Company: CWAN
Filing Date: 2025-03-06
Form Type: CORRESP
Source: 0001193125-25-048573
Chunk: 4

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-06
Form: CORRESP
Chunk 4
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 of time was expected to pass between a vote on the merger transaction and the cash Election Deadline) is not expected to occur in the circumstances at hand. Therefore, we believe this situation falls squarely within “Situation B” and the line of no-actionletters issued after the Release allowing for such cash election provisions without compliance with the SEC’s tender offer rules.

| 3. | In order to better inform Enfusion stockholders on the value of the stock consideration as part of their                                                                                                    
 decision on how much stock versus cash to elect, please consider providing these stockholders with a means of viewing the 10-Day Average Clearwater Common Stock VWAP for each day from the date of mailing 
 through the Election Deadline.                                                                                                                                                                              |

Response:In response to the Staff’s comment, the Company advises the Staff that, for each day from the date of mailing through the Election Deadline, the Company will make available on its website the 10-DayAverage Clearwater Common Stock VWAP for the ten-trading day period ending on (and including) the trading day preceding the date on which the Enfusion stockholders access this information. Additionally, Enfusion stockholders will be able to obtain the daily 10-Day Average Clearwater Common Stock VWAP during that period through contacting Enfusion’s proxy solicitor, Innisfree. The Company further advises the Staff that it has revised the disclosure on pages 3, 18, 28, and 57 of the Amended Registration Statement to inform Enfusion stockholders of the means to access this information. Exhibits

| 4. | The exhibit index indicates that the Kirkland & Ellis tax opinion will be filed. Please also 
 file the Dechert tax opinion or advise.                                                      |

Response:In response to the Staff’s comment, the Company has revised the disclosure on page II-2of the Amended Registration Statement and filed copies of the Kirkland & Ellis tax opinion and Dechert tax opinion with the Amended Registration Statement. * * *

Securities and Exchange Commission Division of Corporation Finance Office of Technology March 6, 2025 Page 6

We hope that the foregoing has been responsive to the Staff’s comments. If you have any questions related to this letter, please contact Ross M. Leff at (212) 446-4947of Kirkland & Ellis LLP.

| Sincerely,       |
| /s/ Ross M. Leff |
| Ross M. Leff     |

Via Email:

| cc: | Sandeep Sahai |

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