NEWPORT BEACH, Calif.–ClearLight Partners, a leading Orange County investment firm with a seventeen-year track record of investing in private companies and helping them achieve their long-term growth aspirations, is pleased to welcome Doug Scherrer and Matt Fobbe to its growing team.
Doug Scherrer will join as a Principal, working to source and execute new investment opportunities and to assist in the governance of ClearLight’s existing portfolio of great companies. Scherrer has more than 14 years of experience across private equity, management consulting and operational roles and brings a blend of investment and operational capabilities to the firm. Scherrer’s most recent experience includes serving as the CFO at Nubank, a high-growth credit card issuer based in Brazil. In this role, he helped lead Nubank through a period of accelerated and successful growth, contributing to key strategic decisions and the company’s equity and debt financings. Prior to Nubank, Scherrer was the CFO of Oasis Collections, a full-service short-term rental marketplace that began in South America. From 2005 to 2013, Scherrer held a succession of roles at General Atlantic, a leading global private equity firm, where he was based out of their New York and São Paulo offices. He was involved with General Atlantic’s investments in RiskMetrics, KCG Holdings, BM&F Bovespa, Qualicorp, Linx, Aceco TI, and Quality Technology Services. He began his career with the Boston Consulting Group as an Associate in its New York office. Scherrer is a Princeton University graduate with a degree in economics, Magna Cum Laude.
“Doug is an exciting addition to our team,” said the firm’s Managing Partner Michael Kaye. “His combined experiences will be an asset to ClearLight’s success by bringing a diversity of perspectives and new connections to the firm. Further, his background reinforces our emphasis on the value of having both operating and investment backgrounds on our team. This blend helps us better understand and work with the management teams at our portfolio companies as they go after opportunities and address challenges in their businesses.”
Matt Fobbe joins the team as an Associate, where he will support the execution of new investments and also work with ClearLight’s current companies. Fobbe’s professional background includes a role at Piper Jaffray in Minneapolis, where he was an Analyst in the healthcare investment banking group. Fobbe is a graduate of the University of Minnesota where he was an accounting and finance major.
For additional information about ClearLight Partners’ newest team members, please visit: www.clearlightpartners.com.
About ClearLight Partners
ClearLight Partners, LLC is a private equity firm in Southern California that invests in established, profitable middle-market companies across a range of industries. Since inception, ClearLight has raised $900 million in capital across three funds from a single limited partner. Our team has extensive operating and financial experience, and we have a history of successfully partnering with owners and management teams to drive growth and create value.
For more information, please visit www.clearlightpartners.com