Clearlake
Clearlake is a private equity and credit asset manager for institutional investors.
Analyst Perspective
Clearlake Capital Group, L.P. is a private alternative asset manager focused on private equity and credit. The firm raises capital from institutional limited partners and deploys that capital through sector-focused investment platforms, with a stated emphasis on operational improvement and value creation across portfolio companies. Its public materials show substantial scale, including more than $185 billion in assets under management and multiple large flagship fund closes through June 2026. Clearlake generates revenue primarily from recurring management fees on committed or managed capital and from carried interest tied to realised investment performance. Its customers are institutional investors such as pension funds, endowments, sovereign entities, family offices, and other professional allocators seeking exposure to private market strategies. The firm creates value by sourcing acquisitions, improving portfolio company performance, supporting growth and consolidation, and exiting investments through sales, recapitalisations, or public listings.
Analyst Signal Briefing
Updated: 2 Jul 2026Clearlake Capital Group has expanded its credit platform through the acquisition of MV Credit, increasing its assets under management to $90 billion. Portfolio companies Quest Software and ModMed have prioritised inorganic growth through the acquisitions of Anetac and Bonsai Health, specifically targeting advancements in agentic AI and patient engagement. Additionally, the firm has facilitated several senior leadership transitions, appointing new Chief Executive Officers at United Site Services and symplr to oversee the next phase of operational development across its diversified portfolio.
Explorer Tier
Start exploring for free
Start with public company intelligence. Save companies, build your first watchlist, and unlock deeper strategic insights when you are ready.
- View public Company Profiles
- Save/watch companies
- Build your first Watchlist
- Access additional market signals
Key insights about Clearlake
Category Differentiation
This is a private equity and credit asset manager, not a software vendor, adtech company, or operating business. It invests in and manages portfolio companies rather than selling enterprise applications directly.
Clearlake: About
Clearlake operates a fund management model. It forms investment vehicles, raises commitments from institutional limited partners, allocates capital into private equity and credit opportunities, and manages those assets over a multi-year holding period. Value is created through disciplined deal sourcing, sector specialisation, operational improvement, add-on acquisitions, capital structure optimisation, and eventual exits. The business combines annuity-like fee income with performance-linked upside from successful realisations.
How Clearlake Works & Monetises
Business model analysis and core revenue streams
The firm monetises through management fees charged on assets under management or committed capital, plus performance-based carried interest earned when investments generate returns above required thresholds. Additional economic value is realised through portfolio company exits, dividend recapitalisations, refinancing events, and appreciation in underlying asset value across buyout, credit, and opportunistic strategies.
Revenue Channels
Clearlake: Key Subsidiaries & Acquisitions
- Analyze Profile →
SMB marketing software for email, SMS, CRM and automation.
- Analyze Profile →
Portfolio of hosting, domain and website software brands.
- Analyze Profile →
Enterprise DevOps and developer tools software provider.
- Analyze Profile →
K-12 digital curriculum and classroom software platform.
- Analyze Profile →
Business data and analytics platform for sales, risk and compliance.
Recent Signals (Clearlake)
Clearlake-backed Quest Software Acquires Anetac to Advance Identity Security for the Agentic AI Era
Clearlake Capital Group announces that its portfolio company Quest Software has acquired Anetac, enhancing identity security for the agentic AI era.
Read original sourceClearlake-backed Quest Software Acquires Anetac to Advance Identity Security for the Agentic AI Era
Quest Software, backed by Clearlake Capital, has acquired Anetac to enhance identity security solutions for the emerging agentic AI era.
Read original sourceClearlake-backed Quest Software Acquires Anetac to Advance Identity Security for the Agentic AI Era
Clearlake-backed Quest Software Acquires Anetac to Advance Identity Security for the Agentic AI Era
Read original sourceClearlake: Frequently Asked Questions
What is Clearlake?
Clearlake is a private alternative asset manager focused on private equity and credit investment strategies.
Who uses Clearlake?
Clearlake is used by institutional investors and other professional limited partners allocating capital to private market funds.
How does Clearlake make money?
Clearlake earns management fees on assets under management and carried interest from realised investment returns.
Company Facts
- Founded
- 2006
- Headquarters
- United States
- Official Link
- clearlake.com
