Exclusive: Arsenal, H.I.G. veterans near first close on $125 mln ClearPoint fund

Firm: ClearPoint Investment Partners

Fund: ClearPoint inaugural fund

Target: $125 mln

Amount Raised: Nearing $47 mln

”They are in diligence with numerous institutions and their strategy and fund [are] being well received,” the person said.

Carty Chock, partner and co-founder of ClearPoint, most recently worked as a partner at Arsenal Capital, where he was co-head of the financial services practice.  Before Arsenal, he was a principal at CCMP Capital and its predecessor firm, J.P. Morgan Partners, where he led investments in financial services.Early in his career, he worked as a financial analyst at Goldman Sachs.

Ingrid Mazul, partner and co-founder of ClearPoint, previously worked as a principal at H.I.G. Capital, where she led lower middle-market buyout deals. Her 12 years of private equity investment experience, mostly in business and financial services,  includes deal sourcing, due diligence, transaction negotiation, board advisory and exits. She was also a principal at J.P. Morgan Partners, where she was responsible for investments in financial services. Earlier in her career, she led investments in business services, financial processing and technology for LabMorgan.

Mazul and Chock worked together for six years at J.P. Morgan and have sourced and closed 20 investments in target sectors representing more than $425 million of investment capital.

ClearPoint plans to invest in buyouts, recapitalizations and growth equity transactions, with a concentration on non-capital intensive verticals including outsourced services, data and analytics, transaction processing, and brokerage.

The firm sees a large opportunity in the fragmented and diverse financial service sector, which is currently underserved by private equity firms in the lower-middle market.

Emails to Chock and ClearPoint by Buyouts were not returned.