Silver Lake has held a final close of its fourth fund, Silver Lake Partners IV, at the hard cap of $10 billion, surpassing its fundraising target of $7.5 billion. Silver Lake now manages over $23 billion in combined assets under management and committed capital.
“We received strong investor demand for this fund and are deeply gratified by the confidence in Silver Lake demonstrated by our limited partners, many of whom have been long-term investors with us,” said Silver Lake’s Managing Partners in a released statement. “We appreciate the continued support of our investors and welcome new investors in the fund.” Silver Lake’s Managing Partners are Mike Bingle, Jim Davidson, Egon Durban, Ken Hao, and Greg Mondre.
Silver Lake makes investments in companies within the technology, tech-enabled and related growth industries. The firm invests in the global technology sector, from semiconductors, cloud computing, and IT infrastructure to tech-enabled financial markets, transaction processing, mobile communications, and e-commerce. Portfolio companies in which Silver Lake invests collectively generate approximately $30 billion in annual revenue and employ 97,000 people around the world. Silver Lake was founded in 1999 and is headquartered in Menlo Park with additional offices in New York, London, Hong Kong, Shanghai, and Tokyo (www.silverlake.com).
“We are honored to have a large group of investors who have entrusted their capital with Silver Lake,” said Susannah Carrier, Managing Director and head of Silver Lake’s fundraising and investor relations. “Our strategic discipline, deep technology expertise, and commitment to the standards of excellence and alignment of interests expected by our limited partners contributed to our fundraising success and to the continued development of a strong investment partnership. We have attracted both a large percentage of our existing investors as well as strategic new investors to our latest fund, and we will endeavor to earn their continued support by maintaining our focus on investment performance.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-19-13
