Silver Lake closes Fund IV at a record $10.3b
Tech-focused private equity firm Silver Lake has closed its latest global buyout technology fund at $10.3 billion. LPs made capital commitments of $10 billion, while $300 million was committed to the fund by Silver Lake fund managers and affiliated entities. The fund, Silver Lake Partners IV, was over-subscribed, having originally targeted $7.5 billion.
Silver Lake said that $10.3 billion is the largest amount ever raised for a technology investment-focused private equity fund. The fund strategy will be to pursue large-scale private investments in companies...
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