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NAIC Commends Investment Group for Recognizing Performance and Potential of Diverse-Owned Firms

NAIC Commends Investment Group for Recognizing Performance and Potential of Diverse-Owned Firms

WASHINGTON, June 4, 2018 – The National Association of Investment Companies (NAIC) congratulates Clearlake Capital Group and the investment group led by Dyal Capital Partners on the group’s recent acquisition of a minority stake in Clearlake Capital. This transaction exemplifies a clear recognition of the enormous success Clearlake Capital has achieved to date, and its potential for increased growth and outstanding investment returns.

Clearlake Capital Group is a leading private investment firm founded in 2006 that has managed approximately $7 billion of institutional capital since inception. The transaction marks the second investment in an NAIC member firm by Dyal Capital Partners. In 2015, a Dyal-led group completed an investment in Austin-based Vista Equity Partners. “These transactions illustrate the increasing realization of the growth and potential for increased success of diverse managers,” says Robert L. Greene, President & CEO of the NAIC. “We anticipate similar transactions ahead as these firms continue to beat benchmarks and generate alpha.”

In the Clearlake Capital transaction, the passive, non-voting minority stake will provide permanent capital to significantly increase the firm’s investments in its own funds and to support the development of initiatives that capitalize on the firm’s sector-focused approach coupled with its unique integration of private equity, special situations, and credit capabilities.

About the NAIC:
Based in Washington, DC, the National Association of Investment Companies (www.naicpe.com) was founded in 1971. Comprised of more than 50 member firms representing over $90 billion in assets under management, it is now the largest network of diverse-owned private equity firms and hedge funds in the United States.

MEDIA CONTACT:
Alan Hughes
917-993-3842
ahughes@naicpe.com

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