Clairvest Completes Final Closing of Clairvest Equity Partners VII at US$1.2 Billion Hard Cap in Under 4 months

Toronto, Ontario (August 10, 2023) – Clairvest Group Inc. (TSX: CVG, “Clairvest”) today announced it has held its final closing for Clairvest Equity Partners VII (“CEP VII”). CEP VII closed at the fund’s hard cap of US$1.2 billion in under four months and was oversubscribed. Clairvest’s commitment to CEP VII is US$300 million alongside US$900 million from third-party investors. As with Clairvest’s previous funds, Clairvest will be the single largest investor in CEP VII.