Clearlake Capital Acquires Majority Stake in WhiteStar Asset Management
June 24, 2020
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.
- Targets
- WhiteStar Asset Management
- Sellers
- Pine Brook Capital Partners
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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