Clearlake Launches Private Wealth Platform, Plans Interval Fund

Clearlake Capital Group has launched Clearlake Private Wealth, a platform aimed at expanding access to private markets for financial advisors, registered investment advisors and individual investors.

Its first offering, the Clearlake Private Markets Fund, is expected to be available in the first quarter of 2027. The non-diversified, closed-end interval fund will provide access to the private markets platform and secondary and co-investment capabilities of Clearlake and its Pathway Capital Management division.

The fund will pursue limited partner-led secondaries, general partner-led secondaries and co-investments through a single vehicle. The strategy seeks diversification across investment managers, fund vintages and strategies. Clearlake also aims to mitigate the J-curve, the pattern of early negative returns that can precede gains in private markets investments.

“We believe that demand from private wealth investors for institutional-quality access to private markets has never been stronger, and that secondaries and co-investments are becoming essential building blocks of a well-diversified alternatives portfolio,” said José E. Feliciano and Behdad Eghbali, Clearlake’s co-founders and managing partners.

The fund is expected to provide Form 1099 tax reporting and conduct semiannual repurchase offers covering 5% of its outstanding shares.

Clearlake oversees more than $185 billion in assets under management as of June 30.