Clearlake Capital Closes on $14.8 Billion to Capitalize on AI-Driven Transformation and Continue Sector-Focused Investment Strategy
Clearlake Capital Group, L.P. (“Clearlake” or the “Firm”), a global investment firm managing integrated platforms spanning private equity, liquid and private credit, and other related strategies, today announced the successful close of its eighth flagship fund, Clearlake Capital Partners VIII (“Fund VIII”), alongside related co-investment vehicles and separately managed accounts. Together, these vehicles represent $14.8 billion of capital commitments and position Clearlake to continue investing behind the secular trends reshaping industries, including artificial intelligence, software modernization, digital transformation, and operational efficiency.
The successful fundraise comes amid a highly competitive and selective fundraising environment for private markets and underscores continued investor confidence in Clearlake’s differentiated sector-focused strategy, integrated investment platform, and proven ability to create value across market cycles. The close was supported by a diverse group of nearly 300 existing and new investors globally, representing six continents and 35 countries, reflecting continued confidence in the Firm’s disciplined investment approach and long-term performance.
“We are grateful for the strong support from both existing and new limited partners around the world,” said José E. Feliciano, Co-Founder and Managing Partner at Clearlake Capital. “In an environment where investors are increasingly concentrating capital with scaled, differentiated managers, Fund VIII reflects the strength of our platform, the consistency of our performance, and the enduring partnerships we have built with our investors over the past two decades. We believe our integrated approach, combining deep sector expertise, operational capabilities, and technology enabled value creation, positions us well to capitalize on compelling opportunities for our investors.”
“Periods of disruption often create the most attractive opportunities for value creation,” said Behdad Eghbali, Co-Founder and Managing Partner at Clearlake Capital. “We believe our combination of sector specialization, operational expertise, differentiated use of AI, and flexible capital solutions positions us to help businesses accelerate transformation and achieve their next stage of growth. With Fund VIII, we are well-positioned to partner with management teams navigating this evolution and continue delivering long-term value for our investors.”
Fund VIII has already begun deploying capital across investments aligned with Clearlake’s sector-focused strategy and conviction around AI-driven transformation. Through Clearlake AI Labs and external AI partners, Clearlake works alongside management teams to identify and implement high-impact initiatives across operations, product development, customer engagement, and decision-making. Recent investments, including Dun & Bradstreet, Qualus, and ModMed, reflect Clearlake’s focus on partnering with businesses positioned to benefit from technology-enabled transformation and long-term secular growth.
The close follows a period of significant portfolio activity and realized value creation, including approximately $22 billion of realizations over the last five years across investments such as Concert Golf Partners, Brightly, Janus International Group, and Team Technologies, demonstrating Clearlake’s ability to execute its strategy and generate liquidity for investors across varying market environments.
Evercore Private Funds Group acted as the primary fundraising advisor and global placement agent for Fund VIII, and Kirkland & Ellis LLP served as legal adviser for the Fund.
About Clearlake
Clearlake Capital is a leading global alternative asset manager founded in 2006 with over $185 billion of assets under management. Clearlake offers a broad range of investment solutions across private equity, credit, infrastructure, secondaries, co-investments, and other related private market strategies. Through Pathway Capital Management, a division of Clearlake, the Firm serves institutional and wealth investors seeking diversified access to private markets. Clearlake seeks to partner with experienced management teams by providing patient, long-term capital to businesses across multiple sectors. The Firm aims to drive value through its active, hands-on operating approach, O.P.S.® (Operations, People, Strategy), which combines deep operational expertise with strategic and talent-focused initiatives. Headquartered in Santa Monica, Clearlake maintains 14 offices across the Americas, Europe, Asia, and the Middle East. For more information, please visit clearlake.com or follow us on LinkedIn.
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