About This Fund
Clearhaven Fund I, L.P. is the debut private equity fund raised by Clearhaven Partners, a Boston-based lower middle-market buyout firm founded in 2019 by Michelle C. Noon and Kevin A. Wood. The fund closed in September 2021 with more than 12 million in capital commitments, significantly exceeding its target and closing oversubscribed. Notably, the entire fundraise was conducted during the COVID-19 pandemic, and the fund was fully committed within six months of its first closing — a testament to strong LP demand and the founding team's credibility. The fund is domiciled in Delaware, United States.
Clearhaven Fund I targets growing lower middle-market software and technology companies with revenues of approximately 0 million to 0 million, pursuing control-oriented buyout investments across four thematic areas: Application Software, Infrastructure Software, Financial Technology, and Data & Analytics. The firm's operationally-driven partnership model centers on supporting scalable, profitable growth, with the investment team drawing on backgrounds at Thoma Bravo, Clearlake Capital, Advent International, Apax Partners, JMI Equity, and H.I.G. Capital.
The fund's LP base includes endowments, foundations, insurance companies, pension funds, funds-of-funds, and senior executives from software companies who worked with the Clearhaven founders previously. Early platform investments from Fund I include Engageware (formerly TimeTrade SilverCloud), a Massachusetts-based SaaS provider for financial institutions, and Wowza Media Systems, a Colorado-based video and media streaming software company. The success of Clearhaven Fund I led to the 2024 closing of Clearhaven Fund II at 80 million, demonstrating consistent LP conviction in the team's software-focused buyout strategy.