Key Takeaways
- • Clearlake Capital has launched Clearlake Private Wealth, a platform extending its alternative investment strategies to high-net-worth individuals, financial advisers, and registered investment advisers.
- • The platform's first offering is the Clearlake Private Markets Fund, a closed-ended interval fund providing access to limited partner-led secondaries, general partner-led secondaries, and co-investments through a single investment.
- • The fund is expected to be available to investors in the first quarter of 2027, offers Form 1099 tax reporting, and will make twice-yearly repurchase offers of five per cent of outstanding shares.
- • Clearlake reports more than $185bn (£137.6bn) in assets under management across private equity, private credit, liquid credit, and private market solutions.
Summary
Clearlake Capital has launched a private wealth platform, Clearlake Private Wealth, to extend its alternative investment strategies to high-net-worth individuals. According to the firm, the platform is designed to serve financial advisadvisers, registered investment advisers and private investors who want exposure to private markets alongside institutional investors. The firm said the launch reflects growing demand from private wealth investors for access to private markets and the secondary market.
The platform builds on Clearlake's track record across private equity, private credit, liquid credit and private market solutions. The firm reports more than $185bn (£137.6bn) in assets under management.
The platform's first offering is the Clearlake Private Markets Fund, a closed-ended interval fund. The fund will give investors access to limited partner-led secondaries, general partner-led secondaries and co-investments through a single investment. It is expected to be available in the first quarter of 2027. It will offer Form 1099 tax reporting and make twice-yearly repurchase offers of five per cent of its outstanding shares, providing investors with periodic limited liquidity.
Co-founders and managing partners José E. Feliciano and Behdad Eghbali said that demand from private wealth investors for institutional-quality access to private markets has never been stronger, and that secondaries and co-investments are becoming essential building blocks of a diversified alternatives portfolio. They said Clearlake Private Wealth and the fund are intended to bring the same experience, relationships and investment discipline the firm has provided institutional investors for two decades to a broader set of clients.
The platform builds on Clearlake's track record across private equity, private credit, liquid credit and private market solutions. The firm reports more than $185bn (£137.6bn) in assets under management.
The platform's first offering is the Clearlake Private Markets Fund, a closed-ended interval fund. The fund will give investors access to limited partner-led secondaries, general partner-led secondaries and co-investments through a single investment. It is expected to be available in the first quarter of 2027. It will offer Form 1099 tax reporting and make twice-yearly repurchase offers of five per cent of its outstanding shares, providing investors with periodic limited liquidity.
Co-founders and managing partners José E. Feliciano and Behdad Eghbali said that demand from private wealth investors for institutional-quality access to private markets has never been stronger, and that secondaries and co-investments are becoming essential building blocks of a diversified alternatives portfolio. They said Clearlake Private Wealth and the fund are intended to bring the same experience, relationships and investment discipline the firm has provided institutional investors for two decades to a broader set of clients.
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