PE-backed commercial finance company Clarus Capital launches

Clarus Capital launched as a commercial finance company with a focus on providing capital solutions to finance tangible assets for leveraged middle-market companies.

The firm, headquartered in Boston, is backed by private investment firm BharCap Partners LLC, from which it secured a $300 million commitment.

Clarus Capital targets investments up to $30 million across several equipment types and industries. The firm is already underwriting and funding investment opportunities and has been given several transactions in the range of $5 million to $30 million, which are set to close in the near term, according to a news release.

The firm's founders — Steve O'Leary, Tim Conway and Michael Eisenstein — will serve as CEO, chairperson and CFO, respectively. Additionally, Jeff Greene was named chief credit officer, while Dan Crowley will work as controller and head of administration.

Hovde Group served as exclusive financial adviser to Clarus Capital, and K&L Gates provided the company with legal counsel. Hunton Andrews Kurth provided legal counsel to BharCap.