Clearlake Capital Partners VII’s $14.1 Billion Fundraising

Kirkland & Ellis advised Clearlake Capital Group on the deal.

Clearlake Capital Group, L.P. (Clearlake), an investment firm that focuses on technology, industrials, and consumer industries, announced its completion of fundraising for its seventh flagship private equity fund, Clearlake Capital Partners VII (Fund VII), with more than $14.1 billion in commitments. With an initial target of $10 billion, Fund VII reached its hard cap and was significantly oversubscribed including commitments from the General Partner and affiliates.

Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies.  With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer.

The Kirkland team was led by investment funds partner Nicole Washington (Picture), and included investment funds partners Steve Yoo, Nadia Murad and Michael Lee, investment funds regulatory partner Alpa Patel and tax partner Joel Peters-Fransen. The team also included tax partners Alec Campbell and Daniel Hiemer, employee benefits partner Erica Rozow, financial services regulatory partners Lisa Cawley and Colin Sharpsmith, government, regulatory & internal investigations partner Nick Niles, banking regulatory of counsel Julie Kunetka, investment funds associates Aura Gilham, Nicholas Styles, Katy Kim, Ted McBride, Lesedi Mbatha, Bree Prince, Divya Suwasini and Taylor Magnuson, and tax associates Erin Mitchell, Michael Alcan, Ally Nelson, Andrew Chan, Tobias Stuppi and Allison Bray.

Involved fees earner: Michael Alcan – Kirkland & Ellis; Allison Bray – Kirkland & Ellis; Alec Campbell – Kirkland & Ellis; Lisa Cawley – Kirkland & Ellis; Andrew Chan – Kirkland & Ellis; Aura Gilham – Kirkland & Ellis; Daniel Hiemer – Kirkland & Ellis; Katy Kim – Kirkland & Ellis; Julie Kunetka – Kirkland & Ellis; Michael Lee – Kirkland & Ellis; Taylor Magnuson – Kirkland & Ellis; Lesedi Mbatha – Kirkland & Ellis; Ted McBride – Kirkland & Ellis; Erin Mitchell – Kirkland & Ellis; Nadia Murad – Kirkland & Ellis; Ally Nelson – Kirkland & Ellis; Nick Niles – Kirkland & Ellis; Alpa Patel – Kirkland & Ellis; Joel Peters-Fransen – Kirkland & Ellis; Bree Prince – Kirkland & Ellis; Erica Rozow – Kirkland & Ellis; Colin Sharpsmith – Kirkland & Ellis; Tobias Stuppi – Kirkland & Ellis; Nicholas Styles – Kirkland & Ellis; Divya Suwasini – Kirkland & Ellis; Nicole Washington – Kirkland & Ellis; Steve Yoo – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Clearlake Capital Group, L.P.;