Clearlake Capital Group, L.P., an investment firm, has completed fundraising for its seventh flagship private equity fund, Clearlake Capital Partners VII, with more than $14.1 billion in commitments.
Fund VII to continue utilizing an investment strategy focused on consumer, industrials and technology.
“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, managing partner at Clearlake. “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.”
Credit Suisse Private Fund Group acted as the primary placement agent for Fund VII, and Kirkland & Ellis LLP served as legal adviser for the Fund.