Sun, Jun 26, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Clearlake Capital wraps up its seventh flagship fund with $14.1bn

Thursday, May 19, 2022

Laxman Pai, Opalesque Asia:

Clearlake Capital Group, an investment firm that focuses on technology, industrials, and consumer industries, closed its seventh flagship private equity fund, Clearlake Capital Partners VII, at its hard cap of more than $14.1 billion, outpacing a $10 billion target.

Clearlake's latest fund is about twice as large as its predecessor, Clearlake Capital Partners VI, which closed in 2020 with more than $7 billion, said a press release from the investment firm focused on private equity and special situation transactions.

Clearlake conducted the latest fundraising largely virtually in roughly five to seven months, and the firm added over 50 new investors, although more than 95% of investors in the prior fund also committed capital, according to José E. Feliciano, co-founder and managing partner.

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. 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, the Middle East, Europe, and North and South America.

Investors in Clearlake Capital Partners VII include Texas Teacher Retirement System, Austin; State of Wisconsin Investment......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  2. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  3. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm

  4. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year

  5. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve