Motive Partners, a specialist private equity firm focused on growth and buyout investments in enterprise financial services software companies, and Clearlake Capital Group LP, a sector-focused investor that partners with management teams by providing patient, long-term capital to businesses, have acquired 80% of InvestCloud, a modular digital wealth and investment management software solutions platform. 

Motive Partners and Clearlake have simultaneously combined InvestCloud with existing Motive Partners portfolio companies Finantix and Tegra118 to work towards creating the next generation of Software-as-a-Service (“SaaS”)  global wealth solutions platform. The co-investment for the transaction comes from Accenture, Citi Ventures and Fiserv. As part of the transaction, Rob Heyvaert, founder & managing partner, Motive Partners, will become Chairman, with John Wise as group CEO who will lead the combined business, with Cheryl Nash, CEO of Tegra118, and Christine Ciriani, CEO to Finantix, reporting to Mr Wise. 

“We are delighted with the opportunity to combine the strengths of Tegra118 as the leading Managed Account platform in the USA, and Finantix Private Banking expertise with InvestCloud’s leading digital wealth platform,” said John Wise, CEO of InvestCloud.