clearlake capital partners

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 . 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. Get the full list, Youre viewing 5 of 57 limited partners. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. Yet that doesn't mean he'll stay beyond the summer. Booker T talks the WWE Draft, hosting WWE's Most Wanted Treasures and AEW All In. Win whats next. [2] [3] [4] [5] The firm is headquartered in Santa Monica with affiliates in Dallas, London and Dublin. 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. 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. [17] In 2017, Clearlake sold both companies to Centerbridge Partners for $1.26 billion and were merged. 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. Cision Distribution 888-776-0942 var __dcid = __dcid || []; 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]. See here for a complete list of exchanges and delays. [1][3][4][5], The firm is the owner of Chelsea F.C. Let's explore them and the best practices brands should use to take advantage of them. 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+ . These cookies do not store any personal information. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The private equity firm is based in Santa Monica, California. May 18, 2022 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's team consists of 59 professionals, including 24 investment professionals. 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 also use third-party cookies that help us analyze and understand how you use this website. Get the full list 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. For more information, visit our Privacy Policy. Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. More information on Motive Partners can be found at www.motivepartners.com. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. 2018 Cohesive Capital. You also have the option to opt-out of these cookies. More information is available atwww.clearlake.comand on Twitter@Clearlake. For more information, visit our Privacy Policy. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Limited partners in COP III include institutional investors from Asia, Europe, and North America, and represent a diverse group of public and corporate pension funds, sovereign wealth funds, insurance companies, foundations and endowments, and family offices. The Sponsors are also focused on the long-term strategic partnership between BETA+, the Sponsors' other portfolio companies and LSEG, to offer new products and greater operational efficiencies to clients across these various platforms. "We are very proud of the results generated by our funds in the context of a volatile macroeconomic backdrop in the past few years while experiencing significant growth and maintaining our focus on the fundamentals of our investment approach. x[O@I,c9$A fJv/6{Qf)(~S!(prr|u!==nVJR2A We would like to thank our diverse group of investors for their confidence in our team and their continued support. The fund is located in Santa Monica California and invests in North America. Differentiated approach to investing (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. All rights reserved. /axoT)2Aeq97qZ/bHr/@83R-}Z_$#&%C%BcqMs8e:&jg44i58FbApnXgOtD"bR9GPfCO/$Hn\/v_IJI0?I>(8M;Siw8~GnWGl4-mY&, . All rights reserved. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. This information is available in the PitchBook Platform. 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. This is a profile preview from the PitchBook Platform. The firm is headquartered in Santa Monica, CA. [3], In 2015, Chang left the firm leaving Eghbali and Feliciano as the remaining managing partners. investment firm founded in 2006. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. [10], In 2015, Clearlake took a controlling stake in Syncsort. COP III has already led investments in AMCS, a global supplier of integrated cloud-based software and vehicle technology for the environmental, utilities, waste, recycling, and resource industries, and Chelsea Football Club, a professional football club that competes in the Premier League, the top division of English football. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Significant experience across Clearlakes 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. 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. 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.". To explore Clearlake Capital Partners VIIs full profile, request access. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. Clearlake Capital. Confluence, backed by Clearlake Capital and TA Associates, welcomes longtime asset management executive Joan Binstock to board of directors. In 2021, Clearlake and TA Associates reacquired Precisely for $3.5 billion. See here for a complete list of exchanges and delays. People. Takeover target Liontown Resources Ltd said on Tuesday that it had not received any new offers amid speculation of a rival bid after the Australian lithium developer rejected a $3.7 billion offer from Albemarle Corp in March. 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. All rights reserved. Comments are Off, Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. Donald Trump Seeks Mistrial In E. 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The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. [17][18], In October 2021, the firm acquired Cornerstone OnDemand a NASDAQ listed software company for $5.2 billion and took the company private. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. SANTA MONICA, Calif., Sept. 20, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P. ("Clearlake" or the "Firm"), an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies, announced today it has completed fundraising for Clearlake Opportunities Partners III ("COP III" or the "Fund") with more than $2.5 billion in commitments. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. 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.. Over recent years, the space has exhibited growth across various avenues, compounded by investment from new and established players. [1] [3] [4] [5] The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. The private equity firm is based in Santa Monica, California. It's early, but the club's big offseason free agent acquisition is performing far below his accustomed standard. Investor Contact:Patrick GilliganClearlake Capital Group, L.P.310-400-8844[emailprotected], Media Contact:Jennifer HursonLambert845-507-0571[emailprotected]. Related by financial asset: Clearlake Capital, Related by origin of wealth: Private equity. The growth of mobile commerce has been remarkable in recent years, and it shows no signs of slowing down. 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. You also have the option to opt-out of these cookies. 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. 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.

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