Behdad Eghbali Explained

Behdad Eghbali
Alma Mater:Haas School of Business at the University of California, Berkeley (B.S.)
Occupation:Co-founder and Managing Partner, Clearlake Capital

Behdad Eghbali (Persian: بهداد اقبالی) is an Iranian–American[1] businessman, investor, co-founder and managing partner of investment firm Clearlake Capital. According to Forbes, Eghbali had a net worth of $3.8 billion as of January 2024. Eghbali was first placed on Forbes’ Forbes 400 and Forbes Billionaires lists in 2021.[2]

Early life and education

Eghbali graduated from the Haas School of Business at the University of California, Berkeley with a Bachelor of Business Administration.[3]

Career

Eghbali began his career in investment banking in the technology group at Morgan Stanley and later joined San Francisco-based private equity firm TPG Capital, where he focused on buyouts and turnarounds.[4]

In 2006, Eghbali and José E. Feliciano co-founded Clearlake Capital, described by Financial Times in 2022 as “one of the fastest-growing buyout firms in the world".[5]

In May 2022, a consortium of investors co-led by Clearlake acquired Chelsea Football Club for £4.25 billion. After the deal, Clearlake owned about 60% of the club.[6] Among consortium members, Eghbali is considered among the team’s most visible owners.[7] [8]

Eghbali serves on the boards of several Clearlake portfolio companies, including Chelsea Football Club, Confluence, Constant Contact, Cornerstone OnDemand, DigiCert, Diligent, EagleView, Ivanti, Newfold Digital, Perforce, and Quest.[9] [10] He also serves on the boards of nonprofits, including Noor Foundation, his family foundation.

Notes and References

  1. Web site: Behdad Eghbali . Forbes . 4 March 2024.
  2. Web site: The Richest Private Equity Billionaires On The Forbes 400 List 2021 . Forbes . 20 March 2024.
  3. Web site: Who are the nine members of Chelsea's new board? . The Athletic . 4 March 2024.
  4. Web site: 24. Behdad Eghbali . 9 September 2022 . LA Business Journal . 6 March 2024.
  5. Web site: Inside the low-profile firm behind Boehly's buyout of Chelsea . Financial Times . 6 March 2024.
  6. Web site: Clearlake Follows Its Chelsea Deal With A $14.1 Billion Buyout Fund . Forbes . 6 March 2024.
  7. News: Behdad Eghbali ignores Todd Boehly backlash to make Chelsea dressing room visits . Telegraph . 25 September 2023 . 6 March 2024 . Law . Matt .
  8. News: Todd Boehly, Chelsea's self-styled revolutionary, is facing failure . The Guardian . 27 December 2023 . 6 March 2024 . Brewin . John .
  9. Web site: Who are the nine members of Chelsea's new board? . The Athletic . 8 March 2024.
  10. Web site: Behdad Eghbali . SportiConference . 8 March 2024.