clearlake capital partners

You also have the option to opt-out of these cookies. For more information, visit our Privacy Policy. Clearlake Capital Group,in a bid to hold certain assets longer than allowed under traditional private equity fund limits, has created a series of vehicles for longer holds over individual assets out of older funds. Get the full list Necessary cookies are absolutely essential for the website to function properly. With the closing of Fund VII, Clearlake has more than $72 billion of assets under management and will continue to leverage its current investment strategy with Fund VII of flexible and creative deployment of capital into the technology, industrial and consumer sectors. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. "BETA+ has established a strong position in the self-clearing technology space and broader wealth management ecosystem with a reputation for meeting the unique needs of global financial institutions and their clients," said Behdad Eghbali, Co-Founder and Managing Partner, and James Pade, Partner of Clearlake. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Trump has since deleted the posts after the judge said they were inappropriate during the trial. Fund performance can vary significantly over time, and there is no assurance that reported unrealized values can or will be realized; such values may have been derived or estimated from unobservable inputs, assumptions, and multiple traditional and non-traditional valuation approaches; such assumptions, believed to be reasonable by Clearlake, may nonetheless be inaccurate and/or subject to material differences based on judgment and other subjective measures; and future actual realized returns may differ materially from the unrealized value estimates included in fund performance calculations. Oversubscribed COP III Fund Invests Using an All-Weather Strategy by Providing Flexible Equity and Credit Solutions. Concert Golf Partners Closes New Strategic Investment from Clearlake The firm is headquartered in Santa Monica, CA. Clearlake Capital Partners Native Currency USD Fund Manager's Location 233 Wilshire Boulevard Suite 800 Santa Monica, CA 90401 United States +1 (310) 000-0000 Fund Domiciles United States: Delaware Cayman Islands Clearlake Capital Partners II Investments (13) You're viewing 5 of 13 investments. "We look forward to partnering with Motive Partners, the BETA+ team, and LSEG as the company continues to provide best-in-class solutions to its blue-chip customer base.". More information is available atwww.clearlake.comand on Twitter@Clearlake. Bachelor of Engineering, Princeton University; Master of Business Administration, Stanford University. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. These cookies will be stored in your browser only with your consent. investment firm founded in 2006. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Youre viewing 5 of 9 investments. We believe this flexible mandate, combined with our O.P.S. value creation framework, has positioned us to deliver consistent strong outcomes for our portfolio companies and investors.. Trumps lawyers request is based on claims that the judge in the case has been biased against the former president in his judgments thus far. [10] After the company underwent significant restructuring including cost-cutting, Clearlake sold the company to Invus Group for more than $140 million in 2016. Clearlake Capital and Motive Partners Agree to Acquire BETA+ from COP III was oversubscribed (including commitments from the General Partner and affiliates) and exceeded its $1.5 billion target with support from existing and new limited partners. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Clearlake Capital and Motive Partners to acquire BETA, Maxit, and Digital Investor from LSEG, adding new capabilities to their wealth ecosystem, and forms a strategic partnership between BETA+ . Clearlake Capital Closes Clearlake Opportunities Partners III with More (function(){var cid=document.createElement("script");cid.async=true;cid.src="//seal.digicert.com/seals/cascade/seal.min.js";var s = document.getElementsByTagName("script");var ls = s[(s.length - 1)];ls.parentNode.insertBefore(cid, ls.nextSibling);}()); We use cookies to enhance your user experience. [3] Many investors chose to roll their holdings instead. When typing in this field, a list of search results will appear and be automatically updated as you type. SANTA MONICA, Calif., May 18, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P. ("Clearlake"), an investment firm that focuses on technology, industrials, and consumer industries, announced today it has completed fundraising for its seventh flagship private equity fund, Clearlake Capital Partners VII ("Fund VII"), with more than $14.1 billion in commitments. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Clearlake, Quest and Francisco Partners did not immediately respond to Reuters' requests for comment. We remain focused on investing in companies at attractive price points that can benefit from our buy-and-build and organic growth strategies that best position our companies and our investors for long-term success.". SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P. ("Clearlake") and Motive Partners ("Motive" and collectively, the "Sponsors"), today announced that they have entered into a definitive agreement to acquire the BETA+ assets from London Stock Exchange Group ("LSEG"), which encompasses the assets of BETA (securities processing, custody, clearing, and asset servicing technology), Maxit (cost and tax basis reporting software), and Digital Investor (front-end client solutions), collectively referred to as "BETA+". var __dcid = __dcid || []; PDF Clearlake Capital Group - data.treasury.ri.gov About ClearlakeClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. This is a profile preview from the PitchBook Platform. Investor. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Jose Mourinho has been a perfect fit for Roma, instilling them with a confidence and a mentality that had been lacking. Clearlake Financial | Capital Financing since 1986! Notable realizations over the past two years include ConvergeOne, Lytx, Perforce, and Sage Automotive. All rights reserved. Clearlake Capital Closes Clearlake Opportunities Partners III with More Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. [19][20], On May 30, 2022, a consortium of investors co-led by Clearlake and Todd Boehly acquired Chelsea F.C. Clearlake and Motive Partners assume no obligation to update any forward-looking statements, which speak only as of the date of this news release. "We're also thankful to the larger Clearlake team of investment professionals, portfolio company management teams, and employees who have worked diligently to find creative solutions in a time of so much disruption. We would like to thank our diverse group of investors for their confidence in our team and their continued support. [3] In 2021, Charlesbank Capital Partners invested in Ivanti at a valuation of $4 billion. Performance watch: Clearlake's PE funds - Private Equity International Clearlake's investment professionals include two Managing Partners, three additional Partners, six Managing Directors, two Vice Presidents, nine Associates, and two analysts. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. All rights reserved. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. As such, there can be no assurance the investment will achieve its investment objectives or avoid losses, and past performance is not necessarily indicative of future results. This is a profile preview from the PitchBook Platform. With an initial target of $10 billion, Fund VII reached its hard cap and was significantly oversubscribed including commitments from the General Partner and affiliates. "A multi-pronged, agile investment approach has been a tenet of the Firm since our founding 16 years ago, and COP III is the perfect complement to our recently closed flagship Fund VII. We believe that our flexible investment strategy incorporating buyouts, corporate carveouts, and special situations is positioned to take advantage of the evolving and potentially unstable market conditions that we are likely to encounter in the investment period of Fund VII. The fund is located in Santa Monica California and invests in North America. [2] [3] [4] [5] The firm is headquartered in Santa Monica with affiliates in Dallas, London and Dublin. You also have the option to opt-out of these cookies. Clearlake and Motive continue to execute on a similar thesis with their existing portfolio company, InvestCloud. Youre viewing 5 of 8 investments. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S. The firm's core target sectors are technology, industrials, and consumer. Clearlake's team consists of 59 professionals, including 24 investment professionals. [3][13] WhiteStar Asset Management serves as the credit platform of Clearlake. Clearlake and Motive's thesis in wealth management technology focuses on providing the Wealth Management industry with frictionless digital experiences, catalyzing the democratization of wealth solutions, and delivering hyper-personalized solutions to end clients. Clearlake Capital Wraps Up Latest Fund With $14.1 Billion The firm has quadrupled its assets under management to about $72 billion since its predecessor flagship fund closed in 2020 Jos E.. We also use third-party cookies that help us analyze and understand how you use this website. Writer E. Jean Carroll opened her testimony on Wednesday saying, Im here because Donald Trump raped me, and detailed the alleged events that occurred between her and the former president in a department store in the 1990s. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. We're looking forward to partnering with Clearlake once again to continue our transformation of the wealth management sector at a critical time for the industry," said Stephen C. Daffron, Co-Founder and Industry Partner of Motive Partners. Clearlake Capital Partners, which came back to market in the summer of 2020 with its seventh flagship fund, has set the hard-cap of its latest vehicle at $13.75 billion. See here for a complete list of exchanges and delays. COP III will continue Clearlake's flexible investment strategy of investing in non-control special situations investments, utilizing the Firm's sector-focused approach targeting investments in technology, industrial, and consumer businesses. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's . Feliciano. The industry leader for online information for tax, accounting and finance professionals. The Sponsors were advised by Wells Fargo as exclusive financial advisor, Sidley Austin LLP as legal counsel, Deloitte as accounting, tax, carveout and human resources counsel, BCG as commercial advisor, and Motive Create for technical due diligence. By Marvin Larin PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Clearlake Capital Group LP said it struck a deal to buy Quest Software Inc. from Francisco Partners in the latest sign of private-equity firms' voracious appetite for software. [2][3][4][5] The firm is headquartered in Santa Monica with affiliates in Dallas, London and Dublin. Strategy. These cookies do not store any personal information. Credit Suisse Private Fund Groupacted as the primary placement agent for Fund VII, and Kirkland & Ellis LLP served as legal adviser for the Fund. [3][13], In recent years Clearlake has become the biggest user of GP-led secondaries. Clearlake Capital Partners VII Profile: Investments & Returns | PitchBook The firm is headquartered in Santa Monica, CA. "The support from both existing and new limited partners is especially humbling given the backdrop of the last two years, and we're grateful for their ongoing support," said Behdad Eghbali, Co-Founder and Managing Partner at Clearlake. Limited partners in Fund VII represent a diverse group of public and corporate pension funds, sovereign wealth funds, insurance companies, foundations and endowments, and family offices. Principal Place of Business and Contact Information 3. Fund VII is double in size to the Firm's predecessor flagship fund, Clearlake Capital Partners VI, which is fully deployed and closed at $7.1 billion in commitments in early 2020. To explore Clearlake Capital Partners VIs full profile, request access. Comments are Off, Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. This all-weather approach allows us to act nimbly during evolving market conditions, including taking advantage of periodic dislocations in the debt capital markets," said Jos E. Feliciano,Co-Founder and Managing Partner at Clearlake. Credit Suisse Private Fund Group acted as the primary placement agent for Fund VII, and Kirkland & Ellis LLP served as legal adviser for the Fund. Symplr Closes New Strategic Investment From Clearlake to Continue All Rights Reserved. Long-term strategic partnership with management to transform and grow companies. var __dcid = __dcid || []; Language links are at the top of the page across from the title. The fund targets information technology, industrial, consumer products and services sectors. For more information, visit our Privacy Policy. [17] In 2016 Clearlake, took a controlling stake in Vision Solutions. Clearlake Capital The new Rift fat tire ebike from Ride1Up is the epitome of adventure that proudly exhibits a robust design for both Step-Through and Step-Over frame options. for $3 billion. o~ The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. All rights reserved. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin. "Clearlake's robust and growing team is well skilled to source and execute complex transactions, and we are eager to put our capital to work where it makes sense including funding mergers and acquisitions, enabling realization events for owners and shareholders, and bridging liquidity needs.". The WSJ report added that Clearlake was paying 10.9 times Quest's earnings before interest, taxes, depreciation and amortization for the last 12 months. With $10 Billion in Hand, Clearlake Approaches $13.8 Billion Cap - WSJ Clearlake Capital Partners Native Currency USD Fund Manager's Location 233 Wilshire Boulevard Suite 800 Santa Monica, CA 90401 United States +1 (310) 000-0000 Fund Domiciles United States: Delaware Cayman Islands Want detailed data on 3M+ companies? Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. "With COP III, Clearlake has the ability to partner with attractive businesses looking for bespoke capital solutions, while providing our investors with a combination of capital preservation and attractive contractual yields, plus potential equity or equity-like upside.