Lower-middle-market private equity firm Clarion Capital Partners LLC has raised its newest fund, Clarion Investors III LP, with total capital commitments of $427 million.
The fund was oversubscribed beyond its initial target of $350 million and an initial hard cap of $425 million.
The fund received capital commitments from a globally diverse group of investors, including public pension funds, corporate pension funds, insurance companies, funds of funds, endowments, foundations and global family offices.
Paul Weiss Rifkind Wharton & Garrison LLP served as legal counsel
