Fabrice Moyne had been at the Paris-headquartered niche secondaries buyer, which is investing its third fund, for more than 11 years.
The $1.5bn deal is part of a plan to transform South Korean cement maker Ssangyong into a plastics recycling giant.
Clearlake is among a host of firms exploring building out or bolting on secondaries platforms.
Investors have pulled back on deploying capital in 2022, but the long-term trajectory for GP-led transactions is positive, Campbell Lutyens' Gerald Cooper and Immanuel Rubin tell Secondaries Investor.
The deal totalled somewhere in the range of $2bn to $2.5bn, making it one of the largest deals of the year.
The global head of Evercore's private capital advisory group identifies ways to ensure sponsor-initiated transactions work for all parties involved.
The real assets specialist is in market with its fourth infrastructure secondaries fund, which has raised €580m of a €750m target.
The Nuveen subsidiary is building a team to target GP-led deals in the US mid-market, a year after executing its own large secondaries deal.
The firm targets growth assets via GP-led deals, highly concentrated LP stake trades and preferred equity.
The firm has seen several examples of transactions that it previously passed on being relaunched with refreshed pricing.
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