The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. /axoT)2Aeq97qZ/bHr/@83R-}Z_$#&%C%BcqMs8e:&jg44i58FbApnXgOtD"bR9GPfCO/$Hn\/v_IJI0?I>(8M;Siw8~GnWGl4-mY&, . 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 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. "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. [12], In June 2020, Clearlake acquired a majority interest in WhiteStar Asset Management from Pine Brook Road Partners. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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 II Investments (13) You're viewing 5 of 13 investments. See here for a complete list of exchanges and delays. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. 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. "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. 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.. Yet that doesn't mean he'll stay beyond the summer. 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. The growth of mobile commerce has been remarkable in recent years, and it shows no signs of slowing down. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. Feliciano. These cookies will be stored in your browser only with your consent. More information is available at www.clearlake.com and on Twitter @Clearlake. Jose Mourinho has been a perfect fit for Roma, instilling them with a confidence and a mentality that had been lacking. Clearlake and Motive Partners assume no obligation to update any forward-looking statements, which speak only as of the date of this news release. var __dcid = __dcid || []; This is a profile preview from the PitchBook Platform. [3] In 2021, Charlesbank Capital Partners invested in Ivanti at a valuation of $4 billion. We also use third-party cookies that help us analyze and understand how you use this website. By continuing to browse, you hereby agree to the use of cookies. These cookies do not store any personal information. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. 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. 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. To explore Clearlake Capital Partners VIIs full profile, request access. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. (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. 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 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. for $3 billion. This website uses cookies to improve your experience while you navigate through the website. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. 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're looking forward to partnering with Clearlake once again to continue our transformation of the wealth management sector at a critical time for the industry," said Stephen C. Daffron, Co-Founder and Industry Partner of Motive Partners. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. [10], In 2015, Clearlake took a controlling stake in Syncsort. [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. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. For more information, visit our Privacy Policy. 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. 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. 2023 PitchBook. Feliciano worked in investment banking at Goldman Sachs and was the chief financial officer of govWorks before it declared bankruptcy in 2000. Youre viewing 5 of 9 investments. Trump has since deleted the posts after the judge said they were inappropriate during the trial. Youre viewing 5 of 8 investments. By Marvin Larin 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. 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. 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. Let's explore them and the best practices brands should use to take advantage of them. This website uses cookies to improve your experience while you navigate through the website. 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. 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. Our Standards: The Thomson Reuters Trust Principles. [19][20], On May 30, 2022, a consortium of investors co-led by Clearlake and Todd Boehly acquired Chelsea F.C. We would like to thank our diverse group of investors for their confidence in our team and their continued support. 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+". Credit Suisse acted as advisor and placement agent for COP III, and Paul Weiss served as legal advisor for the Fund. o~ This information is available in the PitchBook Platform. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. Significant experience across Clearlakes Clearlake and Motive continue to execute on a similar thesis with their existing portfolio company, InvestCloud. Booker T talks the WWE Draft, hosting WWE's Most Wanted Treasures and AEW All In. Clearlake's innovation comes as GPs seek ways to achieve longer holds on businesses where they see more room for growth. 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.". Fund VIIs announced platform investments include Cornerstone OnDemand, Concert Golf, Discovery Education, Intertape Polymer Group, Kofax, Mold-Rite Packaging, Quest Software and Springs Window Fashions. [17][18] In 2020 the merged company rebranded to Precisely. All rights reserved. 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. 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. More than $25 billion in capital has been raised by Clearlake since January 2021, which includes nearly $7 billion raised in four continuation funds. 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. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. In 2021, Clearlake and TA Associates reacquired Precisely for $3.5 billion. Principal Place of Business and Contact Information 3. The firm is headquartered in Santa Monica, CA. x[O@I,c9$A fJv/6{Qf)(~S!(prr|u!==nVJR2A investment firm founded in 2006. Comments are Off, Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. More information is available at www.clearlake.com and on Twitter @ClearlakeCap. Long-term strategic partnership with management to transform and grow companies. Fund VII is double in size to the Firm's predecessor flagship fund, Clearlake Capital Partners VI, which is fully deployed and closed at $7.1 billion in commitments in early 2020. [1] [3] [4] [5] Get the full list, Youre viewing 5 of 55 limited partners. Related by financial asset: Clearlake Capital, Related by origin of wealth: Private equity. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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 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. About ClearlakeClearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. [11][12] The purpose of the sale was to fund the creation of a credit unit. May 18, 2022 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 Clearlakes Better For You platform. Clearlakes operational improvement approach is O.P.S. Operations. Feliciano and his wife have committed $50 million in grants and impact investments to support entrepreneurs from underrepresented groups. By continuing to browse, you hereby agree to the use of cookies. Several innovations have changed the e-commerce experience for both consumers and brands. Win whats next. In many towns and cities around the world, electric scooters have proliferated. "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. [3], In 2015, Chang left the firm leaving Eghbali and Feliciano as the remaining managing partners. In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. Clearlake Capital Partners VI is a 2020 vintage buyout fund managed by Clearlake Capital Group. 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. Cision Distribution 888-776-0942 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. 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. 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.". 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. 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. 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.com and on Twitter @ Clearlake. 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 currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. But are they safe, or are they putting riders and others at risk? (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. 2023 PitchBook. 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. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "could," "should," or words of similar meaning. 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. People. Necessary cookies are absolutely essential for the website to function properly. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. The fund targets information technology, industrial, consumer products and services sectors. 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. These cookies will be stored in your browser only with your consent. It is mandatory to procure user consent prior to running these cookies on your website. The firm is headquartered in Santa Monica, CA. To explore Clearlake Capital Partners VIs full profile, request access. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. Oversubscribed Fund VII to Continue Utilizing Consistent Investment Strategy Focused on Core Technology, Industrials and Consumer Sectors. This is a profile preview from the PitchBook Platform. The Club at Renaissance, Concert Golf's most recent acquisition, is located within an exclusive South Florida community. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. All rights reserved. More information is available at www.clearlake.comand on Twitter @Clearlake. The investment The deal is expected to close in the second half of 2022, subject to regulatory approvals and other customary closing conditions. [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. (PRNewsfoto/Centroid Investment Partners,Clearlake Capital Group) More information is available atwww.clearlake.comand on Twitter@Clearlake. Clearlake Capital. Strategy. Clearlake's team consists of 59 professionals, including 24 investment professionals. Get the full list, Morningstar Institutional Equity Research. Get the full list, Morningstar Institutional Equity Research. 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.. In May, Clearlake announced it had raised more than$14.1 billionfor its seventh flagship private equity fund, Clearlake Capital Partners VII. Clearlake, Quest and Francisco Partners did not immediately respond to Reuters' requests for comment. Clearlake is a leading private See here for a complete list of exchanges and delays. All quotes delayed a minimum of 15 minutes. var __dcid = __dcid || []; The private equity firm is based in Santa Monica, California. COP III led the Chelsea Football Club investment on behalf of Clearlake's affiliated funds and other partners. 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. The firm is headquartered in Santa Monica, CA. Oversubscribed COP III Fund Invests Using an All-Weather Strategy by Providing Flexible Equity and Credit Solutions. 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. These cookies do not store any personal information. About Charlesbank Capital Partners Based in Boston and New York, Charlesbank Capital Partners is a. Hes nowhere near as rich as he boasts, nor as poor as his critics claim. 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 . 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. 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. 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. [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. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin. 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. 2018 Cohesive Capital. "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. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. 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. 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.