Since the Firm’s inception, the Co-Founders have worked to foster and perpetuate a culture of inclusion, diversity and equal opportunity. As Co-Founders of diverse backgrounds, each sets a “tone at the top” by cultivating, nurturing and overseeing a diverse employee workforce at Clearlake. To that end, Clearlake adopted a Diversity Policy and set in motion a series of initiatives to ensure we maintain a consistent and continued focus on the important goals of diversity and inclusion across all aspects of our business. Our diversity initiatives run throughout our policies and practices and we prioritize the ongoing development of a work environment built on encouraging and cultivating a culture of diversity and equal opportunities.
Clearlake views human capital as its most valuable asset. Each of our employee’s individual differences, life experiences, knowledge, inventiveness, innovation, self- expression, unique capabilities, and talent contribute to Clearlake and represent a significant part of not only our culture, but our reputation and achievements. We embrace and encourage our employees’ differences in age, race, creed, religious belief, color, gender, sexual orientation, gender identity, marital status, disability, national origin, alienage, or citizenship status, military status, genetic predisposition or carrier status and other characteristics that make our employees unique.
Clearlake is an equal opportunity employer, and as such, we strive to create an environment that fosters and supports the diversity of our workforce and believes that each of our employee’s individual differences, unique talents and capabilities contribute to Clearlake in a real and meaningful way. Our diversity initiatives are applicable throughout our practices and policies and the ongoing development of a work environment built on encouraging:
- Respectful communication and cooperation between all employees
- Teamwork and employee participation, permitting the representation of all groups and employee perspectives
- Employer and employee contributions to the communities we serve to promote a greater understanding and respect for the diversity
Our commitment to diversity is found not only in the firm’s formal diversity policy, but also in the various organization that we partner with. These organizations include, but not limited to, the Association of Asian American Investment Managers (AAAIM), Hispanic Heritage Foundation, National Association of Investment Companies (NAIC), Robert Toigo Foundation, Sponsors for Educational Opportunity (SEO) Alternative Investments, Southern California Minority Supplier Development Council, Turnaround Management Association (TMA), and Women’s Association of Venture and Equity (WAVE).
In addition to our own workplace, we work to facilitate diversity and equal employment opportunities across our portfolio and in the financial community by promoting the development and advancement of diverse individuals in careers in asset management and finance. For example:
- Diligent Corporation (“Diligent”). Diligent facilitates modern governance, providing SaaS solutions across governance, risk, compliance, audit and ESG. With Clearlake’s support, Diligent launched the Modern Leadership initiative alongside the Diligent Director Network to help organizations build more diverse and inclusive boards and leadership teams. The Modern Leadership initiative provides senior leaders with the resources, insights, partnerships, and technology needed to enhance diversity in organizations and modernize governance. Launched as the largest and most diverse community of board-ready executives globally, Diligent Director Network was created to widen the pool of diverse candidates for vacant board seats and includes nearly 700,000 CEOs, board directors, and executives. Through the Director Network, Diligent partners with Clearlake and several other organizations that have a track record and mission to promote and create opportunities for diverse individuals, including board rooms and executive suites. Aligning closely with Clearlake’s long-held principle that diversity drives differentiated outcomes, these initiatives bring together existing, rising, and next generation leaders to discuss actions that drive change in the boardroom and at the executive level. Clearlake, and other participating private equity firms, have committed to place more than 50 diverse individuals in board seats for increased visibility and transparency for diverse director candidates.