Clearlake

We’re thrilled to share that Marcelia Freeman, Managing Director, Investor Relations, was named to The Wall Street Journal Pro Private Equity’s list of Women to Watch. Since joining the firm in 2020, Marcelia has played a key role fundraising for CCP VII ($14.1B) and COP III ($2.5B), strengthening the firm’s global limited partner relationships and supporting the continued growth of the platform. Congratulations to all the women named on the list. wsj.com/pro/private-eq…

Clearlake is thrilled to sponsor the Women’s Private Equity Summit hosted by With Intelligence! We’re proud to have strong representation from across our firm: Marcelia Freeman, Managing Director, Clearlake Capital Katharine Rutherford, Executive Director, Clearlake Capital Emily Mullins, Principal, Clearlake Capital Valerie Ruddick, Managing Director, Pathway Capital Management They will be joining a distinguished community of LPs and GPs to discuss the shifting dynamics in private markets – from portfolio construction and co-investment strategies to policy-driven impacts on deal flow and leadership across the PE ecosystem. #WomensPrivateEquitySummit #ClearlakeCapital #PrivateMarkets #Leadership

From winners and losers in the AI disruption to Clearlake's 20th anniversary - and even what sports and software investing have in common - our Co-Founder and Managing Partner, José E. Feliciano covered a wide range of topics in conversation with MK Flynn at this week's PEI NEXUS conference. Clearlake has been “very disciplined throughout the cycle. We only invested in those higher multiple companies when we saw there was a true moat around those companies - essentially in companies that are pretty much AI-native," said Feliciano. Read more here: ow.ly/1f9o50YmBhL #PEINEXUS

Employees from our LA office came together to ride in Cycle for Survival – and what an incredible impact they made! Clearlake’s team was the third-largest fundraising team at the West LA event, raising an impressive $45,000 to support research for rare cancers. We’re so proud of this team’s energy, commitment, and heart. Go Team Clearlake!!

Gordon Neilly, Managing Director, Head of European Credit, recently spoke with Global Capital on European private credit lenders’ sharpened focus on credit quality amid recent defaults. “Our emphasis is on cashflow lending, and we are beginning to see an increase in deals that are well suited to our client base,” said Gordon Neilly, head of credit Europe at Clearlake Credit. Read more here: ow.ly/EHC250YbVFA

Congratulations to Ben Kruger, Managing Director, on being named to Private Funds CFO’s 2026 New Faces of Finance list, which recognizes financial professionals under 40 who are making a meaningful impact on the private markets industry. Not only is Ben an integral member of the investment team, Ben has co-led transactions including Constant Contact, Prime Source, and Crash Champions, and plays an important role in training and mentoring Clearlake's junior team members. Bravo Ben! Read the full list here: privatefundscfo.com/meet-the-new-f…

We recently had the pleasure of hosting approximately 25 Alternatives Fellows from SEO, a nonprofit dedicated to building pathways for high-achieving, diverse talent in finance. As a longtime SEO sponsor, our Co-Founder and Managing Partner, José E. Feliciano opened the day by discussing Clearlake's history and culture. Our team then led case studies on recent deals, followed by a panel exploring the culture and professional opportunities in the private equity industry. Proud to continue our long-standing partnership with SEO and to invest in the next generation of talent entering alternative investments.

In a recent conversation with Bloomberg, James Pade, Partner and Managing Director, discussed the intensifying competition between private credit and banks and the advantage of credit platforms that combine private and liquid capabilities – among the many solutions offered by Clearlake Credit. Read more here: ow.ly/Z7nf50XLGwM

Happy Holidays from all of us at Clearlake. Thank you to our investors, partners, portfolio companies, and colleagues for your trust and collaboration throughout the year. We look forward to building on our momentum and driving continued growth together in 2026. Wishing you a joyful and restful holiday season.

Reflecting on 2025, Building for 2026 What does it take to thrive through market cycles? For us, 2025 provided an answer – a year defined by global expansion, new partnerships, and the continued integration of our equity and credit platforms. Highlights include the acquisition of MV Credit, the launch of Clearlake Credit, continued growth across our portfolio of 40+ platforms, and the pending acquisition of Pathway Capital Management. As we enter our 20th year in 2026, our mission remains the same: to build enduring businesses through discipline, creativity, and conviction. Explore our 2025 successes below ⬇️ #ClearlakeCapital #PrivateEquity #PrivateCredit #CLOs #AlternativeInvestments #PrivateMarkets

Rafael Calvo, Managing Director and Head of Private Credit Portfolio Management, Europe, recently spoke with Alternative Credit Council’s for their annual report, Financing the Economy. The report digs into the continued growth of the private credit market and how it is demonstrating resilience as a core allocation in institutional portfolios. Read more here. ow.ly/v9ti50XGAap

We’re proud to share that Clearlake Credit has been awarded Junior Lender of the Year for 2025 by Alternative Credit Investor. Congratulations to all of the honorees, and thank you to our clients for their continued trust and partnership. Rafael Calvo, Nicolas Escribano, Guy Israel, Malek Ghali, Helene Barikmo, Carole Lambilliotte, Francois Decoeur, Emmanuel Petter, Devanshi Lahiri, Freya Field

Clearlake Exits its Investment in Concert Golf Partners We are pleased to announce the exit of our investment in Concert Golf Partners. Since investing in Concert Golf in March 2022, Clearlake leveraged its O.P.S.® framework to drive accelerated growth and transformation, doubling both revenue and profitability. A new investment from Bain Capital will support the Company’s continued growth. José E. Feliciano, Co-Founder and Managing Partner, and Arta Tabaee, Partner and Managing Director, said: “Our partnership with Concert Golf exemplifies the power of our sector-focused flexible investment strategy combined with our O.P.S.® approach in creating meaningful value. We are proud of what the team accomplished during our partnership and believe the Company is well-positioned for its next stage of growth.” Thank you to CEO Peter Nanula and team, wishing them continued success. Read more here: ow.ly/kEGx50XsWHN

We’re expanding our platform. Clearlake has entered into a definitive agreement to acquire Pathway Capital Management, a global provider of private market solutions for institutional and wealth markets. This strategic acquisition broadens our reach across private credit, secondaries, and co-investments - driving greater scale, diversification, and new opportunities for institutional and individual investors. José E. Feliciano and Behdad Eghbali, Co-Founders and Managing Partners, said: “We are thrilled to welcome Pathway to the Clearlake family as we further expand our leadership in alternative investments. This partnership is designed to drive performance and deliver enhanced outcomes for clients across market cycles. Pathway’s long-standing track record and global reach complement our platform, and together we can offer broader access, deeper insights, and more tailored solutions — helping investors achieve better outcomes in an increasingly complex alternatives landscape.” Read more: ow.ly/UQvh50Xqusg

Employees from our Santa Monica office, Jordan Runnells, Matt Phair, Ally Kracoff, Grace Lin, Charlye Sweeney, and Sam Brittingham, recently came together to participate in the Westside Food Bank’s Hunger Walk. Clearlake’s Impact Initiative was a proud sponsor and was named a top fundraising team helping to support those facing hunger across Los Angeles County.

We’re honored to be recognized once again on Inc. Magazine’s Founder-Friendly Investors list. We remain committed to empowering founder-led companies to reach their next stage of growth through strategic capital and our O.P.S. framework, designed to drive long-term value. Read more here: inc.com/founder-friend…

We’re proud to sponsor the Network for Teaching Entrepreneurship (NFTE) Charity Golf Event this past weekend. @NFTE is a global non-profit that supports entrepreneurship and builds startup skills to empower under-resourced students. Huge thanks to our Santa Monica team members - Austin Meek, Grace Kang, Ignacio Hidalgo, Veronica Song, Stefani Feldman, Shalini Bala Subramaniam, Seamus FitzPatrick, Dom DeNiro, and Bryan Crowley - for participating in this impactful day!

Recently, women from our investment team came together for a Synergist Network event in Los Angeles where they shared ideas on professional development across private equity. Clearlake is a proud sponsor of the Synergist Network and our very own, Darien Lee is Co-President of the LA chapter, which focuses on connecting women in the first decade of their investing careers to provide them with the infrastructure, network, and business acumen critical for long-term success.

Last Friday, employees from our Santa Monica office came together at Westside Food Bank to pack over 275 Thanksgiving Food Kits. We're proud to support Westside's mission to end hunger in our communities. A big thank you to everyone who participated—your dedication makes a difference!

Last week, we hosted our Annual General Meeting in Los Angeles, bringing together hundreds of investors from 13 countries alongside portfolio company leaders, partners, and colleagues from around the world. Over two days of dynamic discussions, José E. Feliciano and Behdad Eghbali, along with our investment and O.P.S.® teams, shared insights on the opportunities shaping our investment pipeline, how we’re leveraging AI to accelerate value creation across the portfolio, and our perspectives on today's rapidly evolving macroeconomic landscape. The conversations also highlighted the growing momentum across private and liquid credit, anchored by the launch of our $30 billion credit platform, Clearlake Credit, expanding our ability to deliver value across one of the most compelling areas of the market. -“Periods of uncertainty have always been when we’ve uncovered our greatest opportunities and made our most successful investments,” said José E. Feliciano, Co-Founder and Managing Partner. -“By embedding AI into core operations, we’re not just improving performance – we’re redefining what’s possible in how we scale, create value, and deliver results for our investors,” added Behdad Eghbali, Co-Founder and Managing Partner. We were honored to hear from guest speakers Ginni Rometty and Tom Brady who offered powerful reflections on leadership, teamwork, and resilience. A sincere thank you to our investors and partners for your continued trust and support over the past 19 years. Together, we're building on a strong foundation and looking ahead to an even more transformative future. #Clearlake #AGM2025 #PrivateEquity #ClearlakeCredit