Claritas, Stonehenge joint venture forged

Nashville-based Claritas Capital and Baton Rouge-based Stonehenge Capital Partners are in a joint venture alliance. Although the two firms' venture -- Stonehenge Claritas Capital Fund Tennessee LLC -- did not make the cut in the current round of TNInvestco competition, the firms agreed last summer to enter into a JV pact, to pursue common investment interests, according to Managing Partner John Chadwick (at left). Stonehenge was one of the out-of-state three investment firms that joined forces to introduce what was originally "Capco" legislation to the General Assembly, setting the stage for later substitution of a stronger program: TNInvestco.