Clearlake Capital Group, L.P. has closed its eighth flagship private equity fund, Clearlake Capital Partners VIII, with US$14.8 billion in capital commitments from nearly 300 institutional investors across 35 countries, at its headquarters in Santa Monica, California, to invest in AI-driven transformation and sector-focused opportunities. 

The fundraising was completed in a challenging and highly competitive private markets environment, highlighting strong investor confidence in Clearlake's sector-focused investment strategy, integrated platform, and consistent track record of value creation across market cycles. The fund attracted commitments from nearly 300 existing and new institutional investors spanning six continents and 35 countries, underscoring broad global support for the firm's disciplined investment approach and long-term performance.

Fund VIII has already started investing in companies that align with Clearlake's sector-focused strategy and its emphasis on AI-driven transformation. Through its Clearlake AI Labs and collaborations with external AI partners, the firm supports portfolio companies in implementing AI-powered initiatives across operations, product innovation, customer engagement, and strategic decision-making. Recent investments, including Dun & Bradstreet, Qualus, and ModMed, demonstrate Clearlake's commitment to backing businesses that are well-positioned to capitalize on technology-led transformation and sustained long-term growth.

The successful close follows a period of strong portfolio activity and value realization, with Clearlake generating approximately US$22 billion in realizations over the past five years through investments such as Concert Golf Partners, Brightly, Janus International Group, and Team Technologies. These exits highlight the firm's ability to execute its investment strategy and deliver liquidity to investors across different market conditions.

Evercore Private Funds Group served as the lead fundraising adviser and global placement agent for Fund VIII, while Kirkland & Ellis LLP acted as legal counsel to the fund.