Clearlake acquires Pathway in alts expansion

Clearlake Capital Group has agreed to acquire Pathway Capital Management, a global provider of private market solutions for institutional and wealth clients.

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Clearlake, which manages $185bn (£140.9bn) in alternative assets, said the deal would expand its private markets platform, particularly its credit origination capabilities, and broaden its distribution across institutional and private wealth channels.

“We are thrilled to welcome Pathway to the Clearlake family as we further expand our leadership in alternative investments,” said José E. Feliciano and Behdad Eghbali, co-founders and managing partners at Clearlake. “This partnership is designed to drive performance and deliver enhanced outcomes for clients across market cycles.”

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Pathway currently manages more than $95bn in assets, providing access to private equity, private credit, infrastructure, secondaries and co-investments.

“After more than a decade of investing with the Clearlake team, we are excited to join a world-class alternative asset manager,” said Pathway’s James Chambliss, Richard Mazer and Alex Casbolt. “Pathway has always been focused on delivering innovative solutions to our clients, and we will now bring our expertise to an even broader client base through Clearlake’s private markets platform.”

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The transaction is expected to complete in the first quarter of 2026, subject to regulatory approval.