Clearlake Capital Launches Private Wealth Platform to Expand Access to Private Markets

Clearlake Capital Group has launched Clearlake Private Wealth, a dedicated platform designed to broaden access to private market strategies for individual investors and advisors. By introducing a new interval fund, the firm is bridging the gap between institutional-grade private equity and the wealth management channel, reflecting a significant shift in how alternative assets are distributed.

What was announced

Clearlake Private Wealth is a new platform intended to provide financial advisors, Registered Investment Advisers (RIAs), and private investors with institutional-quality private markets exposure. The platform’s inaugural offering is the Clearlake Private Markets Fund, a non-diversified, closed-end interval fund registered under the Investment Company Act of 1940. This vehicle is expected to become available to investors in the first quarter of 2027.

The Fund aims to provide a single point of entry for LP-led secondaries, GP-led secondaries, and co-investments. By leveraging the expertise of Pathway Capital Management, a division of Clearlake, the strategy seeks to offer exposure to high-conviction portfolio companies. Notably, the co-investment component is designed to provide exposure with historically no management fee or carry at the underlying GP level. The strategy is built to provide intentional diversification across GPs, vintages, and strategies, while seeking to mitigate the J-Curve effect often associated with private equity investing.

To accommodate the specific needs of the private wealth channel, the Fund includes investor-friendly administrative features such as Form 1099 tax reporting. To address the inherent illiquidity of private markets, the Fund intends to make semi-annual repurchase offers of 5% of its outstanding shares, providing periodic limited liquidity. As of June 30, 2026, Clearlake and Pathway managed over $185 billion in assets, drawing on a 20-year history of investing across private equity, private credit, and liquid credit.

"We believe that demand from private wealth investors for institutional-quality access to private markets has never been stronger, and that secondaries and co-investments are becoming essential building blocks of a well-diversified alternatives portfolio,"

José E. Feliciano and Behdad Eghbali, Co-Founders and Managing Partners at Clearlake.

The companies involved

Clearlake Capital Group is a global investment firm that manages integrated platforms across private equity, private credit, liquid credit, and private market solutions. Founded by José E. Feliciano and Behdad Eghbali, the firm has established a significant footprint in the alternatives space, overseeing more than $185 billion in assets under management. The firm is known for its disciplined investment process and its focus on sectors where it can apply its proprietary operational improvement approach.

Pathway Capital Management LLC, which operates as a division of Clearlake, brings specialized expertise in private market solutions, including secondaries and co-investments. Pathway has a long-standing history in the institutional market, providing sophisticated investors with access to diversified private equity and credit portfolios. By integrating Pathway’s capabilities into the new Private Wealth platform, Clearlake is positioning itself to compete in the rapidly growing retail-facing alternatives market, where RIAs and high-net-worth individuals are increasingly seeking the diversification and return profiles traditionally reserved for large pension funds and endowments.

What FF News has reported before

FF News has followed Clearlake Capital Group’s recent efforts to integrate advanced technology across its extensive portfolio. In September 2026, the firm announced it would Partner With Google Cloud to Drive Enterprise AI Adoption Across Portfolio. This followed a similar move in August 2026, when OpenAI and Clearlake Capital Partnered to Drive AI Adoption Across 50+ Portfolio Companies.

Earlier that summer, the firm sought to enhance its internal capabilities, as seen when Clearlake Capital Partners with Databricks and West Monroe to Revolutionize AI-Enabled Investing. Beyond technology partnerships, FF News also covered leadership changes within its portfolio, such as when Clearlake-Backed Confluence Technologies Appointed FinTech Veteran Spiros Giannaros as Chief Executive Officer in late 2025.

What this means

This move highlights the accelerating "retailization" of private markets, as large-scale managers look beyond institutional capital to fuel growth. By utilizing a 1940 Act interval fund structure, Clearlake is addressing the primary barriers to entry for the wealth channel: liquidity and tax complexity. However, this shift puts significant pressure on traditional mutual fund providers and wealth managers to justify fees as institutional-grade products become more accessible. The success of such platforms will likely depend on whether the secondary market can maintain its pricing discipline as a wave of new capital enters the space. It remains to be seen if the interval fund structure can truly satisfy the liquidity expectations of private investors during periods of market volatility.