Clearlake Capital Group has returned to the market pitching what would be its largest flagship fund to date, little more than a year after wrapping up the fund’s predecessor.
The firm is targeting $10bn for Clearlake Capital Partners VII LP, people familiar with the fundraising effort said. If Clearlake reaches its target, the new vehicle would be nearly 43% larger than Clearlake Capital Partners VI LP which wrapped up with more than $7bn last year.
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Clearlake Capital Group is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. 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 operational improvement approach, O.P.S.®
The firm’s core target sectors are technology, industrials and consumer. Clearlake currently has approximately $39bn of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas.
Source: Wall Street Journal
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