Silver Lake closes fifth buyout fund at US$15b
The US investment firm sticks to its approach of helping portfolio firms get even bigger by buying other competitors
San Francisco
OVER the past decade, the investment firm Silver Lake has spearheaded some of the most prominent private equity deals involving technology and media, including the takeovers of Dell Inc and Ultimate Fighting Championship.
Now, the firm is poised to significantly raise its buying power. Silver Lake plans to announce that it has closed its fifth buyout fund at US$15 billion, one of the biggest ever dedicated to technology deals. That exceeds the US$12.5 billion fundraising target that the firm had previously aimed for and brings the firm's total assets and committed capital to about US$39 billion.
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