear on every investment opportunity.
As a publicly listed company (TSX: CVG), Clairvest continues to manage its own capital by co-investing alongside the Clairvest Equity Partners funds in private equity investment opportunities originated by its team. Clairvest is also a participant – and a leading investor – in the general partner of Wellington Financial, which provides venture debt and bridge financing to Canadian corporations.
Under the current management team, Clairvest has initiated investments in 38 different companies, accounting for invested capital of over $830 million.
CLAIRVEST EQUITY PARTNERS
Clairvest manages the capital of Clairvest Group Inc., and that of third parties, through Clairvest Equity Partners Limited Partnership II (“CEP II”), Clairvest Equity Partners III Limited Partnership (“CEP III”) and Clairvest Equity Partners IV Limited Partnership (“CEP IV”). From 1987 to 2001 Clairvest managed and invested a portfolio wholly-owned by Clairvest.
Review Fund I
In 2001, Clairvest launched a new fund called “Clairvest Equity Partners Limited Partnership II” (“CEP II”), raising $164 million from outside investors and committing to invest $55 million alongside the fund. This moved Clairvest from a private equity firm that invests its own capital to generate returns, to one that invests with third-party investors who want access to Clairvest’s proven investment expertise.
Review Fund II
In 2006, Clairvest launched its third private equity investment initiative, Clairvest Equity Partners III (“CEP III”), through a $300 million capital pool consisting of $225 million from third-party investors and $75 million from Clairvest Group Inc.
Review Fund III
In 2011, Clairvest raised its fourth fund. Clairvest Equity Partners IV Limited Partnership (“CEP IV”) is a $467 million capital pool with $342 million committed from outside investors and $125 million from Clairvest.
Review Fund IV
Wellington Financial LP is a privately held specialty finance firm providing venture debt via operating lines, term loans and amortizing loans up to $40 million. The funds clients vary in size and business model, but generally have current-year revenue in excess of approximately $5 million. Clairvest Group Inc. is a participant in the general partner of Wellington Financial and a leading investor in its funds. Clairvest Group Inc. first invested in Wellington Financial with a $5 million commitment in 2000. This was increased in 2003 with a $20 million commitment in Wellington Financial II. Based on the success of both funds, Clairvest has invested $25 million into Wellington Financial III. Subsequently, Clairvest transferred its commitment in Wellington Financial III to Wellington Financial IV and raised it to $25.1 million. Limited partners in Wellington include several of Canada’s largest institutional investors, crown corporations, financial institutions and pension funds. Wellington Financial is currently providing loans from its fourth fund, a $200 million recycling vehicle.
To find out more about Wellington Financial, please visit their website at: www.wellingtonfund.com.