In this edition of The Clearlake View, we look at how Clearlake is seeking to turn innovation into value creation. We highlight new partnerships with OpenAI, Databricks, Google Cloud, and Anthropic, alongside Clearlake’s continued focus on combining sector expertise, flexible capital, and hands-on partnership to drive growth across the portfolio.

We also hear from Paul Huber on Clearlake’s healthcare IT investment strategy and Rafael Calvo following IPEM Global Paris, alongside recent developments from across the portfolio.

AI at Clearlake: Driving AI Adoption Across the Portfolio

Clearlake is expanding its AI ecosystem through strategic partnerships with major technology firms, helping accelerate AI adoption across its 50+ portfolio companies.

Through Clearlake AI Labs and the firm’s O.P.S.® approach, these partnerships provide portfolio companies with access to leading AI models, data and infrastructure, alongside operational support to identify high-impact use cases and accelerate implementation.

Q&A: Healthcare IT and the Growing Potential of AI

Healthcare IT is entering a new era as AI reshapes clinical workflows, tackles persistent workforce pressures, and creates new opportunities for technology-enabled growth.

In our latest Q&A, Paul Huber, Partner & Managing Director, shares his perspective on where AI can have the greatest impact, how Clearlake approaches value creation across its healthcare IT portfolio, and what sets businesses up to thrive as the sector evolves.

Perspectives on the future of private credit portfolio management

At IPEM Global Paris, Rafael Calvo, Managing Director and Head of European Private Credit Portfolio Management, joined industry participants for a discussion on “Portfolio Management for the Future: Due Diligence, Data and Disclosure.”

The panel explored how transparency and data-driven portfolio management are reshaping manager selection and due diligence in today’s investment environment.

Colleagues from Clearlake and Pathway Capital Management were also on the ground in Paris, connecting with clients and industry participants from across the private markets ecosystem.

Key Takeaways

Transparency is becoming a differentiator:
LPs increasingly expect timely visibility into portfolio performance, credit quality, and risk, not just fund-level returns.

Better data should lead to better decisions:
AI and technology are helping managers bring together more information for underwriting and portfolio monitoring, with the aim of identifying risks earlier.

Highlights From Across the Portfolio

BeyondTrust and ModMed named to the 2026 Inc. 5000

Clearlake portfolio companies BeyondTrust and ModMed were both named to the 2026 Inc. 5000 for another year, recognizing their continued growth in cybersecurity and healthcare technology, respectively.

The annual list recognizes the fastest-growing private companies in America and reflects continued growth at two Clearlake portfolio companies operating in cybersecurity and healthcare technology.

FloWorks to be acquired by Ferguson for $1.6 billion

Wynnchurch Capital announced a definitive agreement to sell FloWorks International to Ferguson Enterprises in a cash transaction valuing the business at approximately $1.6 billion.

Clearlake retained a minority ownership interest in FloWorks following the Company’s sale to Wynnchurch in 2023.

Disclaimer: The information contained herein is intended for informational purposes only and is not investment advice. This material does not constitute an offer to sell, or the solicitation of any offer to purchase, an interest in any securities or investment funds managed by Clearlake or its affiliates. Any specific company listed or discussed is not intended to be representative of any or all companies purchased, sold, or recommended for Clearlake’s advisory clients.