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Leveraged Finance Executive McAuliffe Joins Clarus Capital’s Sponsor Coverage Group

May 29, 2024, 07:15 AM

Continuing to build on its successful strategy of supporting leading middle market private equity firms, Clarus Capital (Clarus)announced veteran leverage finance executive Patrick McAuliffe has joined its Sponsor Coverage effort. McAuliffe brings decades of sponsor finance experience to Clarus, having led sponsor coverage efforts and as a member of the management committee and investment committee at NewStar Financial and successor First Eagle Alternative Credit. NewStar, a pioneer in private credit, was founded in 2004 by Clarus Chairman, Tim Conway, and acquired by First Eagle Investment Management in 2017. McAuliffe will work with Clarus’ leadership team to continue scaling the direct-to-sponsor channel and joins Jake Skivington, adding tremendous depth to the effort.

Prior to his tenure at NewStar Financial, McAuliffe was New York Market Executive for Bank of America, where he led teams managing 1,600 client relationships. He held a variety of positions over a 20-year career at Bank of America (formerly FleetBoston Financial).

In his new role, McAuliffe will drive Clarus' efforts to deepen relationships with existing sponsors partners while expanding coverage of private equity firms focused on the middle market. His appointment underscores Clarus' commitment to redefining the equipment finance market by providing sophisticated financing solutions and execution capabilities to sponsors and their portfolio companies.

"We are pleased to welcome Pat to Clarus as we continue to execute on our growth strategy and deliver the best possible experience to our sponsor clients and their portfolio companies," said Steve O'Leary, CEO of Clarus Capital. "His decades of leadership in private credit will make him an invaluable asset to our organization. We are confident that his longstanding relationships with the middle market private equity community, along with his deep industry expertise, will drive further success for Clarus."

“I’m excited to rejoin my NewStar Financial colleagues and look forward to introducing my middle market private equity relationships to Clarus’ unique leveraged equipment finance offering,” said McAuliffe. “It is crucial for sponsors to have sophisticated, dependable capital partners who can execute with precision. Clarus’ equipment finance products are designed to address a variety of needs across different stages of the private equity investment lifecycle. I look forward to helping our sponsor clients drive their value creation strategies with the help of Clarus’ flexible capital solutions.”

“Having Pat join our sponsor coverage team is a significant step in advancing our strategic objectives,” said Tim Conway, Chairman of Clarus Capital. “Having worked with Pat for over 20 years, I know firsthand the depth of his experience and the value he brings to our organization. His long-standing relationships in the middle market private equity community and his expertise in leveraged finance will be pivotal as we continue to expand our offerings and deliver tailored financing solutions to sponsors. We are confident that Pat will contribute greatly to our ongoing success.”

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