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Silver Lake raises largest ever technology private equity fund

19 Apr 2013

Global investment firm Silver Lake has raised over $10bn for it latest large-cap technology investment fund, Silver Lake Partners IV.

The firm smashed its fundraising target of $7.5bn, with the $10.3bn raised being the largest amount ever raised for a technology investment-focused private equity fund.

In March, AltAssets reported that the firm was nearing its hard cap, with an imminent final closing in the pipeline.

“We received strong investor demand for this fund and are deeply gratified by the confidence in Silver Lake demonstrated by our limited partners, many of whom have been long-term investors with us,” said the firm’s managing partners. “We appreciate the continued support of our investors and welcome new investors in the fund.”

Silver Lake’s managing partners are Mike Bingle, Jim Davidson, Egon Durban, Ken Hao, and Greg Mondre.

“Closing our Silver Lake Partners IV fund extends opportunities to strategically and selectively invest in market leaders in the global technology industry,” the firm said, “and to partner with management teams in a differentiated way, leveraging our expertise and range of international relationships developed since our founding fourteen years ago.”

Silver Lake now manages over $23bn in combined assets under management and committed capital.
Silver Lake invests in the broad value chain and sub-verticals of the global technology sector, from semiconductors, cloud computing, and IT infrastructure to tech-enabled financial markets, transaction processing, mobile communications, and e-commerce.

Susannah Carrier, managing director and head of Silver Lake’s fundraising and investor relations, said, “We have attracted both a large percentage of our existing investors as well as strategic new investors to our latest fund, and we will endeavor to earn their continued support by maintaining our focus on investment performance.”
Investors in Silver Lake Partners IV and Silver Lake’s other funds include public and corporate pension funds, sovereign wealth funds, endowments, foundations, funds of funds, family offices and individual investors.

Silver Lake’s portfolio includes or has included companies such as Alibaba, Allyes, Ameritrade, Avago, Avaya, Business Objects, Flextronics, Gartner, Gerson Lehrman Group, Instinet, Intelsat, Interactive Data Corporation, IPC Systems, MCI, Mercury Payment Systems, MultiPlan, the Nasdaq OMX Group, NetScout, NXP, Sabre, Seagate Technology, Serena Software, Skype, Spreadtrum, SunGard Data Systems, UGS, Vantage Data Centers, and William Morris Endeavor.

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