Clear Venture Partners Fund GP

United States of America

Last updated 13 May 2020, by Impactyield.

Edit this fund

Clear Venture Partners is a $50M fund-in-formation targeting underserved geographies in New England. The fund will geographically targeted regions considered underserved by virtue of income levels, federal designations (e.g. HUB, EC/EZ zones), low per capital venture capital investment and/or other such designations. The fund will invest in 12-15 early stage (pre-revenue, early revenue) ventures in one of three target sectors: energy/environment, health/bio sciences and software/web/mobile. The fund will charge a 2.5% management fee and will have a 20% carried interest. The fund is based in Portland ME and is led by the fund manager of CEI Community Ventures (CCV), a $10M early stage venture capital fund that targets underserved (distressed, low income) regions in northern New England. CCV ( is a for-profit subsidiary of Coastal Enterprises Inc ( Clear Venture Partners is a new fund and is wholly unaffiliated with Coastal Enterprises or any of its subsidiaries or entities.

Financial description

Clear seeks to achieve market rate returns for its asset class. The fund manager targets top quartile financial returns vs any other early stage venture capital fund of similar size and vintage.

13 years

of track record


the year funded

50,000,000 USD


Asset manager

SDG goals

SDG targets

Encourage companies to adopt sustainable practices and sustainability reporting

Sustainable food production and resilient agricultural practices

Improve water quality, wastewater treatment and safe reuse

Expand and upgrade energy services for developing countries

Promote policies to support job creation and growing enterprises

Increase access to financial services and markets

Upgrade all industries and infrastructures for sustainability

Key performance indicators

Fund overview

Asset manager: Clear Venture Management

Product track record: Fund has 13 years of track record

Target IRR: 35%

Committed Capital: 275,000 USD (US Dollar)

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2010

Vintage year: 2010

Target region: , , ,

Target close date: n.a.

Product term: 10 years

Assets under management: 50,000,000 USD (US Dollar)

Investment size: Min: 1,000,000; Max: 3,000,000; Avg: 2,000,000

Co-investment policy: ,

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 0

Fund investments to date exited or repaid: 0

Management fee: 2.5%

Carried interest: 20%

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

Limited Partner / Investor Type: Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors




Phone number: 2073181787.00

If you wish to have your details removed from this database please email

Jen Walker

Finance and Administration

Michael Gurau

Managing General Partner

Impact Performance


Impact thesis

Clear will measure its primary impact in terms of dollars and deals invested/made in qualified target geographies. Beyond geography, Clear will measure total and low income jobs created and sustained, composition of management team (women, minorities) and founders/owners; and environmental impact (environmentally beneficial products/services, environmentally progressive management/operational practices, etc.).

Impact Management


Request information about this fund