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Silver Lake co-founder starts new firm to manage his own wealth

James Davidson's Paxion Partners is structured in a way that would permit it to eventually manage outside capital, including money raised from wealthy clients

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Mr Davidson has briefed Silver Lake's investors on his new venture, assuring them that Paxion won't compete with or reduce the amount of time he devotes to the private equity firm.

Washington

JAMES Davidson, a co-founder of Silver Lake Management, is starting an investment firm to oversee his personal assets, formalising a long-standing arrangement with two outside money managers.

Mr Davidson teamed up with Michael Marks and Fritz Wolff to form Paxion

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