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. Investor Contact:Patrick GilliganClearlake Capital Group, L.P.310-400-8844pgilligan@clearlake.com, Media Contact:Jennifer HursonLambert845-507-0571jhurson@lambert.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/clearlake-capital-closes-clearlake-opportunities-partners-iii-with-more-than-2-5-billion-in-commitments-301628078.html, Plus500. Clearlake and Motive continue to execute on a similar thesis with their existing portfolio company, InvestCloud. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. These cookies will be stored in your browser only with your consent. This category only includes cookies that ensures basic functionalities and security features of the website. 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. Several innovations have changed the e-commerce experience for both consumers and brands. Clearlake Capital Partners II Profile: Investments & Returns | PitchBook [3] In 2021, Charlesbank Capital Partners invested in Ivanti at a valuation of $4 billion. [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. 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. CC4b!ihbF fhHf} eB7>_KBv!uU? "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. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. Get the full list, To view Clearlake Capital Partners VIIs complete team members history, request access, Youre viewing 5 of 78 funds. 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. 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 currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Clearlake Capital Wraps Up Latest Fund With $14.1 Billion 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. 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. It's early, but the club's big offseason free agent acquisition is performing far below his accustomed standard. For more information, visit our Privacy Policy. "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. Fund VII is double in size to the Firms predecessor flagship fund, Clearlake Capital Partners VI, which is fully deployed and closed at $7.1 billion in commitments in early 2020. 2018 Cohesive Capital. Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. Oversubscribed COP III Fund Invests Using an All-Weather Strategy by Providing Flexible Equity and Credit Solutions. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. About ClearlakeClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. 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. People. 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. from 8 AM - 9 PM ET. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); This website uses cookies to improve your experience while you navigate through the website. Clearlake Capital says it oversees more than $70 billion in assets under management; it has scored some of the industry's best returns. 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. We would like to thank our diverse group of investors for their confidence in our team and their continued support. 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. Were 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. Clearlake Capital Partners VII is a 2021 vintage buyout fund managed by Clearlake Capital Group. Clearlake is a leading private investment firm founded in 2006. (PRNewsfoto/Centroid Investment Partners,Clearlake Capital Group) Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. x[O@I,c9$A fJv/6{Qf)(~S!(prr|u!==nVJR2A 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. But are they safe, or are they putting riders and others at risk? 2023 PitchBook. You also have the option to opt-out of these cookies. [1] [3] [4] [5] What you see here scratches the surface Request a free trial Want to dig into this profile? 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. "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. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/clearlake-capital-closes-clearlake-opportunities-partners-iii-with-more-than-2-5-billion-in-commitments-301628078.html, Registration on or use of this site constitutes acceptance of our. for $3 billion. Comments are Off, Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. Let's explore them and the best practices brands should use to take advantage of them. Sec Form D Related by financial asset: Clearlake Capital, Related by origin of wealth: Private equity. Clearlake Capital Partners VII Profile: Investments & Returns | PitchBook Clearlakes operational improvement approach is O.P.S. Operations. Clearlake Capital to Acquire Global Cybersecurity, Data Bachelor of Engineering, Princeton University; Master of Business Administration, Stanford University. Notable realizations over the past two years include ConvergeOne, Lytx, Perforce, and Sage Automotive. [2][3][4][5] The firm is headquartered in Santa Monica with affiliates in Dallas, London and Dublin. investment firm founded in 2006. 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. Jean Carroll Testifies: Donald Trump Raped Me, Jose Mourinho Has Been A Perfect Fit For Roma, But That Doesnt Mean Hell Stay, Ride1Up Goes Big With New Cargo-Capable Rift Fat Tire E-bike, Content Marketing Tactics To Skyrocket Your E-Commerce Business In 2023, E-Commerce Leaders: Strategies For Success When Leveraging Chatbots, The Top 10 Richest Women In The World 2023, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. "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. Insight Partners and Partners Group to Make a Strategic - Precisely Get the full list Want detailed data on 3M+ companies? 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 VI Investments (9) You're viewing 5 of 9 investments. ", "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. 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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Feliciano. 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. 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. Necessary cookies are absolutely essential for the website to function properly. 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. PDF Clearlake Capital Group - data.treasury.ri.gov 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. PDF Clearlake Capital Partners VI, L.P. - Pennsylvania Public School where in May 2022, it acquired 60% of the clubs outstanding shares. The firm is headquartered in Santa Monica, CA. In 2021, Clearlake and TA Associates reacquired Precisely for $3.5 billion. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. from 8 AM - 9 PM ET. [2][3][4][5] The strategy was to shift between buyouts and distressed securities depending on economic conditions. 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]. Feliciano worked in investment banking at Goldman Sachs and was the chief financial officer of govWorks before it declared bankruptcy in 2000. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); 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. 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. 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.". Clearlake Capital to Buy Quest Software From Francisco Partners Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. [3][13] WhiteStar Asset Management serves as the credit platform of Clearlake. 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.. Your brand's success hinges on how effectively you can wow potential customers online. Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies. The fund targets information technology, industrial, consumer products and services sectors. $2.5 billion, according to our most recent tally. "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. This information is available in the PitchBook Platform. 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 Clearlake's Better For You platform. Clearlake and Motive Partners assume no obligation to update any forward-looking statements, which speak only as of the date of this news release. Long-term strategic partnership with management to transform and grow companies. Clearlake Capital Closes Clearlake Opportunities Partners III with More When typing in this field, a list of search results will appear and be automatically updated as you type. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. You also have the option to opt-out of these cookies. Re: Clearlake Capital Partners VII , L.P. Dear Trustees: Clearlake Capital Group , L .P. 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. COP III led the Chelsea Football Club investment on behalf of Clearlake's affiliated funds and other partners. 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. This is a profile preview from the PitchBook Platform. Concert Golf Partners Closes New Strategic Investment from Clearlake 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. More than $25 billion in capital has been raised by Clearlake since January 2021, which includes nearly $7 billion raised in four continuation funds. 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. Clearlake Financial | Capital Financing since 1986! Win whats next. Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 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 . With $10 Billion in Hand, Clearlake Approaches $13.8 Billion Cap - WSJ 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. It is mandatory to procure user consent prior to running these cookies on your website. [3], In 2014, Clearlake acquired the women's clothing company Ashley Stewart for $18 million after it had recently filed for bankruptcy. 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. Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. "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. 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. o~ [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. [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. Significant experience across Clearlakes ("Clearlake," "Genera l Partner") was founded in 2006 as a sector -focused investment firm specializngi in private equity, specai l situations and opportunistic credit . Credit Suisse acted as advisor and placement agent for COP III, and Paul Weiss served as legal advisor for the Fund. 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..
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