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Silver Lake amasses $20bn for largest-ever tech-focused buyout fund

Thursday, January 14, 2021

Laxman Pai, Opalesque Asia:

Silver Lake has closed buyout fund Silver Lake Partners VI at $20 billion, reaching its hard cap, as the technology-focused private equity firm looks to focus on large-scale investments.

The raised capital includes roughly $500 million from the general partner. The fund will target global large-cap technology firms.

"We are very pleased with the response we have received across the board from limited partners, especially given the current environment, which we believe validates Silver Lake's strategic discipline, deep technology expertise, and intensive focus on growth," said Susannah Carrier, Managing Director and global head of fundraising and investor relations. "We are grateful to our returning and new investors for entrusting Silver Lake with their capital as we continue to cultivate a culture of excellence and an alignment of interests to generate exceptional performance."

Investors in Silver Lake Partners VI include public and corporate pension funds, sovereign wealth funds, insurance companies, endowments, foundations, funds of funds, family offices, technology industry leaders, and individual investors across North America, South America, Europe, Asia, and the Middle East.

Investors in the fund include Texas Teacher Retirement System, Austin; Ohio State Teachers' Retirement System, Columbus; New Jersey Pension Fund, Trenton; Los Angeles Fire & Police Pensions; South Dakota Retirement System, Pierre; and University of......................

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