Clare Leads New CCP Office
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Clare Leads New CCP Office

Constitution Capital Partners (CCP) has hired Daniel Clare as a Partner and head of the firm’s new office in New York. Mr. Clare, who will focus on building out CCP’s newly established credit business, will have overall responsibility for the New York office and will report directly to Co-Managing Partners, Daniel Cahill and John Guinee.

“Dan is a terrific addition to our team from both a business and a cultural standpoint,” said Mr. Cahill. “We searched for and considered many other qualified candidates, but Dan inevitably set himself apart as the leader we need to expand our business offerings and enhance our relationships within the middle market.”

Mr. Clare has over 20 years of industry experience and from 2010 to 2016 was a Managing Director at Ascribe Capital, formerly known as American Securities Opportunities Fund, which invests in the debt and equity securities of middle-market companies. Earlier, he was a Senior Managing Director at Diamond Castle, a private equity firm focused on leveraged buyout and growth capital investments in middle market companies. Prior to Diamond Castle, Mr. Clare was an investment professional at CSFB Private Equity/DLJ Merchant Banking Partners. Mr. Clare began his professional career as a management consultant at Bain & Company and in the investment banking division at Goldman Sachs & Co. He has a BA in Political Science from Haverford College and an MBA from Harvard Business School.

“I am thrilled to be joining the CCP team and am eager to begin implementing the firm’s strategy for the New York office,” said Mr. Clare. “CCP has worked diligently to establish a top-tier reputation and I very much look forward to helping execute on strategic investment opportunities and to build upon the firm’s strong history.”

In January 2017, CCP closed its latest fund, Ironsides IV, with total capital commitments of $755 million. The new fund was oversubscribed and exceeded the original $500 million target. Ironsides IV invests in private equity funds and also makes direct investments in North America-based small to mid-cap companies. The firm invests in funds that have from $200 million to $1.5 billion in total commitments and makes direct investments in companies that have enterprise values from $100 million to $1 billion. Credit investments stretch across the capital structure and include senior loans, corporate bonds, and mezzanine debt.

Constitution Capital Partners manages approximately $2.7 billion of assets and is headquartered in Boston (www.concp.com).

© 2017 Private Equity Professional | February 3, 2017

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