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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 27 8.00%
of those in investment advisory functions 22 10.00%
Registration SEC, Approved, 3/27/2012
AUM* 2,107,684,067 3.06%
of that, discretionary 2,107,684,067 3.06%
Private Fund GAV* 2,107,684,067 3.06%
Avg Account Size 191,607,642 3.06%
SMA’s No
Private Funds 11
Contact Info 203 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
2B 2B 1B 1B 876M 584M 292M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count11 GAV$2,107,684,067

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Brochure Summary

Overview

James G. Andersen, Co-Founder and currently Managing Partner and Calvin Neider, Co-Founder and currently Founding Partner formed Clearview Capital, LLC as a Delaware limited liability company in 1999 and converted the organizational structure to a limited partnership, Clearview Capital, L.P. in June 2018 (“Clearview Capital,” “manager,” “us,” “we” and “our”). Messrs. Andersen and Neider met each other in 1996 and began working together at Capital Partners, Inc. in 1997, where they both ultimately served as Managing Directors. Immediately after the founding of Clearview Capital by Messrs. Andersen and Neider, Harold F. “Pete” Doolittle joined the firm as a non-managing member. Mr. Doolittle had also previously served as a Managing Director at Capital Partners, Inc. with Messrs. Andersen and Neider. Mr. Doolittle retired on December 31, 2010 and at that time relinquished his ownership stake in Clearview Capital except for his ownership in two assets held by Clearview Capital which are unrelated to the advisory business of the firm. Mr. Doolittle maintains an economic interest in Clearview Capital’s affiliated entities. In 2021, William F. Case, Jr. and Matthew W. Blevins were promoted to Managing Partner and joined Messrs. Andersen and Neider on the firm’s Management Committee (“Management Committee,” “Principals” and “our Principals”). On June 30, 2023, Mr. Neider ceased to serve on the firm’s Management Committee. Clearview Capital’s partnership interests are owned 40% each by Messrs. Andersen and Neider, and 10% each by Messrs. Case and Blevins. Currently, Clearview Capital provides discretionary investment advisory services to private investment funds (“Clients” or “Funds”) that seek to generate capital appreciation primarily through private equity investments in portfolio companies that are generally profitable and have a history of revenue growth. As of December 31, 2023, Clearview Capital provides investment advice to the following eleven Funds: 1. Clearview Capital Fund II, L.P. (“Fund II”) 2. Clearview Capital Fund II (Parallel), L.P. (“Fund II Parallel”) 3. Clearview Capital Fund III, L.P. (“Fund III”) 4. Clearview Capital Fund IV, L.P. (“Fund IV”) 5. Clearview Capital Fund IV-A, L.P. (“Fund IV-A”) 6. Clearview Capital Fund V, L.P. (“Fund V”) 7. Clearview Capital Fund V-A, L.P. (“Fund V-A”) 8. Clearview Capital Mezzanine Fund I, L.P. (“Mezzanine Fund I”) 9. Clearview Capital Mezzanine Fund I-A, L.P. (“Mezzanine Fund I-A”) 10. Clearview Capital Mezzanine Fund II, L.P. (“Mezzanine Fund II”) 11. Clearview Capital Mezzanine Fund II-A, L.P. (“Mezzanine Fund II-A”) Fund II, Fund II Parallel, Fund III, Fund IV, Fund IV- A, Fund V and Fund V-A are referred to collectively as “Equity Funds” and Mezzanine Fund I, Mezzanine Fund I-A, Mezzanine Fund II and Mezzanine Fund II-A are referred to collectively as “Mezzanine Funds.” Each Fund is managed by a general partner (“General Partner”) and each General Partner is subject to the Advisers Act pursuant to Clearview Capital’s registration in accordance with SEC guidance. This Brochure also describes the business practices of the General Partners, which operate as a single advisory business together with Clearview Capital. The investment management services that Clearview Capital provides to the Funds primarily consist of investigating, structuring and negotiating investments and dispositions, monitoring the performance of investments and performing certain administrative services. These services are provided pursuant to an investment management agreement or the partnership agreement (and
together with the private placement memorandum, the “Governing Documents”) with the Funds and as a result of a delegation of authority by the General Partner of each Fund. We provide tailored investment advice to each Fund that takes into account its investment objectives and the investment restrictions contained in the specific Fund’s Governing Documents and investment management agreements. The advisory services of Clearview Capital are described herein. Investors in the Funds (generally referred to herein as “Investors” or “Limited Partners”) participate in the overall investment program for the applicable Fund, but in certain circumstances are excused from a particular investment due to legal, regulatory or other agreed upon circumstances pursuant to the Governing Documents. For the avoidance of doubt, such arrangements generally do not and will not create an adviser-client relationship between Clearview Capital and any Investor. In these circumstances, the Funds or the General Partners generally enter into side letters or other similar agreements (“Side Letters”) with certain Investors that have the effect of establishing rights under, or altering or supplementing the terms (including economic or other terms) of, the Governing Documents with respect to such Investors (See Portfolio Company Fees in Item 5 for other services Clearview Capital may provide). Debt Financing of Portfolio Companies Clearview Capital will generally arrange for senior and/or mezzanine financing from various counterparties for the Funds’ portfolio companies. Clearview Capital does not consider senior and mezzanine financing to be a commodity. As such, although financing rates are a consideration in selecting a counterparty, the rate is not determinative and need not be the lowest available, as many other factors are also important and relevant in determining whether Clearview Capital has selected the best counterparty for its Clients under the circumstances. Clearview Capital seeks to obtain such financing based on the following factors: 1) responsiveness of the debt provider, including availability to meet with all parties to the loan on short notice, 2) ability to move quickly and maximize the chances a transaction will close, 3) the reputation of the counterparty, 4) the expectation that the counterparty will accommodate any special needs of the portfolio company or Clearview Capital and its willingness to negotiate terms, 5) the flexibility the counterparty has shown or can be expected to show in the event of a refinancing or restructuring, 6) the counterparty’s knowledge and experience with lower middle market companies, 7) the counterparty’s relevant industry or operational experience, and 8) the competitiveness of the financing terms. Financing may be obtained from those Limited Partners in a Clearview Capital Fund or from co- investors in other portfolio companies, who meet the requirements listed above. However, an expectation that a counterparty will invest in a future Clearview Capital Fund will not be taken into account when determining who shall act as counterparty to a portfolio company. Wrap Fee Program Clearview Capital does not participate in wrap fee programs. Assets Under Management As set forth on Form ADV, Item 5, our Regulatory Assets Under Management totaled $2,107,684,067 as of December 31, 2023. Such figure includes capital that may be called by the Funds from their Limited Partners and has not been reduced by any outstanding indebtedness of the Funds. We do not manage client assets on a non-discretionary basis.