On May 29, 2018, Clearlake Capital Group L.P. announced a strategic minority investment by Dyal Capital Partners, Goldman Sachs Asset Management’s Petershill program, and Landmark Partners.
Dyal Capital Partners (“Dyal”) and Goldman Sachs Asset Management’s Petershill program (“Petershill”) will join existing partner Landmark Partners (“Landmark”) in providing permanent capital to Clearlake Capital Group L.P. (“Clearlake”) to increase Clearlake’s investment in its current funds and to support developing initiatives. Under the terms of the transaction, Dyal, Petershill, and Landmark will hold passive, non-voting minority stakes in Clearlake. The terms of the deal were not disclosed. Berkshire Capital Securities LLC served as financial advisor to Clearlake.
Clearlake is a private investment firm with a sector-focused approach. Its main focus sectors are industrials and energy, software and technology-enabled services, and consumer. It has managed over $7 billion of institutional capital since inception.
Dyal is a private equity firm that is a division of Neuberger Berman Group. Dyal focuses on acquiring minority equity interests in institutional alternative asset management businesses.
Petershill is a private equity fund under Goldman Sachs Alternative Investment & Manager Selection Group, which manages over $200 billion, providing manager diligence, portfolio construction, risk management, and liquidity solutions.
Landmark is an investment company that specializes in secondary market transactions in private equity, real estate and real asset investments, with approximately $25 billion in assets under management.
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