Clearlake Capital Group, L.P., a Santa Monica, Calif.-based private investment firm with a sector-focused approach, completed fundraising for Clearlake Opportunities Partners II, at $1.4 billion in commitments.
More than 40 different institutional investors are investors in COP II. Investors include public and corporate pension funds, sovereign wealth funds, insurance companies, foundations and endowments, and family offices. It also includes a significant commitment from its general partner.
The fund will make non-control investments in middle market companies across Clearlake’s target sectors of:
– software and technology-enabled services;
– industrials and energy; and
It has already begun investing, with the recently announced investment in Appriss Holdings, Inc.
Founded in 2006 by Managing Partners José E. Feliciano and Behdad Eghbali, Clearlake Capital Group is a private investment firm which currently has over $10 billion of assets under management.
In early 2018 Clearlake raised more than $3.6 billion for its latest flagship fund, Clearlake Capital Partners V, L.P., to make investments under its private equity control strategy.