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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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 Partners, a multi-family office based in Silver Lake's home town of Menlo Park, California, according to filings. Mr Marks is a founding partner of Riverwood Capital, another technology-oriented buyout firm based in Menlo Park, while Mr Wolff heads a Scottsdale, Arizona, real estate investment company that specialises in multi-family properties.
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