Clearlake Raises $879M for Latest Fund, Targets $1.4B
June 25, 2015
According to a recent SEC filing, Clearlake Capital Group has successfully raised over $879 million for its latest vehicle, Clearlake Capital Partners IV. With Park Hill Group serving as a placement agent, Clearlake still intends to raise nearly $499 million in additional commitments to reach the fund's $1.38 billion target. Clearlake Capital Partners III closed on $785 million in early 2013 and had generated an IRR of more than 19% as of March 31.