Clearwater reaches final close of $575m on fourth fund
Clearwater Capital Partners has closed its latest Asia credit and special situations fund at $575 million. It is the first time the private equity firm has gone to the market since 2007, when it raised a greater-than-expected $900 million for Clearwater Capital Partners III. Fund IV, which is already 40% invested, started out with a similar target.
Overseas Private Investment Corporation (OPIC) and International Finance Corporation (IFC) are among the LPs in the new vehicle. Other commitments came from corporate and state pension plans, fund-of-funds,...
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