The fund is located in Santa Monica California and invests in North America. Clearlake Capital Closes Clearlake Opportunities Partners III with More Confluence, backed by Clearlake Capital and TA Associates, welcomes longtime asset management executive Joan Binstock to board of directors. Clearlake Capital and Motive Partners Agree to Acquire BETA+ from See here for a complete list of exchanges and delays. [10] After the company underwent significant restructuring including cost-cutting, Clearlake sold the company to Invus Group for more than $140 million in 2016. 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 . Sec Form D Clearlake Capital to Acquire Global Cybersecurity, Data 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. More information is available at www.clearlake.com and on Twitter @ClearlakeCap. Necessary cookies are absolutely essential for the website to function properly. 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.. Donald Trump Seeks Mistrial In E. 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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. PDF Clearlake Capital Group - data.treasury.ri.gov This information is available in the PitchBook Platform. Investor. 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. [3] It discovered this technique during the COVID-19 pandemic when it sold shares of software company Ivanti to TA Associates in August 2020 at a valuation of $2 billion that generated a large windfall gain. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. But opting out of some of these cookies may affect your browsing experience. More information is available at www.clearlake.comand on Twitter @Clearlake. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. By acquiring the BETA+ assets from LSEG and creating a standalone platform, Clearlake and Motive intend to execute on a buy and build strategy, supported by Clearlake's proprietary O.P.S. framework and Motive's value creation plan developed by Motive Create and the Industry Partner team. Get the full list, Morningstar Institutional Equity Research. It is gratifying to have the support of such a large group of global investors, which we believe is further validation of our consistent investment strategy, said Jos E. Feliciano,Co-Founder and Managing Partner at Clearlake. This is a profile preview from the PitchBook Platform. o~ 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. COP III led the Chelsea Football Club investment on behalf of Clearlake's affiliated funds and other partners. Booker T talks the WWE Draft, hosting WWE's Most Wanted Treasures and AEW All In. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The private equity firm is based in Santa Monica, California. 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]. 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. About ClearlakeClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. 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. Clearlake Capital to buy Quest Software from Francisco Partners - WSJ Jose E. Feliciano - Forbes Get the full list, To view Clearlake Capital Partners VIIs complete team members history, request access, Youre viewing 5 of 78 funds. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. These cookies do not store any personal information. All rights reserved. But opting out of some of these cookies may affect your browsing experience. Concert Golf Partners, a Portfolio Company of Clearlake Capital, Closes var __dcid = __dcid || []; We also use third-party cookies that help us analyze and understand how you use this website. It is mandatory to procure user consent prior to running these cookies on your website. Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. The firm, which had not previously indicated an upper limit for Clearlake Capital Partners VII LP, expects to close it at its $13.8 billion cap before the end of this quarter, according to . "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.
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