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Clearlake Capital Announces Key Personnel Changes

April 09, 2019, 09:00 AM

Clearlake Capital Group, L.P., a global private equity and alternative asset investment firm,  made several announcements including naming five Clearlake veterans as Partners and/or Managing Directors, several other promotions within the firm, and new senior level additions to the team.

José E. Feliciano and Behdad Eghbali, Co-Founders and Managing Partners of Clearlake, commented, “We are thrilled to recognize the dedication of our team members who have not only contributed to the success of ourportfolio companies but also made key contributions to the firm’s culture and values. We are very pleased to take this opportunity to congratulate these exceptional individuals for their part in Clearlake’s continued growth.”

The Clearlake team members promoted to Partner and/or Managing Director include:

Fred Ebrahemi, Partner, Managing Director, General Counsel, and Chief Compliance Officer, joined Clearlake in 2014 and is responsible for providing legal advice during the execution of private equity transactions and other investments, legal oversight of portfolio companies and firm operations, and firm regulatory and legal compliance.

Dan Groen, Managing Director, joined Clearlake in 2015, and he currently serves on the Board of Directors of Clearlake portfolio companies OnShift and symplr. Mr. Groen co-heads Clearlake’s business development efforts and focuses primarily on fostering relationships with key deal intermediaries, sourcing new platform investments, and assisting portfolio companies with add-on acquisitions.

James Pade, Partner and Managing Director, joined Clearlake in 2013, and he currently serves on the Board of Directors of several Clearlake portfolio companies, including American Construction Source, Diligent, EagleView, FloWorks, Ivanti Software, and Lytx. Mr. Pade has been involved in several of Clearlake’s business services (including IT services and industrial distribution) investments and currently focuses on Clearlake’s structured equity and debt investments.

Arta Tabaee, Managing Director, joined Clearlake in 2010, and he currently serves on the Board of Directors of Clearlake portfolio companies Proven Brands and Team Technologies. Mr. Tabaee has been involved in several of Clearlake’s industrials, technology, and consumer platforms.

Pedro Urrutia, Partner, Managing Director, and Chief Financial Officer, joined Clearlake in 2010. With more than 20 years of related experience, Mr. Urrutia is responsible for the management of Clearlake’s corporate accounting and operations departments.

“We are also pleased to recognize the tremendous talent at all levels of the firm. We congratulate this group on achieving another milestone in their careers and for playing a key role in Clearlake’s goal of generating market leading returns for our clients while making a positive contribution to society,” continued Messrs. Feliciano and Eghbali. “The growth of Clearlake’s 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.”

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