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Union Square Advisors Serves as Lead Financial Advisor to Permira in Its Investment in Clearwater Analytics

Demonstrates Union Square Advisors’ Continued Momentum in Providing Strategic Advice to Leading Financial Sponsors and Companies in the Enterprise Software Space

Clearwater Analytics, the market-leading SaaS provider of investment accounting and analytics, announced that it will receive a new investment led by investment firms Permira, Warburg Pincus, Dragoneer Investment Group and Durable Capital. Welsh, Carson, Anderson & Stowe (WCAS), which first invested in Clearwater in 2016, will remain the Company’s majority shareholder, and Sandeep Sahai will continue as Clearwater’s Chief Executive Officer.

Clearwater Analytics helps thousands of leading corporations, insurance companies and asset managers by providing unified, highly-compliant, and powerfully-automated investment accounting, reporting, and analytics. The new investor group will further Clearwater’s innovative leadership and strong organic growth as it brings its solutions to the global marketplace and enable transformative M&A opportunities in the years ahead.

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Sandeep Sahai, Chief Executive Officer of Clearwater Analytics, said, “Our new partnership with Permira, Warburg Pincus, Dragoneer, and Durable, builds upon our very strong relationship with WCAS and continues the momentum Clearwater has achieved as the innovative leader in the investment accounting and analytics market. We remain 100% focused on bringing our clients the best solutions and service quality in the world.  We look forward to benefitting from all of our partners’ deep domain expertise, global resources, and growth capital as we continue to extend Clearwater’s international reach and advance our solution set for our valued clients.”

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Andrew Young, Principal and Fintech lead at Permira, added, “At Permira, we look to partner with companies with differentiated technology solutions serving large market opportunities, and Clearwater is a perfect fit.  We look forward to supporting Clearwater’s continued growth in a number of large vertical markets worldwide. With one of the highest Net Promoter Scores among all SaaS companies, the company’s strong focus on its clients is clear.  We are excited to help enable Clearwater’s vision of becoming the world’s most trusted and comprehensive technology platform for investment accounting and analytics.”

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