In 2022, Clearlake closed Clearlake Capital Partners VII at $14.1b, our largest control fund, to date, and Clearlake Opportunities Partners III at $2.5b, our largest non-control fund, to date. We finished the year with 11 new portfolio company platforms, 37 add-ons to existing portfolio companies and 5 realizations.
Clearlake’s flexible mandate enables us to invest across different economic cycles and in a variety of situations, including control private equity, transformative M&A, carve-outs, special situations, structured equity, and credit/distressed. Clearlake’s flexibility and experience allows us to take advantage of evolving market conditions.
It is gratifying to have the support of such a large group of global investors. We thank you for your support and look forward to your continued partnership.