Clearlake Capital Group has agreed to accumulate Pathway Capital Administration, a world supplier of personal market options for institutional and wealth purchasers.
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Clearlake, which manages $185bn (£140.9bn) in different belongings, stated the deal would develop its non-public markets platform, significantly its credit score origination capabilities, and broaden its distribution throughout institutional and personal wealth channels.
“We’re thrilled to welcome Pathway to the Clearlake household as we additional develop our management in different investments,” stated José E. Feliciano and Behdad Eghbali, co-founders and managing companions at Clearlake. “This partnership is designed to drive efficiency and ship enhanced outcomes for purchasers throughout market cycles.”
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Pathway at the moment manages greater than $95bn in belongings, offering entry to personal fairness, non-public credit score, infrastructure, secondaries and co-investments.
“After greater than a decade of investing with the Clearlake group, we’re excited to affix a world-class different asset supervisor,” stated Pathway’s James Chambliss, Richard Mazer and Alex Casbolt. “Pathway has at all times been targeted on delivering progressive options to our purchasers, and we’ll now convey our experience to an excellent broader shopper base via Clearlake’s non-public markets platform.”
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The transaction is anticipated to finish within the first quarter of 2026, topic to regulatory approval.