Leading private equity firm GTCR has made a significant investment in Clear Capital (a top player in real estate analytics, data solutions, and valuation technology). This collaboration includes working with Clear Capital’s co-founder and CEO, Duane Andrews, to support the company’s growth and enhance its market position.
This investment marks Clear Capital’s first external financing, with GTCR becoming the majority owner, while Andrews retains a substantial equity stake. Headquartered in Reno, Nevada, Clear Capital has been providing innovative valuation technology and data solutions since 2001, managing over five million transactions annually. Its digital floor plan tool, CubiCasa, is used in about 30% of new listings nationwide.
GTCR will focus on expanding Clear Capital’s valuation and data services, investing in technology infrastructure, and accelerating mergers and acquisitions, including the integration of CubiCasa.
Additionally, Scott Happ, an experienced tech executive, has joined Clear Capital’s Board of Directors as an advisor. He previously collaborated with GTCR during its investment in Optimal Blue, where he served as CEO from 2016 to 2022. Additionally, he founded Mortgagebot, which innovated digital mortgage technology.
Support: Wells Fargo and Houlihan Lokey served as financial advisors to GTCR on the transaction, and Simpson Thacher & Bartlett served as GTCR’s legal counsel. And American Discovery Capital served as financial advisor to Clear Capital and O’Melveny & Myers served as Clear Capital’s legal counsel.
KEY QUOTES:
“Clear Capital’s innovative technology platform, combined with its deep expertise delivering data-driven solutions, positions it as a leader in this rapidly evolving market. This investment underscores GTCR’s commitment to backing exceptional management teams and leveraging our expertise in technology and financial services to drive transformational growth.”
Michael Hollander, Managing Director at GTCR
“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. Our mission remains the same: to build confidence in real estate decisions to strengthen communities and improve lives. Through this strategic investment, we can build upon this mission even further.”
Duane Andrews
“As the real estate landscape continues to undergo rapid change, Clear Capital stands out for its unique technology-driven platform and proven ability to profitably expand and innovate. We look forward to partnering with Duane and the entire Clear Capital team to accelerate the Company’s growth trajectory and continue to deliver exceptional value to its customers. We also plan to pursue strategic acquisitions to further expand Clear Capital’s product set.”
David Lalo, Director at GTCR
