Key Takeaways
- • Clearlake Capital Group launched Clearlake Private Wealth, a new platform designed to expand access to private markets strategies for private wealth investors, according to a Business Wire press release.
- • The platform's first offering, the Clearlake Private Markets Fund, is a non-diversified, closed-end interval fund registered under the Investment Company Act of 1940, expected to be available in Q1 2027.
- • The Fund will provide access to LP-led secondaries, GP-led secondaries, and co-investments through Pathway Capital Management, a division of Clearlake, with semi-annual repurchase offers of 5% of outstanding shares.
- • Clearlake reports over $185 billion in assets under management as of June 30, 2026, with more than 20 years of investing across private equity, private credit, liquid credit, and private market solutions.
- • The registration statement has been filed with the SEC but is not yet effective, and the Fund carries substantial risk of loss.
Summary
Clearlake Capital Group, L.P., a Santa Monica-based global investment firm, announced the launch of Clearlake Private Wealth, a new platform intended to broaden access to private markets strategies for private wealth investors, according to a Business Wire press release. The firm, which manages integrated platforms spanning private equity, liquid strategies, private credit, and private market solutions, reports more than $185 billion in assets under management as of June 30, 2026.
Alongside the launch, Clearlake announced the upcoming Clearlake Private Markets Fund, a non-diversified, closed-end interval fund registered under the Investment Company Act of 1940. The Fund is designed to give private wealth investors access to Clearlake and Pathway Capital Management's private markets platform, including secondary and co-investment capabilities, through a single investment. It is expected to be available in the first quarter of 2027.
The Fund will seek exposure to LP-led secondaries, GP-led secondaries, and co-investments. According to the release, co-investments offer exposure to high-conviction portfolio companies with historically no management fee or carried interest at the underlying GP level. The strategy targets diversification across GPs, vintages, and strategies, and seeks returns driven by value creation and pricing discipline as well as J-Curve mitigation. The vehicle is designed for financial advisors, Registered Investment Advisers, and private investors. It is expected to offer Form 1099 tax reporting and semi-annual repurchase offers of 5% of outstanding shares.
Co-founders and Managing Partners José E. Feliciano and Behdad Eghbali said demand from private wealth investors for institutional-quality private markets access has never been stronger, and that secondaries and co-investments are becoming essential components of diversified alternatives portfolios. The registration statement relating to the Fund's common shares has been filed with the SEC but is not yet effective, and the release is not an offer to sell securities. The Fund is distributed by ALPS Distributors, Inc., and the release warns that an investment in the Fund is speculative with a substantial risk of loss.
Alongside the launch, Clearlake announced the upcoming Clearlake Private Markets Fund, a non-diversified, closed-end interval fund registered under the Investment Company Act of 1940. The Fund is designed to give private wealth investors access to Clearlake and Pathway Capital Management's private markets platform, including secondary and co-investment capabilities, through a single investment. It is expected to be available in the first quarter of 2027.
The Fund will seek exposure to LP-led secondaries, GP-led secondaries, and co-investments. According to the release, co-investments offer exposure to high-conviction portfolio companies with historically no management fee or carried interest at the underlying GP level. The strategy targets diversification across GPs, vintages, and strategies, and seeks returns driven by value creation and pricing discipline as well as J-Curve mitigation. The vehicle is designed for financial advisors, Registered Investment Advisers, and private investors. It is expected to offer Form 1099 tax reporting and semi-annual repurchase offers of 5% of outstanding shares.
Co-founders and Managing Partners José E. Feliciano and Behdad Eghbali said demand from private wealth investors for institutional-quality private markets access has never been stronger, and that secondaries and co-investments are becoming essential components of diversified alternatives portfolios. The registration statement relating to the Fund's common shares has been filed with the SEC but is not yet effective, and the release is not an offer to sell securities. The Fund is distributed by ALPS Distributors, Inc., and the release warns that an investment in the Fund is speculative with a substantial risk of loss.
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