“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,”
Andrews
said
in
a
statement.

“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.”

Clear
Capital,
based
in
Reno,

Nevada,
is
a
provider
of
valuation
technology,
analytics
and
data
solutions
for
the
mortgage
and
real
estate
industries.
The
company
is
the
industry’s
leading
provider
of
alternative

valuations
and
technology-powered
appraisals,
offering
a
product
suite
that
supports
more
than
5
million
real
estate
and
housing
finance
transactions
each
year.

The
investment
will
support
the
continued
growth
and
integration
of
Clear
Capital’s
digital
floor
plan
offering,


CubiCasa,
which
is
used
in
approximately
30%
of
all
new
real
estate
listings
nationwide,
according
to
a
press
release
from
GTCR.

GTCR’s
role
includes
working
closely
with
Andrews
and
Clear
Capital’s
management
team
to
expand
the
company’s
valuation
and
data
offerings,
invest
in
its

technology
platform
and
infrastructure,
and
accelerate

M&A
activity.

“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,”
said
Michael
Hollander,
managing
director
at
GTCR.
“This
investment
underscores
GTCR’s
commitment
to
backing
exceptional
management
teams
and
leveraging
our
expertise
in
technology
and
financial
services
to
drive
transformational
growth.”

In
addition,
technology
executive

Scott
Happ
has
joined
Clear
Capital’s
board
of
directors
and
will
serve
as
an
active
director
and
adviser
to
the
company.
Happ
previously
partnered
with
GTCR

during
its
investment
in

Optimal
Blue,
where
he
served
as
CEO
from
2016
to
2022.

“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,”
said
David
Lalo,
director
at
GTCR.

“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.”

Wells
Fargo
and

Houlihan
Lokey
advised
GTCR,
with
legal
counsel
from

Simpson
Thacher.

American
Discovery
Capital
advised
Clear
Capital,
with

O’Melveny
&
Myers
serving
as
legal
counsel.