Clearlake Capital has launched a private wealth platform to extend its alternative investment strategies to high-net-worth individuals.

Clearlake Private Wealth is designed to serve financial advisers, registered investment advisers and private investors seeking exposure to private markets alongside institutional investors.

The firm said the launch comes as private wealth investors increasingly seek access to private markets and the secondary market.

The platform builds on Clearlake’s track record of investing across private equity, private credit, liquid credit and private market solutions, with more than $185bn (£137.6bn) in assets under management, the firm said.

Read more: Clearlake grows liquid credit platform with LCM CLO deal 

“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,” said José E. Feliciano and Behdad Eghbali, co-founders and managing partners at Clearlake.

Alongside the platform, Clearlake has launched the Clearlake Private Markets Fund, a closed-ended interval fund, as the platform’s first offering. It will give investors access to limited partner-led secondaries, general partner-led secondaries and co-investments through a single investment.

The fund is expected to be available to investors in the first quarter of 2027. It will offer Form 1099 tax reporting and make twice-yearly repurchase offers of five per cent of its outstanding shares, giving investors periodic limited liquidity.

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“Clearlake Private Wealth and the fund are expected to bring the same experience, relationships, and investment discipline we’ve provided institutional investors for two decades directly to a broader set of clients, in a structure purpose-built for the private wealth market,” added Feliciano and Eghbali.

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