ClearLake Advisors, L.L.C. (“ClearLake”) manages investment advisory accounts, and in
certain instances also provides investment supervisory services, on a discretionary basis
on behalf of high net worth individuals, families, foundations, and trusts (and business
entities formed by them for their investment purposes). ClearLake has been registered
with the SEC as an investment advisor since 2005, and began conducting business in 2006.
ClearLake is owned by Christopher J. Podoll, its President and Manager from 2005 to
present. Mr. Podoll has over twenty-five years of experience managing private wealth, with
a primary focus on alternative assets, including hedge funds, private equity, venture capital
and real estate. Mr. Podoll graduated from the University of Washington School of Business
in 1978, and earned his C.P.A. the same year.
Before a client retains ClearLake for investment advisory services, ClearLake and the
potential client engage in an extensive interview process and discussion during which
client investment objectives are determined. Clients may impose reasonable restrictions
on the ways in which their accounts are managed. Upon engagement, each portfolio is
determined on an individual basis in accordance with the client’s investment objectives,
any restrictions imposed by the client, and ClearLake’s
investment approach.
For certain clients, ClearLake may recommend investments in various privately offered
securities such as hedge funds, private equity funds, venture capital funds, and real estate
funds. These funds offer various investment strategies including global macro, long/short,
market neutral, event-driven, emerging markets, debt, and real estate. ClearLake regularly
evaluates available funds and recommends the allocation and reallocation of assets among
them as appropriate for each client given prevailing market conditions and client risk
preferences. ClearLake provides comprehensive asset and performance reports.
Incidental to its business of providing securities or other investment advice, ClearLake may
recommend to certain of its qualified clients that they invest in hedge funds which are
commodity pools. ClearLake does not hold itself out as a commodity trading advisor, and
ClearLake is currently exempt from registration as a commodity trading advisor because it
only recommends these type of investments to certain of its clients whose managers are
exempt from registration as commodity pool operators.
ClearLake does not currently participate in any wrap fee programs.
As of December 31, 2022 ClearLake was providing discretionary investment advice in
respect to client assets worth $253,846,102.