Clearlake Seeks to Triple Assets at Credit Unit to $100 Billion

Clearlake Capital Group is aiming to triple its credit business with the launch of a unit to help the buyout firm grab a bigger slice of the booming asset class.

“In the next five-plus years, I would love to be talking about a $75 to $100 billion platform,” Clearlake co-founder and Managing Partner José E. Feliciano said in an interview. The Santa Monica, California-based firm currently manages about $30 billion in private and liquid credit investments.

The unit, Clearlake Credit, was set up after Clearlake completed its acquisition of European-focused boutique MV Credit Partners from Natixis Investment Managers, according ...