Welcome to Goldman Sachs exchanges.

You might notice that today's episode is coming to you on Monday rather than our regular Tuesday.

That's because after the U.S. election, we're going to give you a special episode looking at the market reaction to whatever the news may be.

Today, you'll hear a great interview with Jose Feliciano, co-founder and managing partner of

investment firm Clear Lake Capital, conducted by my Goldman Sachs colleague, Michael Brandmeier.

We hope you enjoy.

Welcome back to Goldman Sachs Exchanges, great investors.

I'm Michael Brandmeier, Global Head and Chief Investment Officer of the

External Investing Group within Goldman Sachs asset management. Today I'm very excited to be sitting down

with Jose Feliciano, managing partner of Clear Lake Capital Group. Jose co-founded Clear Lake in 2006

and has helped grow it into one of the world's largest private equity firms with $80 billion

in assets under management today. How has Jose been able to drive such incredible growth and what

does the feature look like for Clear Lake Capital and for the private equity industry in general?

We're going to talk to Jose about his career, his investment philosophy, and his unique outlook on the investment

opportunities today. I'm very pleased to welcome Jose Feliciano. Jose welcome, or should I say

welcome back to Goldman Sachs since you started your career here? Let's get right into it. It's a very

interesting time in markets and in the world right now, and we're currently having this debate

of what direction is the economy going?

Clear Lake must be very excited about the forward opportunity set.

You talk about how you like to invest across economic cycles, across the capital structure.

How are you seeing the world right now?

First of all, you know, thank you. Thank you for having me back.

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