On November 12, 2025, Clearlake Capital Group announced its agreement to acquire Pathway Capital Management.
Clearlake Capital Group (“Clearlake”) announced, on November 12, 2025, its agreement to acquire Pathway Capital Management (“Pathway”). Under the terms of the transaction, Pathway will retain its brand and operate independently. The transaction is expected to close in the first quarter of 2026. Further terms of the deal were not disclosed.
Clearlake, based in Santa Monica, California, is a registered investment advisor offering private equity and liquid and private credit services. Following the transaction, Clearlake will have approximately $185 billion in assets under management. Evercore and BofA Securities served as financial advisors to Clearlake on the transaction.
Pathway, based in Irvine, California, is a registered investment adviser providing private equity, private credit, infrastructure, secondaries and co-investments services. Pathway has approximately $95 billion in client assets. UBS Investment Bank served as financial advisor to Pathway.
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