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.
NHRS has backed HarbourVest's 11th Dover Street secondaries fund.
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