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Recognized as one of the most active and highly regarded investment management practices in the United States, our group represents all types of asset managers across the liquidity spectrum, including private equity funds, credit funds, hedge funds, venture capital funds, real estate funds, hybrid funds and family offices. We have successfully raised hundreds of billions of dollars for our clients, who benefit from our extensive market knowledge, industry-leading networking events and strong relationships with all major market participants.
Clearlake Opportunities Partners III Fund Closes With $2.5 Billion in Commitments
- Client News
- September 20, 2022
Paul, Weiss advised Clearlake Capital Group in the formation of the Clearlake Opportunities Partners III fund (COP III), which held its final closing with $2.5 billion in commitments. The fund was oversubscribed and exceeded its $1.5 billion target with support from existing and new limited partners. Limited partners include institutional investors from Asia, Europe and North America representing a diverse group of public and corporate pension funds, sovereign wealth funds, insurance companies, foundations and endowments, and family offices.
COP III is Clearlake’s third fund in its flagship private equity-style credit fund series and will continue Clearlake's flexible investment strategy of investing in non-control special situations investments with a sector-focused approach targeting investments in technology, industrial and consumer businesses.
Paul, Weiss also recently advised Clearlake in its acquisition of Chelsea Football Club, a professional football club that competes in the Premier League, the top division of English football, as part of a consortium of investors co-led by COP III and Todd Boehly, Chairman and CEO of Eldridge.
The Paul, Weiss team included corporate partners Matthew Goldstein, Marco Masotti and Aaron Schlaphoff; tax partners Robert Killip and Patrick Karsnitz; and executive compensation counsel Jake Glazeski.