Clearlake Capital completed the acquisition of a majority stake in WhiteStar from Pine Brook.

Clearlake Capital, a private equity firm, completed the acquisition of a majority stake in WhiteStar Asset Management, a credit-focused investment management firm, from Pine Brook, an investment firm providing financial support to companies in the energy and financial services sectors. Financial terms were not disclosed. "We're excited to back Gibran and the rest of the WhiteStar team, which we believe is among the best in the industry. WhiteStar is an important piece of expanding our credit related platform and we look forward to actively accelerating the growth of the business. This is a very important step and a true milestone in Clearlake's own growth and strategic path," Jose E. Feliciano and Behdad Eghbali, Clearlake Co-Founders and Managing Partners.