Clarion Capital Partners has closed its fourth fund, Clarion Investors IV, after raising $677 million of capital commitments, exceeding its target of $600 million.
The fund seeks long-term investment outperformance primarily through partnering in buyouts of lower-middle market companies.
Clarion also announced the promotion of David Ragins to president of private equity.
“We deeply appreciate the support of existing and new limited partners, all of whom are placing their trust in Clarion’s culture and best-in-class team,” said Clarion managing partner Marc Utay. “We’re proud to have exceeded our initial target, and our developing leadership team looks forward to delivering more great results in the coming years.”
Clarion partner Eric Kogan added, “Our firm is excited to announce the promotion of David Ragins to president of private equity. David has spent nearly two decades at Clarion, has played a critical role in building our culture and h