SANTA MONICA, CA, June 26, 2019 – Clearlake Capital Group, L.P. (“Clearlake”or the “Firm”), a leading private investment firm with a sector-focused approach, announced today it has completed fundraising for Clearlake Opportunities Partners II (the “Fund”or “COP II”) with $1.4 billion in commitments.

COP II was oversubscribed, reaching its hard cap. With this latest fund, Clearlake’s total assets under management are over $10 billion. The Fund includes a significant commitment from its general partner, and will make non-control investments in middle market companies across Clearlake’s target sectors of software and technology-enabled services; industrials and energy; and consumer. COP II has already begun investing, with the recently announced investment in Appriss Holdings, Inc.

“We want to thank all of the limited partners in COP II, who through their commitments have shown they believe in the proven Clearlake value creation model, our sector focus, and our flexible investment strategy,”said José E. Feliciano, Co-Founder and Managing Partner at Clearlake. “We believe our continued strategic focus, backed by our financial discipline, systematic approach to operational improvement, O.P.S.^®, and our cohesive team, provides our LPs with the partnership they seek, and we look forward to leveraging the Firm’s capabilities to deliver on our strategy.”

“We are pleased to bring the proven strategy of the Clearlake franchise to investors in COP II, and we thank our growing base of limited partners for their confidence,”said Behdad Eghbali, Co-Founder and Managing Partner at Clearlake. “The Clearlake team is uniquely positioned to execute COP II’s strategy alongside our flagship private equity control fund because of our deep sector expertise. We look forward to helping companies grow from the lower end of the middle market to the upper end with improving multiples, as we continue to demonstrate the power of the Clearlake platform.”

More than 40 different institutional investors are investors in COP II. Investors include public and corporate pension funds, sovereign wealth funds, insurance companies, foundations and endowments, and family offices.

In early 2018 Clearlake raised more than $3.6 billion for its latest flagship fund, Clearlake Capital Partners V, L.P., to make investments under its private equity control strategy.

Credit Suisse Securities (USA) LLC acted as advisor and exclusive placement agent for COP II, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal adviser for the Fund.