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. 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. [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. Strategy. Related Persons Relationship: X Executive Officer Director X Promoter Clarification of Response (if Necessary): Relationship: X Executive Officer Director X Promoter Clarification of Response (if Necessary): 4. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. Language links are at the top of the page across from the title. Clearlake Financial | Capital Financing since 1986! [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 Partners VI Profile: Investments & Returns | PitchBook Booker T talks the WWE Draft, hosting WWE's Most Wanted Treasures and AEW All In. "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. 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. [3] In 2021, Charlesbank Capital Partners invested in Ivanti at a valuation of $4 billion. 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. Clearlake Capital Group LP said it struck a deal to buy Quest Software Inc. from Francisco Partners in the latest sign of private-equity firms' voracious appetite for software. "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. $2.5 billion, according to our most recent tally. Confluence, backed by Clearlake Capital and TA Associates, welcomes longtime asset management executive Joan Binstock to board of directors. Clearlake, Quest and Francisco Partners did not immediately respond to Reuters' requests for comment. 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. Over recent years, the space has exhibited growth across various avenues, compounded by investment from new and established players. This information is available in the PitchBook Platform. Clearlake and Motive Partners assume no obligation to update any forward-looking statements, which speak only as of the date of this news release. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. These cookies will be stored in your browser only with your consent. [17][18] In 2020 the merged company rebranded to Precisely. 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 creates series of single-asset funds amid growing push to [1][3][4][5], The firm is the owner of Chelsea F.C. 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. By continuing to browse, you hereby agree to the use of cookies. [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. 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. Clearlake Capital Closes Clearlake Opportunities Partners III with More It's early, but the club's big offseason free agent acquisition is performing far below his accustomed standard. 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. Insight Partners and Partners Group to Make a Strategic - Precisely The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. The firm is headquartered in Santa Monica, CA. Clearlake's innovation comes as GPs seek ways to achieve longer holds on businesses where they see more room for growth. Yet that doesn't mean he'll stay beyond the summer. About Charlesbank Capital Partners Based in Boston and New York, Charlesbank Capital Partners is a. Clearlake Capital and Motive Partners Agree to Acquire BETA+ from Feliciano and his wife have committed $50 million in grants and impact investments to support entrepreneurs from underrepresented groups. Clearlake Capital and Motive Partners Agree to Acquire BETA+ from In 2017, Clearlake raised more than $3.6 billion for Clearlake Capital Partners V, L.P. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. In May, Clearlake announced it had raised more than$14.1 billionfor its seventh flagship private equity fund, Clearlake Capital Partners VII. Clearlake Capital and Siris-Backed Constant Contact Names Software Oversubscribed COP III Fund Invests Using an All-Weather Strategy by Providing Flexible Equity and Credit Solutions. ", "The Fund has the flexibility to invest across the capital structure in both equity, preferred equity and debt securities, allowing us to focus on opportunities where creativity and active sponsorship are rewarded," said Behdad Eghbali,Co-Founder and Managing Partner atClearlake. Clearlake Capital. Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. Clearlake Capital closes seventh flagship private equity fund with more The fund is located in Santa Monica California and invests in Asia, Middle East, Europe, United States, North America and South America. Several innovations have changed the e-commerce experience for both consumers and brands. Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies. __dcid.push({"cid":"DigiCertClickID_vnR-yZZg","tag":"vnR-yZZg","seal_format":"dynamic"}); The deal is formally expected to be announced as soon as Monday, the report added. Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. For more information, visit our Privacy Policy. 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. Clearlake Capital Partners VI is a 2020 vintage buyout fund managed by Clearlake Capital Group. Clearlake currently has over $60 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. 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. Clearlake Capital Partners II Profile: Investments & Returns | PitchBook [10] After the company underwent significant restructuring including cost-cutting, Clearlake sold the company to Invus Group for more than $140 million in 2016. Credit Suisse Private Fund Groupacted as the primary placement agent for Fund VII, and Kirkland & Ellis LLP served as legal adviser for the Fund. through deep industry knowledge, operational expertise, flexible solutions, and long-term partnerships. Gibson, Dunn & Crutcher LLP also acted as legal counsel for Motive Partners. "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. Youre viewing 5 of 9 investments. Feliciano worked in investment banking at Goldman Sachs and was the chief financial officer of govWorks before it declared bankruptcy in 2000. This is a profile preview from the PitchBook Platform. 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. Sec Form D [17] In 2017, Clearlake sold both companies to Centerbridge Partners for $1.26 billion and were merged. Clearlake Capital Partners VII is a 2021 vintage buyout fund managed by Clearlake Capital Group. All rights reserved. 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. More information is available atwww.clearlake.comand on Twitter@Clearlake. But opting out of some of these cookies may affect your browsing experience. These cookies do not store any personal information. [3] Many investors chose to roll their holdings instead. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX and London, UK. Clearlake Capital Closes Seventh Flagship Private Equity Fund with More 2018 Cohesive Capital. 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. var __dcid = __dcid || []; You should consider these factors carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such statements. 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. 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. 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 below charts are illustrative of the type of graphical data available to our clients and do not represent live data. To explore Clearlake Capital Partners VIIs full profile, request access. Credit Suisse acted as advisor and placement agent for COP III, and Paul Weiss served as legal advisor for the Fund. Statements can generally be identified as forward-looking because they include words such as "believes," "anticipates," "expects," "could," "should," or words of similar meaning. The private equity firm is based in Santa Monica, California. By Marvin Larin Investor Contact:Patrick GilliganClearlake Capital Group, L.P.310-400-8844[emailprotected], Media Contact:Jennifer HursonLambert845-507-0571[emailprotected]. Long-term strategic partnership with management to transform and grow companies. Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. People. The Sponsors are also focused on the long-term strategic partnership between BETA+, the Sponsors' other portfolio companies and LSEG, to offer new products and greater operational efficiencies to clients across these various platforms. "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. 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. This website uses cookies to improve your experience while you navigate through the website. But opting out of some of these cookies may affect your browsing experience. 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. We would like to thank our diverse group of investors for their confidence in our team and their continued support. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin. [1] [3] [4] [5] Donald Trumps real net worth? ("Clearlake," "Genera l Partner") was founded in 2006 as a sector -focused investment firm specializngi in private equity, specai l situations and opportunistic credit . All rights reserved. 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. All rights reserved. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Get the full list, Youre viewing 5 of 55 limited partners. Clearlake Capital says it oversees more than $70 billion in assets under management; it has scored some of the industry's best returns. You also have the option to opt-out of these cookies. "We look forward to partnering with Motive Partners, the BETA+ team, and LSEG as the company continues to provide best-in-class solutions to its blue-chip customer base.". Trump has since deleted the posts after the judge said they were inappropriate during the trial. Concert Golf Partners Closes New Strategic Investment from Clearlake Exclusive news, data and analytics for financial market professionals, Reporting by Baranjot Kaur and Shubham Kalia in Bengaluru; Editing by Rashmi Aich, Australian miner Liontown confirms no new bids; resumes trading, Regulators seize First Republic Bank, sell assets to JPMorgan, Vice Media preparing to file for bankruptcy - NYT, JPMorgan deal forces Biden administration to defend record on mergers, Coffee at home: Australia Woolworths' sales jump as shoppers cut costs, Djokovic able to play at US Open as vaccine mandate set to end, Stocks on edge as traders wait on central bankers, Kudermetova to remove Russian sponsor logo to play at Wimbledon, Indian shares set for muted open ahead of Fed rate decision. /axoT)2Aeq97qZ/bHr/@83R-}Z_$#&%C%BcqMs8e:&jg44i58FbApnXgOtD"bR9GPfCO/$Hn\/v_IJI0?I>(8M;Siw8~GnWGl4-mY&, . 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+ . Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. Principal Place of Business and Contact Information 3. Symplr Closes New Strategic Investment From Clearlake to Continue Clearlake Capital See here for a complete list of exchanges and delays. "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.". 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. (PRNewsfoto/Centroid Investment Partners,Clearlake Capital Group) PDF Clearlake Capital Group - data.treasury.ri.gov More information on Motive Partners can be found at www.motivepartners.com. [3], In 2014, Clearlake acquired the women's clothing company Ashley Stewart for $18 million after it had recently filed for bankruptcy. Clearlake Capital Group | LinkedIn You also have the option to opt-out of these cookies. The firm is headquartered in Santa Monica, CA. Concert Golf Partners, a Portfolio Company of Clearlake Capital, Closes More information is available at www.clearlake.com and on Twitter @ClearlakeCap. 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. The fund targets information technology, industrial, consumer products and services sectors. 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+". When typing in this field, a list of search results will appear and be automatically updated as you type. Jose E. Feliciano - Forbes 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. 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. What you see here scratches the surface Request a free trial Want to dig into this profile? More than $25 billion in capital has been raised by Clearlake since January 2021, which includes nearly $7 billion raised in four continuation funds. CC4b!ihbF fhHf} eB7>_KBv!uU? where in May 2022, it acquired 60% of the clubs outstanding shares. In many towns and cities around the world, electric scooters have proliferated. 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..
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