WhiteStar (Clearlake) Acquires Carlson Capital's Cathedral Lake CLOs

Clearlake Capital Acquires Majority Stake in WhiteStar Asset Management

June 24, 2020

Financial Services

Clearlake Capital Group has acquired a majority stake in WhiteStar Asset Management from Pine Brook Capital Partners, partnering with WhiteStar's management team led by CEO Gibran Mahmud. The deal expands Clearlake's credit platform—bringing combined assets under management to approximately $24 billion—and positions WhiteStar to accelerate growth in CLOs and credit strategies.

Clearview Capital Recapitalizes Capitol Services with Northstar Capital Financing

April 25, 2023

Professional Services

Clearview Capital (Funds IV & V) completed a recapitalization of Capitol Services, a tech-enabled provider of outsourced legal and compliance services headquartered in Austin, Texas, with the transaction closing on April 14, 2023. Northstar Capital provided junior debt and an equity co‑investment to help finance the deal; founders John Robinson and Cheryl Roberts retired while retaining minority stakes and transitioning leadership to the senior management team.

Sunstone Partners Acquires Majority Stake in Clearwater

September 30, 2025

Cybersecurity

Sunstone Partners, a growth-oriented private equity firm, has acquired majority ownership of Clearwater from Altaris, LLC and other existing shareholders. The investment will support Clearwater’s expansion of managed security, consulting, and software capabilities across the healthcare ecosystem and the defense industrial base (via its Redspin division).

Contour Ridge Makes Strategic Growth Investment in WhiteStar Corporation

June 17, 2021

Data & Analytics

Private equity firm Contour Ridge (via CR Sweetwater Fund I / Contour Ridge Sweetwater Investco LLC) has made a strategic growth investment to acquire a majority stake in WhiteStar Corporation, a Lakewood, Colorado-based GIS data and land-mapping software company. The capital will be used to accelerate commercialization and development of WhiteStar's proprietary geospatial data assets and AI-based land-mapping capabilities for real estate, energy & utilities, telecom and other infrastructure markets; terms were not disclosed.

Eagle Creek Renewable Energy Acquires Lightstar Renewables

March 19, 2024

Energy

An affiliate of Eagle Creek Renewable Energy has acquired Lightstar Renewables, a community solar developer and owner/operator with ~30 MW under construction and a ~1.2 GW U.S. development pipeline. Lightstar was a portfolio company of funds managed by Elda River Capital Management LLC and Magnetar; under Eagle Creek ownership its full development pipeline and assets will be transitioned to Eagle Creek to accelerate its community solar IPP strategy.

Brookfield Acquires 51% Stake in Castlelake's Fee-Related Earnings

September 17, 2024

Financial Services

Brookfield Asset Management has completed a strategic partnership with Castlelake L.P., acquiring a 51% interest in Castlelake's fee-related earnings while Brookfield Wealth Solutions committed to invest in Castlelake's funds and strategies, bringing total committed capital to $1.5 billion. Castlelake will continue to operate independently, retaining its leadership and majority ownership of performance-related earnings. The transaction strengthens Brookfield's asset-based private credit capabilities and provides capital to scale Castlelake's platform.