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Clearlake promotes fourFred Ebrahemi will also join the firm as general counsel and chief compliance officer
- Clearlake closes Fund III above hard-cap
The Los Angeles- and New York-based firm has raised more than $785m for Fund III, nearly twice the size of its $410m second fund that closed in 2010.
- Clearlake buys oil services business for $244m
The US special situations firm will make the investment from its Fund III, which blew past its hard-cap earlier this year to close on $785m.
- Clearlake buys watch retailer amid fundraise
The firm has sealed its sixth investment of 2012 by acquiring watch retailer Swiss Watch International. Clearlake is in the process of raising its third flagship fund, which has a $600m target.