Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Strategy. Get the full list, To view Clearlake Capital Partners VIs complete team members history, request access, Youre viewing 5 of 78 funds. See here for a complete list of exchanges and delays. 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. Win whats next. As of December 31, 2021, Fund VIIs two predecessor funds generated the following results Clearlake Capital Partners V generated a gross IRR of 65.1% (57.7% net), with a gross multiple of 3.9x (3.2x net), and Clearlake Capital Partners VI generated a gross IRR of 86.9% (78.8% net), with a gross multiple of 1.8x (1.6x net)[i]. Our Standards: The Thomson Reuters Trust Principles. But are they safe, or are they putting riders and others at risk? 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. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Principal Place of Business and Contact Information 3. "We are very proud of the results generated by our funds in the context of a volatile macroeconomic backdrop in the past few years while experiencing significant growth and maintaining our focus on the fundamentals of our investment approach. Clearlake, Quest and Francisco Partners did not immediately respond to Reuters' requests for comment. Several innovations have changed the e-commerce experience for both consumers and brands. Top Australian grocer Woolworths Group Ltd posted a bigger than expected rise in third-quarter sales as shoppers bought more of its cheaper house-brand products to cut costs amid spiralling living expenses. 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. It is mandatory to procure user consent prior to running these cookies on your website. Re: Clearlake Capital Partners VII , L.P. Dear Trustees: Clearlake Capital Group , L .P. 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. Forward Looking StatementsThis news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected timing and benefits of the transaction. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Necessary cookies are absolutely essential for the website to function properly. "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. These cookies do not store any personal information. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. To explore Clearlake Capital Partners VIs full profile, request access. But opting out of some of these cookies may affect your browsing experience. This information is available in the PitchBook Platform. endstream endobj 700 0 obj <>stream More information is available atwww.clearlake.comand on Twitter@Clearlake. (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. ("Clearlake," "Genera l Partner") was founded in 2006 as a sector -focused investment firm specializngi in private equity, specai l situations and opportunistic credit . ", "The Fund has the flexibility to invest across the capital structure in both equity, preferred equity and debt securities, allowing us to focus on opportunities where creativity and active sponsorship are rewarded," said Behdad Eghbali,Co-Founder and Managing Partner atClearlake. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. 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 deal is formally expected to be announced as soon as Monday, the report added. 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 Clearlakes operational improvement approach,O.P.S.The firms core target sectors are technology, industrials, and consumer. Limited partners in COP III include institutional investors from Asia, Europe, and North America, and represent a diverse group of public and corporate pension funds, sovereign wealth funds, insurance companies, foundations and endowments, and family offices. Clearlake Capital Partners VII is a 2021 vintage buyout fund managed by Clearlake Capital Group. Clearlake Capital. Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies. About Motive PartnersMotive Partners is a specialist private equity firm with offices in New York City and London, focusing on control-oriented growth equity and buyout investments in software and information services companies based in North America and Europe and serving five primary subsectors: Banking & Payments, Capital Markets, Data & Analytics, Investment Management and Insurance. 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. Feliciano and his wife have committed $50 million in grants and impact investments to support entrepreneurs from underrepresented groups. This website uses cookies to improve your experience while you navigate through the website. Necessary cookies are absolutely essential for the website to function properly. We also use third-party cookies that help us analyze and understand how you use this website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Let's explore them and the best practices brands should use to take advantage of them. /axoT)2Aeq97qZ/bHr/@83R-}Z_$#&%C%BcqMs8e:&jg44i58FbApnXgOtD"bR9GPfCO/$Hn\/v_IJI0?I>(8M;Siw8~GnWGl4-mY&, . [3] It is a technique where Clearlake will find another private equity firm to buy a large portion of one of its existing investments and then offer investors a chance to sell at a new valuation or roll their stake into a new fund that will hold the investment for a few more years. The support from both existing and new limited partners is especially humbling given the backdrop of the last two years, and were grateful for their ongoing support, said Behdad Eghbali,Co-Founder and Managing Partner at Clearlake. In this article, I will outline some strategies for leaders to take into consideration for optimal success when seeking to implement this popular and evolving AI technology in their own operations. [3][5][6][7] Clearlake, which owns about 60% of Chelsea, would share joint control and equal governance of the club with Boehly.[5]. Fund VIIs announced platform investments include Cornerstone OnDemand, Concert Golf, Discovery Education, Intertape Polymer Group, Kofax, Mold-Rite Packaging, Quest Software and Springs Window Fashions. Related Persons Relationship: X Executive Officer Director X Promoter Clarification of Response (if Necessary): Relationship: X Executive Officer Director X Promoter Clarification of Response (if Necessary): 4. We also use third-party cookies that help us analyze and understand how you use this website. Forward-looking statements are subject to assumptions, risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. Bachelor of Engineering, Princeton University; Master of Business Administration, Stanford University. 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. In many towns and cities around the world, electric scooters have proliferated. Investor. This information is available in the PitchBook Platform. 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. American private equity firm based in Santa Monica, "Clearlake Capital hits fundraising trail minus a founder | Buyouts", "Clearlake, the US buyout group behind the Chelsea bid", "Clearlake Capital Wraps Up Latest Fund With $14.1 Billion", "Clearlake Follows Its Chelsea Deal With A $14.1 Billion Buyout Fund", "Wall Street Brings Its Financial Engineering to English Football", "Consortium led by Todd Boehly and Clearlake Capital completes acquisition of Chelsea Football Club", "PEI 300 2022: KKR beats the crowd to claim PEs throne", "The Fall and Rise of a Plus-Size Empire", "Clearlake Capital sells 20% stake to 3 alternatives fund managers", "Clearlake Attracts Minority Investment From Dyal, Goldman, Landmark", "Clearlake Capital purchases majority stake in WhiteStar Asset Management", "Clearlake Capital closes Clearlake Opportunities Partners III with more than $2.5 billion in commitments", "Clearlake Capital closes seventh flagship private equity fund with more than $14.1 billion in commitments", "Clearlake Re-Acquires Precisely In $3.5 Billion Deal", "Two private equity firms take control of U.S. software company Precisely in $3.5 billion deal: source", "Clearlake Capital to take Cornerstone OnDemand private for $3.8 billion", "In $5.2B deal, Cornerstone OnDemand goes private | TechTarget", Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Clearlake_Capital&oldid=1152384386, Financial services companies of the United States, Financial services companies established in 2006, Companies based in Santa Monica, California, Private equity firms of the United States, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 29 April 2023, at 22:49. Clearlakes operational improvement approach is O.P.S. Operations. 2018 Cohesive Capital. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. "BETA+, together with our other portfolio companies, will be focused on creating frictionless, digital-first experiences for clients, advisors, and home office personnel with streamlined processes, reduced costs, and increased retention and satisfaction, ultimately making it easier for Wealth clients to obtain solutions which address their financial needs. All rights reserved. The fund targets information technology, industrials,TMT, consumer products and services sectors ranging from USD 300 million to USD 1500 million in 20 to 25 companies. 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. Total capital raised by Clearlake since January 2021 exceeds $27 billion, which includes COP III, Fund VII, the Firm's continuation and co-investment funds, and capital raised by WhiteStar Asset Management, LLC, the CLO, structured products and broadly syndicated credit arm of Clearlake. 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. [1][3][4][5], The firm is the owner of Chelsea F.C. 2018 Cohesive Capital. In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. [10], In 2015, Clearlake took a controlling stake in Syncsort. Get the full list Want detailed data on 3M+ companies? JENNIFER HURSONClearlake Media Contact - Lambert+1-845-507-0571[emailprotected], SAM TIDSWELL-NORRISHManaging Director, Motive Partners+447855910178[emailprotected], SOURCE Clearlake Capital Group; Motive Partners, Cision Distribution 888-776-0942 Investor Contact:Patrick GilliganClearlake Capital Group, L.P.310-400-8844[emailprotected], Media Contact:Jennifer HursonLambert845-507-0571[emailprotected]. Clearlake is a leading private investment firm founded in 2006. All rights reserved. COP III led the Chelsea Football Club investment on behalf of Clearlake's affiliated funds and other partners. var __dcid = __dcid || []; Additionally, Clearlake and MotivePartners have simultaneously formed a long-term strategic partnership with LSEG, in which LSEG will provide content, data, and tools to BETA+ and the Sponsors' other portfolio companies. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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.. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. [3], In 2014, Clearlake acquired the women's clothing company Ashley Stewart for $18 million after it had recently filed for bankruptcy. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. [3], In 2015, Chang left the firm leaving Eghbali and Feliciano as the remaining managing partners. May 18, 2022 The deal is expected to close in the second half of 2022, subject to regulatory approvals and other customary closing conditions. 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. The investment from 8 AM - 9 PM ET. Long-term strategic partnership with management to transform and grow companies. Quest was part of Dell's software division, which the company divested in 2016 to focus on its technology portfolio and bolster its balance sheet after it agreed in October to buy data storage company EMC for $67 billion. Realizations across the Clearlake platform in 2021 include American Construction Source, Appriss, DigiCert, Ivanti, NetDocuments, Janus International, Precisely, Provation, symplr, Wheel Pros and investments under Clearlakes Better For You platform. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. 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+, the Sponsors' portfolio companies and LSEG. You also have the option to opt-out of these cookies. "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. Exclusive news, data and analytics for financial market professionals, Reporting by Baranjot Kaur and Shubham Kalia in Bengaluru; Editing by Rashmi Aich, Australian miner Liontown confirms no new bids; resumes trading, Regulators seize First Republic Bank, sell assets to JPMorgan, Vice Media preparing to file for bankruptcy - NYT, JPMorgan deal forces Biden administration to defend record on mergers, Coffee at home: Australia Woolworths' sales jump as shoppers cut costs, Djokovic able to play at US Open as vaccine mandate set to end, Stocks on edge as traders wait on central bankers, Kudermetova to remove Russian sponsor logo to play at Wimbledon, Indian shares set for muted open ahead of Fed rate decision. Clearlake Overview Sector focused investment firm, founded in 2006, that targets investments in special situations, private equity, and opportunistic credit ~ $9.0B of regulatory assets under management Across six funds plus co-invest vehicles 55+ employees Experienced team of investment and operating professionals [3][13] WhiteStar Asset Management serves as the credit platform of Clearlake. Youre viewing 5 of 9 investments. [3] This allowed the firm to take advantage of the 20072008 financial crisis to acquire distressed securities and then sell them for a profit after recovery. SANTA MONICA, CA May 18, 2022 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. Over recent years, the space has exhibited growth across various avenues, compounded by investment from new and established players. Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. In May 2022, Clearlake Capital joined billionaire investor Todd Boehly to buy English soccer team Chelsea FC; the firm is known for buying software, industrial and consumer products companies. 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. For more information, visit our Privacy Policy. [17] In 2017, Clearlake sold both companies to Centerbridge Partners for $1.26 billion and were merged. The Sponsors are also focused on the long-term strategic partnership between BETA+, the Sponsors' other portfolio companies and LSEG, to offer new products and greater operational efficiencies to clients across these various platforms. See here for a complete list of exchanges and delays. READ MORE ABOUT OUR HISTORY INDUSTRY FOCUS Significant experience across Clearlake's core sectors - Software & Technology, Energy & Industrials, Food & Consumer Services Explore our sectors NEWS First Quarter 2023 Investment Activity View all news 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.". But opting out of some of these cookies may affect your browsing experience. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. You also have the option to opt-out of these cookies. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); More information is available at www.clearlake.comand on Twitter @Clearlake. 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. Trump has since deleted the posts after the judge said they were inappropriate during the trial. We are very proud of the results generated by our funds in the context of a volatile macroeconomic backdrop in the past few years while experiencing significant growth and maintaining our focus on the fundamentals of our investment approach. Win whats next. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. More information is available at www.clearlake.com and on Twitter @Clearlake. 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.. Feliciano. By continuing to browse, you hereby agree to the use of cookies. As of December 31, 2021, Fund VII's two predecessor funds generated the following results - Clearlake Capital Partners V generated a gross IRR of 65.1% (57.7% net), with a gross multiple of 3.9x . Get the full list, Youre viewing 5 of 55 limited partners. 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. With 300 institutional investors representing six continents and over 40 countries, Fund VII received strong support from existing longtime investors as well as prominent new investors, with approximately half of these new investors based in the U.S. and the remainder representing Asia, Middle East, Europe, and North and South America. The industry leader for online information for tax, accounting and finance professionals. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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? This website uses cookies to improve your experience while you navigate through the website. 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. Industry Group Health Care Biotechnology Health Insurance Hospitals & Physicians Differentiated approach to investing var __dcid = __dcid || []; The fund is located in Santa Monica California and invests in Asia, Middle East, Europe, United States, North America and South America. Clearlake Financial Corp. is a national firm providing capital financing to businesses, professionals, and commercial industries since 1986. top of page Experience, Knowledge & Ingenuity | Call Us: 305-213-2586 Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. This category only includes cookies that ensures basic functionalities and security features of the website. Nov 28 (Reuters) - Private equity firm Clearlake Capital has struck a deal to buy Quest Software Inc from Francisco Partners, valuing it at $5.4 billion including debt, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Clearlake and Motive Partners assume no obligation to update any forward-looking statements, which speak only as of the date of this news release. This will include building critical platform infrastructure on the back-end of the Wealth workflow, with a plan to utilize proprietary expertise and know-how to augment the core BETA+ platform technology, enhance functionality for the existing blue-chip client set, enter new and high-growth markets, and cultivate partnerships within the combined Wealth ecosystems of the Sponsors. Clearlake currently has over $60 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. 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 . Clearlake's innovation comes as GPs seek ways to achieve longer holds on businesses where they see more room for growth. 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][5][6][7], In June 2022, Clearlake Capital was ranked eighth in Private Equity International's PEI 300 ranking of the largest private equity firms in the world. With 300 institutional investors representing six continents and over 40 countries, Fund VII received strong support from existing longtime investors as well as prominent new investors, with approximately half of these new investors based in the U.S. and the remainder representing Asia, Middle East, Europe, and North and South America. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. from 8 AM - 9 PM ET. More information is available at www.clearlake.com and on Twitter @Clearlake. Donald Trump Seeks Mistrial In E. Jean Carroll Rape Trial, The Evolution Of E-Commerce And What It Means For Content Creation, Building Out A Mobile Strategy: What E-Commerce Brands Must Consider, Booker T Wants To See Grayson Waller Get Drafted, Talks A&E Hosting Role, Astros Jose Abreu Is A Contender For MLBs Least Valuable Player So Far This Season, E. 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