Silver Lake Waterman has already raised almost $18m through 28 investors according to the filing, and hopes to raise additional capital through the US Small Business Administration (SBA).
The firm, which was founded in 1999, has about $14bn of assets under management across large cap, mid-market, debt investing and energy and resource innovation in the technology sector.
It is understood the firm could raise an additional $150m in capital for the fund through the SBA, according to a report by Forbes.
Shawn O’Neill, previously of Bandon Partners investment bank, and Lighthouse Capital co-founder Rick Stubblefield have been hired to manage the San Francisco-based fund.
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