Monitor Clipper draws $135 mln for fourth buyout fund: UPDATED

Firm: Monitor Clipper Partners

Fund: Monitor Clipper Equity Partners IV LP

Amount raised: $135 million

Monitor Clipper disclosed $105 million raised from 36 investors in a Form D filing, plus it has another $30 million in escrow from a single investor’s subcription document, according to a source.

The buyout fund’s leadership roster from the ranks of Monitor Clipper’s partners and other high-ranking executives include Michael Bell, Adam Doctoroff, April Evans, Peter Laino, Travis Metz, Mark Thomas, Charles Yoon, William Young, Stephen Lehman, Thomas Perkins, Samer Abou-Ezzeddine, Daniel Jang, Julia Monfrini-Peev and Matthew Stone, according to a Form D filing with regulators.

Bell, a partner at Monitor Clipper, was a founder of Monitor Clipper Partners and a co-founder of Monitor Group. Doctoroff, now a partner at the firm, joined Monitor Clipper in 1998 and became a partner in 2008.

Among its recent deals, Monitor Clipper portfolio firm MyEyeDr moved to grow its vision care business with the acquisitions of two firms, Lord Eye Center, of Georgia, and Doctors Vision Center, of North Carolina, in 2014. Last November, The Riverside Company paid an undisclosed sum to buy Paradigm Tax Group from majority owner Monitor Clipper.

Last August, Accenture closed its deal to buy Mortgage Cadence, a loan origination software maker, from Monitor Clipper. And in July of last year, Monitor Clipper sold Medical Security Card Company LLC to MedImpact Healthcare Systems Inc, the largest privately held provider of pharmacy benefit management services in the United States.

Currently, Monitor Clipper has 18 firms listed as current investments. The firm also runs an office in Zurich and has completed transactions in Germany, Italy, Denmark, Spain and France, according to its website.

In 2007, Monitor Clipper disclosed $419 million raised from 41 accredited investors for Monitor Clipper Equity Partners III LP, according to a Form D filing.  In 2004, it disclosed $783 million raised for Monitor Clipper Equity Partners II LP.

(This story has been updated to reflect an additional $30 million raised for Monitor Clipper Equity Partners IV in an escrow account.)