Clearlake Capital Group Holds Final Closing of Clearlake Opportunities Partners II

Paul, Weiss represented Clearlake Capital Group, L.P. in connection with the fundraising and closing of Clearlake Opportunities Partners II. The fund focuses on non-control investments in middle market companies across Clearlake’s target sectors of software and technology-enabled services; industrials and energy; and consumer. The fund ultimately accepted commitments equal to its hard cap of $1.4 billion, exceeding its target size of $1 billion.  With this latest fund, Clearlake’s total assets under management are over $10 billion.  Clearlake is based in Santa Monica, California and was founded in 2006 with the assistance of the Paul, Weiss funds group.

The Paul, Weiss team included corporate partners Matthew Goldstein and Marco Masotti and counsel Philip Heimowitz; tax partner David Sicular and counsel Todd Hatcher; and employee benefits counsel Jason Ertel.