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GTCR, a leading private equity firm, has made a significant investment in Clear Capital, a national real estate analytics and valuation technology company. The investment represents Clear Capital's first outside funding, with GTCR becoming the majority shareholder and co-founder Duane Andrews retaining substantial equity ownership.
Clear Capital is a leading provider of valuation technology, analytics, and data solutions for the mortgage and real estate industries. Founded in 2001, the company has consistently led the industry in developing innovative technology-driven solutions. Its product suite supports over five million transactions annually, and its digital floor plan offering, CubiCasa, is used in approximately 30% of all new listings nationwide.
GTCR will work closely with Andrews and Clear Capital's management team to enhance and expand the company's offerings, further invest in its technology platform and infrastructure, and accelerate M&A activity. The investment will also support the continued growth and integration of CubiCasa. Experienced executive Scott Happ has joined Clear Capital's Board of Directors, bringing over 40 years of experience in the mortgage and mortgage technology industry.
"This investment underscores GTCR's commitment to backing exceptional management teams and leveraging our expertise in technology and financial services to drive transformational growth," said Michael Hollander, Managing Director at GTCR. "Clear Capital's innovative platform positions it as a leader in this rapidly evolving market."
"Partnering with GTCR represents an exciting new chapter for Clear Capital, enabling us to scale our platform, expand product offerings, and continue to provide innovative solutions for the real estate and mortgage industries," said Andrews.
GTCR will also pursue strategic acquisitions to further expand Clear Capital's product set. Wells Fargo and Houlihan Lokey served as financial advisors to GTCR on the transaction, while American Discovery Capital advised Clear Capital.
About GTCR:
Founded in 1980, GTCR is a leading private equity firm that pioneers The Leaders Strategy – finding and partnering with management leaders in core domains to identify, acquire, and build market-leading companies. Since its inception, GTCR has invested over $30 billion in over 290 companies.
About Clear Capital:
Clear Capital is a national real estate analytics and valuation technology company committed to building confidence in real estate decisions to strengthen communities and improve lives.
