Morning Hubsters! This is Chris, on the Wire this morning. What are you seeing out there? We’re just wrapping up our emerging manager feature and I want to extend a big thank you to everyone who has written in with thoughts about interesting first-timers in the market. Some great new fund formation going on out there, despite the challenges in the fundraising market. Big one: I think no firm represents the nature of today’s frenetic fundraising market like Clearlake Capital. Clearlake, which has experienced remarkable growth since its early days, closed its seventh fund on more than $14.1 billion, the firm announced this morning. Fund VII beat its original $10 billion target. Read more here on PE Hub. The firm not only is raising traditional funds but has also raised around $7 billion across four continuation funds – all part of the more than $25 billion raised by Clearlake since January 2021, the firm said. Of course, there is always the lurking concern in the back of LPs’ heads about the size increase of the successor fund. But in today’s fundraising environment, fund size jumps are noticed, and perhaps grumbled about, but that’s not going to prevent most LPs from committing. It’s just the nature of today’s market, and especially for those strong-performing firms that can essentially name their price amid unrelenting LP demand, things have never been better. Let me know what you think and have a great rest of your day. I’m at cwitkowsky@buyoutsinsider.com or over on LinkedIn. Read the full wire commentary on PE Hub ... | 