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
Add BT as a preferred source
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.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI
