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Clearlake Capital Closes Clearlake Opportunities Partners III with over $2.5bn in capital commitments

Clearlake Capital Group, an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies, has completed fundraising for Clearlake Opportunities Partners III (COP III) with more than $2.5 billion in capital commitments. 

COP III was oversubscribed (including commitments from the General Partner and affiliates) and exceeded its $1.5 billion target with support from existing and new limited partners.
 
COP III will continue Clearlake’s flexible investment strategy of investing in non-control special situations investments, utilising the Firm’s sector-focused approach targeting investments in technology, industrial, and consumer businesses.
 
Limited partners in COP III include institutional investors from Asia, Europe, and North America, and represent a diverse group of public and corporate pension funds, sovereign wealth funds, insurance companies, foundations and endowments, and family offices.
 
In May, Clearlake announced it had raised more than $14.1 billion for its seventh flagship private equity fund, Clearlake Capital Partners VII. Total capital raised by Clearlake since January 2021 exceeds $27 billion, which includes COP III, Fund VII, the Firm’s continuation and co-investment funds, and capital raised by WhiteStar Asset Management, LLC, the CLO, structured products and broadly syndicated credit arm of Clearlake. 

COP III has already led investments in AMCS, a global supplier of integrated cloud-based software and vehicle technology for the environmental, utilities, waste, recycling, and resource industries, and Chelsea Football Club, a professional football club that competes in the Premier League, the top division of English football. COP III led the Chelsea Football Club investment on behalf of Clearlake’s affiliated funds and other partners.

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