from 8 AM - 9 PM ET. "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. Clearlake Capital to Acquire Global Cybersecurity, Data Clearlake Capital says it oversees more than $70 billion in assets under management; it has scored some of the industry's best returns. Clearlake currently has more than $72 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Feliciano, who was born in Puerto Rico, is on the board of trustees of Stanford University and the Smithsonian National Museum of the American Latino. These cookies will be stored in your browser only with your consent. [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. [10], In 2015, Clearlake took a controlling stake in Syncsort. 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 - Wikipedia These cookies will be stored in your browser only with your consent. But opting out of some of these cookies may affect your browsing experience. [3] In 2021, Charlesbank Capital Partners invested in Ivanti at a valuation of $4 billion. [17][18] In 2020 the merged company rebranded to Precisely. Fund VII's announced platform investments include Cornerstone OnDemand, Concert Golf, Discovery Education, Intertape Polymer Group, Kofax, Mold-Rite Packaging, Quest Software and Springs Window Fashions. Concert Golf Partners, a Portfolio Company of Clearlake Capital, Closes Clearlake Capital Partners VII is a 2021 vintage buyout fund managed by Clearlake Capital Group. 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, Quest and Francisco Partners did not immediately respond to Reuters' requests for comment. This category only includes cookies that ensures basic functionalities and security features of the website. 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 Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The growth of mobile commerce has been remarkable in recent years, and it shows no signs of slowing down. The factors that may adversely impact the anticipated outcomes include, among others: the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction agreement; conditions to the completion of the transaction may not be satisfied on the terms expected or on the anticipated timeline; and the benefits of the transaction may be different than currently anticipated. Jose Mourinho has been a perfect fit for Roma, instilling them with a confidence and a mentality that had been lacking. More information is available at www.clearlake.com and on Twitter @Clearlake. 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. Get the full list, Morningstar Institutional Equity Research. Clearlake Capital and Siris-Backed Constant Contact Names Software [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. 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]. 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. var __dcid = __dcid || []; 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.. Our Standards: The Thomson Reuters Trust Principles. [17] In 2017, Clearlake sold both companies to Centerbridge Partners for $1.26 billion and were merged. All rights reserved. More information is available at www.clearlake.com and on Twitter @Clearlake. Clearlake Capital Group | LinkedIn 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. 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. Comments are Off, Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. Investor Contact: Concert Golf Partners Closes New Strategic Investment from Clearlake Clearlake Capital Closes Seventh Flagship Private Equity Fund with More More information is available at www.clearlake.comand on Twitter @Clearlake. Clearlake Capital Partners VI is a 2020 vintage buyout fund managed by Clearlake Capital Group. 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. 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. 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. 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. 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. Writer E. Jean Carroll opened her testimony on Wednesday saying, Im here because Donald Trump raped me, and detailed the alleged events that occurred between her and the former president in a department store in the 1990s. 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 . The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. This information is available in the PitchBook Platform. With $10 Billion in Hand, Clearlake Approaches $13.8 Billion Cap - WSJ Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Strategy. Donald Trumps real net worth? By continuing to browse, you hereby agree to the use of cookies. 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. Youre viewing 5 of 8 investments. The firm is headquartered in Santa Monica, CA. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. investment firm founded in 2006. This is a profile preview from the PitchBook Platform. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. It is mandatory to procure user consent prior to running these cookies on your website. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. Booker T talks the WWE Draft, hosting WWE's Most Wanted Treasures and AEW All In. [1][3][4][5], The firm is the owner of Chelsea F.C. Credit Suisse Private Fund Groupacted as the primary placement agent for Fund VII, and Kirkland & Ellis LLP served as legal adviser for the Fund. 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. 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. In 2021, Clearlake and TA Associates reacquired Precisely for $3.5 billion. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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 Clearlake creates series of single-asset funds amid growing push to Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Clearlake Capital About Charlesbank Capital Partners Based in Boston and New York, Charlesbank Capital Partners is a. 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. "The support from both existing and new limited partners is especially humbling given the backdrop of the last two years, and we're grateful for their ongoing support," said Behdad Eghbali, Co-Founder and Managing Partner at Clearlake. 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 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.. 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. Forward Looking StatementsThis news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected timing and benefits of the transaction. 2018 Cohesive Capital. To explore Clearlake Capital Partners VIIs full profile, request access. 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 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. Cision Distribution 888-776-0942 Oversubscribed COP III Fund Invests Using an All-Weather Strategy by Providing Flexible Equity and Credit Solutions. Trump has since deleted the posts after the judge said they were inappropriate during the trial. More information is available atwww.clearlake.comand on Twitter@Clearlake. Jose E. Feliciano - Forbes Trumps lawyers request is based on claims that the judge in the case has been biased against the former president in his judgments thus far. The deal is expected to close in the second half of 2022, subject to regulatory approvals and other customary closing conditions. Clearlake Capital closes seventh flagship private equity fund with more 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. Clearlake and Motive Partners assume no obligation to update any forward-looking statements, which speak only as of the date of this news release. Bachelor of Engineering, Princeton University; Master of Business Administration, Stanford University. 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. Necessary cookies are absolutely essential for the website to function properly. [3] Many investors chose to roll their holdings instead. This all-weather approach allows us to act nimbly during evolving market conditions, including taking advantage of periodic dislocations in the debt capital markets," said Jos E. Feliciano,Co-Founder and Managing Partner at Clearlake. 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. Several innovations have changed the e-commerce experience for both consumers and brands. (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. The Club at Renaissance, Concert Golf's most recent acquisition, is located within an exclusive South Florida community. 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. Clearlake Capital Closes Clearlake Opportunities Partners III with More ("Clearlake," "Genera l Partner") was founded in 2006 as a sector -focused investment firm specializngi in private equity, specai l situations and opportunistic credit . [1] [3] [4] [5] COP III led the Chelsea Football Club investment on behalf of Clearlake's affiliated funds and other partners. Feliciano. Clearlake Financial | Capital Financing since 1986! You also have the option to opt-out of these cookies. Win whats next. Clearlake Capital Partners II Profile: Investments & Returns | PitchBook endstream endobj 700 0 obj <>stream When typing in this field, a list of search results will appear and be automatically updated as you type. [2][3][4][5] The strategy was to shift between buyouts and distressed securities depending on economic conditions. Clearlake's team consists of 59 professionals, including 24 investment professionals. The fund is located in Santa Monica California and invests in Asia, Middle East, Europe, United States, North America and South America. Clearlake Capital. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. Your brand's success hinges on how effectively you can wow potential customers online. [3][13] WhiteStar Asset Management serves as the credit platform of Clearlake. 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. 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+". "Clearlake's robust and growing team is well skilled to source and execute complex transactions, and we are eager to put our capital to work where it makes sense including funding mergers and acquisitions, enabling realization events for owners and shareholders, and bridging liquidity needs.". for $3 billion. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. [17] In 2016 Clearlake, took a controlling stake in Vision Solutions. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. o~ This website uses cookies to improve your experience while you navigate through the website. More information is available at www.clearlake.com and on Twitter @ClearlakeCap. We would like to thank our diverse group of investors for their confidence in our team and their continued support. Get the full list Want detailed data on 3M+ companies? 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. Notable realizations over the past two years include ConvergeOne, Lytx, Perforce, and Sage Automotive. 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. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin. "With COP III, Clearlake has the ability to partner with attractive businesses looking for bespoke capital solutions, while providing our investors with a combination of capital preservation and attractive contractual yields, plus potential equity or equity-like upside. This category only includes cookies that ensures basic functionalities and security features of the website. The investment var __dcid = __dcid || []; 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. The industry leader for online information for tax, accounting and finance professionals. All Rights Reserved. JENNIFER HURSONClearlake Media Contact - Lambert+1-845-507-0571[emailprotected], SAM TIDSWELL-NORRISHManaging Director, Motive Partners+447855910178[emailprotected], SOURCE Clearlake Capital Group; Motive Partners, Cision Distribution 888-776-0942 Clearlake Capital Group Closes Sixth Flagship Private Equity Investment 2023 Forbes Media LLC. 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. [2] [3] [4] [5] The firm is headquartered in Santa Monica with affiliates in Dallas, London and Dublin. [3], In 2014, Clearlake acquired the women's clothing company Ashley Stewart for $18 million after it had recently filed for bankruptcy. Clearlake is a leading private investment firm founded in 2006. 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. 2023 PitchBook. 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 The firm is headquartered in Santa Monica, CA. 2023 PitchBook. 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. CC4b!ihbF fhHf} eB7>_KBv!uU? [3][13], In recent years Clearlake has become the biggest user of GP-led secondaries. 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. All rights reserved. [12], In June 2020, Clearlake acquired a majority interest in WhiteStar Asset Management from Pine Brook Road Partners. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. Clearlakes operational improvement approach is O.P.S. Operations. [19][20], On May 30, 2022, a consortium of investors co-led by Clearlake and Todd Boehly acquired Chelsea F.C. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 300 investments.