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Clearlake Capital Celebrates 50% Returns Amid 31,000 Company Backlog

12/25/2025

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Summary

Story summary

In May 2022, clients of Clearlake Capital met at a California resort to celebrate the firm's performance, including a fund with a 50% average annual return.
The firm attributes its success to selling companies between its own investment funds, known as continuation vehicles.
Deal activity increased toward the end of the year but did not significantly reduce a backlog of over 31,000 unsold companies.

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Story summary

In May 2022, clients of Clearlake Capital met at a California resort to celebrate the firm's performance, including a fund with a 50% average annual return.
The firm attributes its success to selling companies between its own investment funds, known as continuation vehicles.
Deal activity increased toward the end of the year but did not significantly reduce a backlog of over 31,000 unsold companies.