Jose E. Feliciano cofounded Clearlake Capital in 2006 with Behdad Eghbali; both men are managing partners. Clearlake currently has more than $70 billion of assets under management. core sectors Software & Technology, Energy & Industrials, Food & Consumer Services. [3] It is a technique where Clearbridge 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 serves customers in the State of California. Description. Am 20. And on June 22, Clearlake paid $240 million along with New York-based private equity firm Siris Capital Group to buy SharpSpring Inc., a Florida-based software firm. [31], Ellis, Charles D. (2004). www.spglobal.com. It sold the previously owned 5,511,703 shares for $316 million. [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. View all news With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S. The firm's core target sectors . Re: Clearlake Capital Partners VII , L.P. Dear Trustees: Clearlake Capital Group , L .P. [15] In 2016 Clearlake, took a controlling stake in Vision Solutions. We have made strides in how we measure our impact on our climate, but to have a sustainable planet, we also must focus on people as well. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.. It ranks among the world's oldest and largest investment management organizations, with over $2.6 trillion in assets under management. [3], In 2014, Clearlake acquired the women's clothing company Ashley Stewart for $18 million after it had recently filed for bankruptcy. [18], As of 2019, Capital Group held 5% of BAE Systems,[19] 9% of British American Tobacco,[20] and 15.28% of ASML Holding. Clearlake Capital Group, L.P. ("Clearlake" or the "Firm") is seeking to raise Fund VI to continue the Firm's flexible investment strategy; focused on North American, middle-market companies that are Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. Though . Hes nowhere near as rich as he boasts, nor as poor as his critics claim. Marco V. Masotti is recognized as one of the country's leading lawyers in the alternative asset management industry. Pg. recommend the Board commit up to $200 million to Clearlake Capital Partners VI, L.P. (the "Fund", or "Fund VI"). [14], In 1958, Jon Lovelace Jr. introduced a new system of managing the firm's mutual funds and accounts. By continuing to browse, you hereby agree to the use of cookies. Behdad Eghbali is the managing partner of Clearlake Capital Group LP, which he cofounded in 2006. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. We also use third-party cookies that help us analyze and understand how you use this website. Clearlake Capital Group | 23,257 followers on LinkedIn. About; . Samuel, Juliet (October 16, 2014). SaaS, Android, Cloud Computing, Medical Device). [3] Centerbridge Partners hat im August 2017 die Softwareanbieter Syncsort und Vision Solutions, die Clearlake 2015 und 2016 bernommen hat, fr 1,26 Milliarden US-Dollar von der Clearlake Capital Group erworben. [17], Former British PM Theresa May's husband Philip May has worked as a relationship manager for the Capital Group. The Kwanza Jones & Jos E. Feliciano SUPERCHARGED Initiative (KJSI) is a philanthropic grantmaking and investment organization founded by Kwanza Jones & Jos E. Feliciano, which drives beneficial societal change in order to power possibilities for humanity & its future. Clearlake Capital says it has more than $70 billion in . Strategy. This firm provides long-term capital to businesses that can benefit from Clearlakes operational improvement approach, O.P.S.. Capital Group is an American financial services company. Clearlake Capital Group, L.p. initiated holding in Altimeter Growth Corp. /PRNewswire/ -- PrimeSource Building Products, Inc. ("PrimeSource" or the "Company"), a North American provider of specialty branded residential building Appriss Health has snagged PatientPing to bulk up its care coordination technology. "Clearlake Capital Wraps Up Latest Fund With $14.1 Billion", "Clearlake Follows Its Chelsea Deal With A $14.1 Billion Buyout Fund", "Clearlake rolls out third opportunities fund, with $1.5bn target", "Clearlake Capital sells 20% stake to 3 alternatives fund managers", "Clearlake's Jos E. Feliciano Named to 2021 PE Leaders in DEI", "Clearlake Capital to Buy Cornerstone OnDemand for $5.2 Billion", "Clearlake Capital to Buy Quest Software From Francisco Partners", "Foundations, Private-Equity Firms Create ESG Reporting Platform", "Clearlake Capital Acquires BBB Industries", article "Clearlake Capital" is from Wikipedia, https://en.everybodywiki.com/index.php?title=Clearlake_Capital&oldid=3225921, Pages with non-numeric formatnum arguments. The establishment of the firm's first overseas research office in Geneva followed in 1962. [3][11], In recent years Clearlake has become the biggest user of GP-led secondaries. These cookies will be stored in your browser only with your consent. By taking advantage of the full possibilities of automated AI-based recommendations, retailers can stop fearing anonymous shoppers. Smart Sand is a fully integrated frac sand supply and services company, offering complete mine to wellsite proppant logistics, storage, and management solutions to our customers. In May 2022, a consortium of investors co-led by Clearlake closed its acquisition of Chelsea Football Club. Pearl River, NY March 3, 2021. Text. SANTA MONICA, Calif., July 15, 2022 /PRNewswire/ -- Clearlake Capital Group, L.P. (" Clearlake "), an investment firm founded in 2006 operating integrated businesses across . But when the tech bubble burst, Capital was praised for not jumping on the bandwagon. But opting out of some of these cookies may affect your browsing experience. Behdad Eghbali cofounded Clearlake Capital in 2006 with Jose E. Feliciano. [7], In November 2021, Clearlake advised on the launch of the ESG data reporting platform Novata. /PRNewswire/ -- Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") today announced the completion of its acquisition of Endurance from California that invests in communications, healthcare, and industrial companies. View contacts for Clearlake Capital Group to access new leads and connect with decision-makers. As the popularity of e-bikes grow, it's important for insurance companies to become educated on these vehicles and the laws surrounding them. It primarily invests in the industrial and energy sectors, technology and software, and consumer services. The firm primarily seeks to invest in growth-stage companies through buyouts. [3][5][6][7], Clearlake Capital was founded in 2006 by Steven Chang, Behdad Eghbali and Jos E. 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. FloWorks is a leading specialty industrial supplier of pipe, valves, fittings and related products and a provider of technical solutions to the energy and industrial sectors. Find More Contacts for Clearlake Capital Group, Diversity Spotlight (US Headquarters Only), Edit Lists Featuring This Company Section. View more. Can I (an EU citizen) live in the US if I marry a US citizen. The private equity firm is based in Santa Monica, California. Feliciano. Feliciano worked in investment banking at Goldman Sachs and was the chief financial officer of govWorks before it declared bankruptcy in 2000. Press releases. Clearlake Capital Group acquires Dimora Brands, a leading provider of branded specialty hardware and home accessories, from affiliates of The Jordan Company. 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 . These cookies do not store any personal information. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. [21], The chairman and chief executive is Tim Armour,[22] who took over in 2015 after the death of James Rothenberg. Bachelor of Engineering, Princeton University; Master of Business Administration, Stanford University. [16], Capital Group's long-term approach has helped it avoid some of the pitfalls that have plagued other firms. [8], In 2015, Clearlake took a controlling stake in Syncsort. [15] In 2017, Clearlake sold both companies to Centerbridge Partners for $1.26 billion and were merged. Clearlake has a flexible mandate to invest in both private and public transactions across the capital structure in debt or equity securities in the lower and middle market through buyouts, corporate divestitures, recapitalizations. Paladin Capital Group adds ex-Rep. Jim Langevin as an adviser. He serves as Global Co-Head of the Private Funds Group and has served as a member of the firm's Management Committee. Jul 15, 2022, 07:00 ET. [1], Clearlake Capital Group wurde 2006 von Jos E. Feliciano, Steven Chang und Behdad Eghbali gegrndet, um mit geduldigem, langfristigem Kapital in Unternehmen zu investieren, die sich in einer bergangsphase befinden oder expandieren. [10], In June 2020, Clearlake acquired a majority interest in WhiteStar Asset Management from Pine Brook Road Partners. "Clearlake Capital closes Clearlake Opportunities Partners III with more than $2.5 billion in commitments". The acquisition will diversify Louisville, Kentucky-based Appriss' healthcare offerings, and the combined Appriss-PatientPing footprint now covers 7,500 post-acute facilities, 2,500 hospitals and 25,000 pharmacies, according to the company. ^ a b "Clearlake Capital purchases majority stake in WhiteStar Asset Management". Clearlake Capital (Clearlake) is a private equity firm founded in 2006 that focuses on the technology, industrial and consumer sectors. While rediscovering the joy of riding mountain bikes. 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, California, with affiliates in Dallas, Texas, London, United Kingdom, and Dublin, Ireland.In May 2022, a consortium of investors co-led by Clearlake closed its acquisition of Chelsea Football Club. 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