Maples Group Advises Clearlake Capital on US$14.8 Billion Eighth Flagship Fund

The Maples Group is pleased to have advised Clearlake Capital Group, L.P. (“Clearlake”) on the Cayman Islands legal aspects of the successful close of its eighth flagship fund, Clearlake Capital Partners VIII (“Fund VIII”), alongside related co-investment vehicles and separately managed accounts. Together, these vehicles represent US$14.8 billion of capital commitments.

Clearlake is a global investment firm managing integrated platforms spanning private equity, liquid and private credit, and other related strategies. Fund VIII will support Clearlake’s continued sector-focused investment strategy, with a focus on opportunities created by AI-driven transformation and other long-term trends across its target sectors.

A multi-disciplinary team of lawyers based in the Group’s Cayman Islands office acted as Cayman Islands counsel to Clearlake and was led by Funds & Investment Management Partners Patrick Rosenfeld and Christina Gordon, and Finance Partner Matthew St-Amour, with assistance from Associates Henry Matthys and Martynna Berry. Fiduciary Services Senior Vice President Alexander Kenny provided AML clearance support.

Commenting on the transaction, Patrick Rosenfeld said, “We are delighted to have assisted Clearlake on the successful close of Fund VIII. This significant fundraise reflects continued global investor demand for established private capital managers and underscores the strength of the Cayman Islands as a leading jurisdiction for large-scale private equity fund formations.”