Behdad Eghbali General Information. Some of the largest pension funds in the US, actually the largest, asked us if they could go invest. What Gerry has done, Ian you guys have done, you've bought well you're going to make money on a specific investment. Standard Digital includes access to a wealth of global news, analysis and expert opinion. [15] In 2016 Clearlake, took a controlling stake in Vision Solutions. Chelsea are holding a new round of talks over their 1.5 billion stadium project as the Todd Boehly-Clearlake Capital owners inch closer to a decision that will shape the club's future. By staff-author. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. +1 845-507-0571 We are also pleased to recognize the tremendous talent at all levels of the firm. By clearlakeAdm20 We think there's a market for it and we think there's a market to afford LPs the ability to exit and others to step in and to have a long-duration vehicle to keep these assets. All Rights Reserved. Prior to Clearlake, Eghbali worked in private equity for TPG Capital for several years. Clearly, our approach was, it so happened because of a global conflict Chelsea was available and we thought we'd start with that. NFL: Jose Feliciano, Kwanza Jones 'weighing a bid' for Denver Broncos These cookies will be stored in your browser only with your consent. [15] In 2017, Clearlake sold both companies to Centerbridge Partners for $1.26 billion and were merged. We look at some of the US sports leagues and teams and NFL, NBA, NFL is profitable but there are revenue multiples at 5,6,7, 8, 10. I would say, we think winning and a good product on the pitch and commercial success go hand in hand. These things are generally not well-managed. We've done about 9 billion of it in the past 18 months. Reflects change since 5 pm ET of prior trading day. Using a sector-focused approach, Clearlake seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlakes operational transformation approach. On this Wikipedia the language links are at the top of the page across from the article title. Donald Trumps real net worth? This website uses cookies to improve your experience while you navigate through the website. The award, which is focused on consortiums in Europe, the Middle East and Africa, was given this week, confirmed by the Clearlake Capital Group on Twitter. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. You've got to win. The question is how do you run these more effectively, how do you control salary cost. cookies We think there's a path to controlling labour costs and still producing a winning product using data, using the multi club. For cost savings, you can change your plan at any time online in the Settings & Account section. Mr. Eghbali co-founded Clearlake in 2006. Sports have multiple folks, institutions, and individuals who are interested. Europe, Menlo Park, China), Where the person is located (e.g. Clearlake was founded by Jose Feliciano and Behdad Eghbali in 2006 and manages $8 billion of assets. More information is available atwww.clearlakedev.wpengine.com. Mr. Behdad Eghbali is a Co-Founder & serves as Managing Partner at Clearlake Capital Group. Behdad Eghbali and Jos Feliciano, the newly minted billionaire founders of Clearlake Capital Group in Santa Monica, are collecting new industries at a head-turning speed. I think three different reasons for it. Three, for an AC Milan or Chelsea it's the perfect pathway of developing talent whereby you don't have to spend crazy money on payroll. We want to make sure you get the most out of our platform. Jose E. Feliciano - Forbes Clearlake Capital earlier this year led a consortium of investors in the purchase of Chelsea . PDF Clearlake Capital Partners VII, L.P. - Pennsylvania Public School As investment banks and hedge funds struggle, private equitya business predicated upon raising capital subject to long-term lock-ups to invest in assets using large amounts of leverageis enjoying go-go times. Despite the pandemic, multibillion-dollar fortunes are still being minted in America. "We thank everyone for their ongoing support, and congratulate our team members . They are looking to invest in the Broncos personally. He is responsible for Clearlake internal IT systems and also assists Clearlake portfolio companies in the implementation ofO.P.S.initiatives in the IT infrastructure and architecture areas, including cybersecurity, DevOps, business applications, and cloud operations. [10], In June 2020, Clearlake acquired a majority interest in WhiteStar Asset Management from Pine Brook Road Partners. Donald Trumps real net worth? Eghbali spent a great deal of time working across Europe with Boehly in the summer transfer market, and held meetings with directors of some of the world's biggest clubs in his role. He has six scouts, no data and using some of the data points we know of the good sports teams of any league here there are 20-30 data analysts and wie use of data. Clearlake is led by Jos E. Feliciano and Behdad Eghbali, who have together built a team of investment professionals with a blend of sector and product capabilities through a history of long-term strategic partnerships with management to transform and grow companies. Clearlake Capital make Chelsea infrastructure promise to ensure on Notwithstanding some of the exceptions like Fenway Group, most of the teams are not operated efficiently and professionally and that presents a pretty good opportunity. How Scott Boras Used Baseballs No-Shift Rule To Get Pay Raises For Underachieving Clients, Manchester City Ready To Sell Bernardo Silva To FC Barcelona And Name Asking Price - Reports, FC Barcelona And Real Madrid Presidents Met To Discuss European Super League Strategy Before El Clasico - Reports, Xavi And Laporta Clash On Raphinha Summer Sale By FC Barcelona - Reports, Friday, March 3. I think a couple of teams in Spain do and they're vocal about it and everyone else doesn't want to go there. personalising content and ads, providing social media features and to While rediscovering the joy of riding mountain bikes. Even they've made money on it. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlakes operational improvement approach, O.P.S. The firms core target sectors are technology, industrials, and consumer. Roman Abramovich had put the club up for sale after being sanctioned over alleged links to Russian president Vladimir Putin after his country's attack on Ukraine. You have to have a good product to generate sponsors for the content to work. Behdad Eghbali - Biography - MarketScreener.com Behdad Eghbali, the Iranian-born manager of Clearlake Capital has recently followed in the footsteps of Elon Musk and invested in property in one of Los Angeles' most exclusive neighborhoods. Chelsea FC sold for $7.4 billion: Clearlake Capital, the little-known American private equity firm based in Santa Monica, "Clearlake Capital hits fundraising trail minus a founder | Buyouts", "Clearlake, the US buyout group behind the Chelsea bid", "Clearlake Capital Wraps Up Latest Fund With $14.1 Billion", "Clearlake Follows Its Chelsea Deal With A $14.1 Billion Buyout Fund", "Wall Street Brings Its Financial Engineering to English Football", "Consortium led by Todd Boehly and Clearlake Capital completes acquisition of Chelsea Football Club", "The Fall and Rise of a Plus-Size Empire", "Clearlake Capital sells 20% stake to 3 alternatives fund managers", "Clearlake Attracts Minority Investment From Dyal, Goldman, Landmark", "Clearlake Capital purchases majority stake in WhiteStar Asset Management", "Clearlake Capital closes Clearlake Opportunities Partners III with more than $2.5 billion in commitments", "Clearlake Capital closes seventh flagship private equity fund with more than $14.1 billion in commitments", "Clearlake Re-Acquires Precisely In $3.5 Billion Deal", "Two private equity firms take control of U.S. software company Precisely in $3.5 billion deal: source", "Clearlake Capital to take Cornerstone OnDemand private for $3.8 billion", "In $5.2B deal, Cornerstone OnDemand goes private | TechTarget", History of private equity and venture capital, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=Clearlake_Capital&oldid=1142736127, Financial services companies of the United States, Financial services companies established in 2006, Companies based in Santa Monica, California, Private equity firms of the United States, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 4 March 2023, at 02:37. He is involved in some of Clearlakes recent investments such as Janus. Blicksilver PR Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Photo Illustration by Cora Veltman, Paul Spinelli via AP. Feliciano, who was born in Puerto Rico, is on the board of trustees of Stanford University and the Smithsonian National Museum of the American Latino. We looked at it and we think European sports is probably 20 years behind US sports in terms of sophistication on the commercial side, and sophistication on the data side. The growth of Clearlakes differentiated alternative investment platform and our proprietary approach to operational improvement,O.P.S., is supported and enhanced every day by their dedication and hard work.. Based in Santa Monica, California, Clearlake's team consists of over 80 professionals, including 35 investment professionals.1 Clearlake has been a Registered Investment Adviser with the Clearlake Capital Group Closes Clearlake Opportunities Partners Ii at Leaders of Influence: Private Equity, Investors & Advisors 2022 +1 732-433-5200 $2.5 billion, according to our most recent tally. Shalini Bala Subramaniam, Managing Director Prior to joining Clearlake, Ms. Bala Subramaniam was a Managing Director in the Financial Sponsors Group at Deutsche Bank, and prior to that, she was an Analyst in the Equity Capital Markets & Financial Sponsors Group at Bank of America. About; . Ultimately, if you're investing capital into a training facility, an academy, a stadium, if you're improving the team you're going to have a lot of public support and I think there are a lot of untapped niche markets that are avidly supportive of the teams. The American billionaire and his co-controlling owner Behdad Eghbali are determined for the club to have one of the greatest stadiums on the planet by 2030.