Clearlake to buy Pathway Capital in deal that doubles its AUM to $185bn

Clearlake Capital agreed to acquire investment manager Pathway Capital Management, a move that will more than double its assets under management to $185bn.

The deal terms were not disclosed, though the Wall Street Journal reported that Clearlake is paying about $1bn for the Irvine-based manager, which oversees more than $95bn across private equity, private credit, and infrastructure mandates.

Clearlake said the acquisition will expand its reach among institutional and wealth clients, reflecting broader indu…