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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. $2.5 billion, according to our most recent tally. Donald Trumps real net worth? 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. More information is available at www.clearlake.com and on Twitter @ Clearlake. 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. 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. 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. 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. 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 . All quotes delayed a minimum of 15 minutes. o~ Clearlake Capital. Donald Trumps lawyer is asking the judge for a mistrial in a civil rape case against the former president, citing frustration with what the judge admonished in court and prevented him from questioning accuser E. Jean Carroll about. 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. In May, Clearlake announced it had raised more than$14.1 billionfor its seventh flagship private equity fund, Clearlake Capital Partners VII. Jose E. Feliciano - Forbes 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 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. More information is available at www.clearlake.comand on Twitter @Clearlake. Youre viewing 5 of 8 investments. The investment Clearlake Capital Partners VII Profile: Investments & Returns | PitchBook [3][5][6][7] Clearlake, which owns about 60% of Chelsea, would share joint control and equal governance of the club with Boehly.[5]. 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. Re: Clearlake Capital Partners VII , L.P. Dear Trustees: Clearlake Capital Group , L .P. The firm is headquartered in Santa Monica, CA. The WSJ report added that Clearlake was paying 10.9 times Quest's earnings before interest, taxes, depreciation and amortization for the last 12 months. The growth of mobile commerce has been remarkable in recent years, and it shows no signs of slowing down. 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. 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. [3], In 2014, Clearlake acquired the women's clothing company Ashley Stewart for $18 million after it had recently filed for bankruptcy. 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 Clearlakes operational improvement approach is O.P.S. Operations. 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 Journal reported on Sunday, citing people familiar with the matter. 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. Industry Group Health Care Biotechnology Health Insurance Hospitals & Physicians 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. The Sponsors were advised by Wells Fargo as exclusive financial advisor, Sidley Austin LLP as legal counsel, Deloitte as accounting, tax, carveout and human resources counsel, BCG as commercial advisor, and Motive Create for technical due diligence. This website uses cookies to improve your experience while you navigate through the website. 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. 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 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. var __dcid = __dcid || []; Our Standards: The Thomson Reuters Trust Principles. Necessary cookies are absolutely essential for the website to function properly. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. Clearlake Capital says it oversees more than $70 billion in assets under management; it has scored some of the industry's best returns. PDF Clearlake Capital Partners VII, L.P. - Pennsylvania Public School In many towns and cities around the world, electric scooters have proliferated. Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. Youre viewing 5 of 9 investments. 2018 Cohesive Capital. These cookies will be stored in your browser only with your consent. 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's investment professionals include two Managing Partners, three additional Partners, six Managing Directors, two Vice Presidents, nine Associates, and two analysts. ("Clearlake," "Genera l Partner") was founded in 2006 as a sector -focused investment firm specializngi in private equity, specai l situations and opportunistic credit . Investor. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "could," "should," or words of similar meaning. for $3 billion. 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. More information is available atwww.clearlake.comand on Twitter@Clearlake. All rights reserved. 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. But are they safe, or are they putting riders and others at risk? [2][3][4][5] The strategy was to shift between buyouts and distressed securities depending on economic conditions. 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. We also use third-party cookies that help us analyze and understand how you use this website. Clearlake Capital closes seventh flagship private equity fund with more [3][13], In recent years Clearlake has become the biggest user of GP-led secondaries. Feliciano. Get the full list Want detailed data on 3M+ companies? Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. Clearlake Capital to Buy Quest Software From Francisco Partners Clearlake Capital and Motive Partners Agree to Acquire BETA+ from [10] After the company underwent significant restructuring including cost-cutting, Clearlake sold the company to Invus Group for more than $140 million in 2016. "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. As of December 31, 2021, Fund VII's 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. Clearlake Capital to Acquire Global Cybersecurity, Data More information is available at www.clearlake.com and on Twitter @Clearlake. 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. 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. 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. "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. 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 It is mandatory to procure user consent prior to running these cookies on your website. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. Comments are Off, Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. [3][13] WhiteStar Asset Management serves as the credit platform of Clearlake. 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. With an initial target of $10 billion, Fund VII reached its hard cap and was significantly oversubscribed including commitments from the General Partner and affiliates.

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