Capital Allocators – Inside the Institutional Investment Industry José E. Feliciano – Flexible Private Market Investing at Clearlake (Capital Allocators, EP. 297)
Feb 13, 2023
José E. Feliciano, Co-Founder and Managing Partner of Clearlake Capital Group, shares insights from managing over $75 billion in assets. He discusses his journey from banking to private equity, the challenges of flexible investment strategies, and the operational dynamics within his firm. Insights into innovative investments, such as Chelsea Football Club, highlight the parallels between sports and technology sectors. José also delves into the significance of transparency in investment processes and the evolving landscape of capital management.
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Career Start
- José E. Feliciano initially aimed to be a pilot or engineer, studying mechanical and aerospace engineering at Princeton.
- His roommate's Wall Street job sparked an interest in finance, leading Feliciano to explore investment banking.
Banking vs. Startup
- Investment banking provided Feliciano with a foundational understanding of businesses, but also highlighted the limitations of spreadsheet analysis.
- Real-world experience at a startup taught him the importance of operational details and people management.
Dot-com Bust and Re-evaluation
- The dot-com bubble burst forced Feliciano to downsize his startup and re-evaluate his career path.
- This led him back to finance with a renewed focus on investing and a deeper appreciation for operational challenges.