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. 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." In May 2022, a consortium of investors co-led by Clearlake acquired
Chelsea Football Club for £2.3 billion. After the deal, Clearlake owned about 60% of the club. Among consortium members, Eghbali is considered among the most visible owners. Eghbali is 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. In May 2025, Eghbali and his partner José E. Feliciano launched Clearlake Credit from previous acquisitions of MV Credit Partners and WhiteStar Asset Management. The goal of the new division is to triple the firm’s $30 billion credit holding in the next five years, primarily from European investors. In November 2025, Eghbali and Feliciano’s Clearlake acquired
Pathway Capital Management, which established Clearlake as one of the largest private equity firms by assets. In 2025, Eghbali and the firm have reported leading over 400 investments and $90 billion in assets under management. ==Personal life==