Clearlake Capital has agreed to acquire Pathway Capital Management for approximately $1 billion, enhancing its assets under management significantly and expanding its investment capabilities.

Information on the Target

Clearlake Capital has announced its agreement to acquire Pathway Capital Management, a prominent investment manager based in Irvine. This acquisition is set to significantly bolster Clearlake's assets under management from $85 billion to approximately $185 billion. Pathway Capital Management is known for overseeing over $95 billion in private equity, private credit, and infrastructure investments.

Pathway is recognized for its strong relationships within the investment community and its focus on delivering tailored investment solutions to a diverse clientele. The management team at Pathway, comprising James Chambliss, Richard Mazer, and Alex Casbolt, will continue to lead the firm independently under its established brand post-acquisition.

Industry Overview in the Target’s Specific Country

The private equity and investment management landscape in the United States has witnessed considerable transformation in recent years. A marked increase in institutional investment has driven demand for diverse investment strategies, particularly