[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. 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. [1][3][4][5], The firm is the owner of Chelsea F.C. 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 . var __dcid = __dcid || []; It is mandatory to procure user consent prior to running these cookies on your website. Clearlake Capital Partners II Profile: Investments & Returns | PitchBook Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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. More information is available at www.clearlake.comand on Twitter @Clearlake. [3], In 2014, Clearlake acquired the women's clothing company Ashley Stewart for $18 million after it had recently filed for bankruptcy. Long-term strategic partnership with management to transform and grow companies. Clearlakes operational improvement approach is O.P.S. Operations. 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. All rights reserved. Strategy. Clearlake, Quest and Francisco Partners did not immediately respond to Reuters' requests for comment. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies. Since Clearlake and TA's majority investment in Precisely in 2021, the Company has completed five acquisitions, demonstrating its commitment to delivering the industry's most comprehensive and robust data integrity software portfolio. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. This has presented opportunities for well-placed investors and innovators to digitize legacy technology, expand product offerings to address unmet demand, and create efficiencies along the value chain. These cookies will be stored in your browser only with your consent. People. PDF Clearlake Capital Partners VII, L.P. - Pennsylvania Public School PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. More information is available at www.clearlake.com and on Twitter @Clearlake. These cookies do not store any personal information. "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. 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. More information is available at www.clearlake.com and on Twitter @ClearlakeCap. Clearlake Capital Closes Clearlake Opportunities Partners III with More In many towns and cities around the world, electric scooters have proliferated. 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. About Clearlake CapitalClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Clearlake Capital Get the full list, To view Clearlake Capital Partners VIIs complete team members history, request access, Youre viewing 5 of 78 funds. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Get the full list, To view Clearlake Capital Partners VIs complete team members history, request access, Youre viewing 5 of 78 funds. When typing in this field, a list of search results will appear and be automatically updated as you type. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. The deal is expected to close in the second half of 2022, subject to regulatory approvals and other customary closing conditions. About ClearlakeClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. 2023 PitchBook. The fund is located in Santa Monica California and invests in Asia, Middle East, Europe, United States, North America and South America. See here for a complete list of exchanges and delays. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. Clearlake Overview Sector focused investment firm, founded in 2006, that targets investments in special situations, private equity, and opportunistic credit ~ $9.0B of regulatory assets under management Across six funds plus co-invest vehicles 55+ employees Experienced team of investment and operating professionals x[O@I,c9$A fJv/6{Qf)(~S!(prr|u!==nVJR2A This website uses cookies to improve your experience while you navigate through the website. Clearlake Capital closes seventh flagship private equity fund with more The firm is headquartered in Santa Monica, CA. The firm is headquartered in Santa Monica, CA. Get the full list Clearlake's innovation comes as GPs seek ways to achieve longer holds on businesses where they see more room for growth. [1] [3] [4] [5] Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. [17] In 2017, Clearlake sold both companies to Centerbridge Partners for $1.26 billion and were merged. Youre viewing 5 of 8 investments. [2][10], In May 2018, Clearlake sold a minority stake of up to 20% of its shares to Dyal Capital, Petershill Partners and Landmark Partners. 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's investment professionals include two Managing Partners, three additional Partners, six Managing Directors, two Vice Presidents, nine Associates, and two analysts. Our Standards: The Thomson Reuters Trust Principles. The private equity firm is based in Santa Monica, California. endstream endobj 700 0 obj <>stream [2] [3] [4] [5] The firm is headquartered in Santa Monica with affiliates in Dallas, London and Dublin. Related by financial asset: Clearlake Capital, Related by origin of wealth: Private equity. 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. Language links are at the top of the page across from the title. Clearlake Capital to Buy Quest Software From Francisco Partners 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 . (PRNewsfoto/Centroid Investment Partners,Clearlake Capital Group) Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. PDF Clearlake Capital Group - data.treasury.ri.gov Clearlake Capital Partners VII Profile: Investments & Returns | PitchBook Necessary cookies are absolutely essential for the website to function properly. 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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. More information is available at www.clearlake.com and on Twitter @Clearlake. Clearlake and Motive continue to execute on a similar thesis with their existing portfolio company, InvestCloud. More information on Motive Partners can be found at www.motivepartners.com. "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. 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. 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. [3], In 2015, Chang left the firm leaving Eghbali and Feliciano as the remaining managing partners. But are they safe, or are they putting riders and others at risk? "We look forward to partnering with Motive Partners, the BETA+ team, and LSEG as the company continues to provide best-in-class solutions to its blue-chip customer base.". "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. SANTA MONICA, Calif. and NEW YORK and LONDON, March 21, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P. ("Clearlake") and Motive Partners ("Motive" and collectively, the "Sponsors"), today announced that they have entered into a definitive agreement to acquire the BETA+ assets from London Stock Exchange Group ("LSEG"), which encompasses the assets of BETA (securities processing, custody, clearing, and asset servicing technology), Maxit (cost and tax basis reporting software), and Digital Investor (front-end client solutions), collectively referred to as "BETA+". 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. Clearlake currently has over $60 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. [17][18], In October 2021, the firm acquired Cornerstone OnDemand a NASDAQ listed software company for $5.2 billion and took the company private. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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]. Industry Group Health Care Biotechnology Health Insurance Hospitals & Physicians Symplr Closes New Strategic Investment From Clearlake to Continue Clearlake Capital and Motive Partners Agree to Acquire BETA+ from More than $25 billion in capital has been raised by Clearlake since January 2021, which includes nearly $7 billion raised in four continuation funds. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin. For more information, visit our Privacy Policy. Clearlake is a leading private By continuing to browse, you hereby agree to the use of cookies. [3][13] WhiteStar Asset Management serves as the credit platform of Clearlake. Necessary cookies are absolutely essential for the website to function properly. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. It is gratifying to have the support of such a large group of global investors, which we believe is further validation of our consistent investment strategy, said Jos E. Feliciano,Co-Founder and Managing Partner at Clearlake. /axoT)2Aeq97qZ/bHr/@83R-}Z_$#&%C%BcqMs8e:&jg44i58FbApnXgOtD"bR9GPfCO/$Hn\/v_IJI0?I>(8M;Siw8~GnWGl4-mY&, . For more information, visit our Privacy Policy. Win whats next. Over recent years, the space has exhibited growth across various avenues, compounded by investment from new and established players. [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. from 8 AM - 9 PM ET. [3][13], In recent years Clearlake has become the biggest user of GP-led secondaries. 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. In May, Clearlake announced it had raised more than$14.1 billionfor its seventh flagship private equity fund, Clearlake Capital Partners VII. 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. Clearlake Capital and Motive Partners Agree to Acquire BETA+ from The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. COP III led the Chelsea Football Club investment on behalf of Clearlake's affiliated funds and other partners. These cookies do not store any personal information. 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. The fund targets information technology, industrial, consumer products and services sectors. All Rights Reserved. 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. 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. Get the full list, Morningstar Institutional Equity Research. To explore Clearlake Capital Partners VIs full profile, request access. 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 It's early, but the club's big offseason free agent acquisition is performing far below his accustomed standard. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. 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. iFund 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. 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. 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+ . 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.. Clearlake Capital Partners VI is a 2020 vintage buyout fund managed by Clearlake Capital Group. Insight Partners and Partners Group to Make a Strategic - Precisely var __dcid = __dcid || []; Get the full list, Youre viewing 5 of 57 limited partners. ("Clearlake," "Genera l Partner") was founded in 2006 as a sector -focused investment firm specializngi in private equity, specai l situations and opportunistic credit . Cision Distribution 888-776-0942 Clearlake Capital Closes Clearlake Opportunities Partners III with More 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. 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 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. What you see here scratches the surface Request a free trial Want to dig into this profile? 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. Reflects change since 5 pm ET of prior trading day. 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. Donald Trump Seeks Mistrial In E. 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Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The private equity firm is based in Santa Monica, California. The investment investment firm founded in 2006. Let's explore them and the best practices brands should use to take advantage of them. This is a profile preview from the PitchBook Platform. 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 wealth management industry continues to demonstrate opportunities, bolstered by tailwinds across the spectrum including a significant movement in technology modernization, industry consolidation, increases in retail trading, and democratization of the capital markets. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. This category only includes cookies that ensures basic functionalities and security features of the website. The growth of mobile commerce has been remarkable in recent years, and it shows no signs of slowing down. "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. 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.
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