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Laxman Pai, Opalesque Asia: Tech-focused global alternative manager Silver Lake held a final close on Silver Lake Partners VII (SLP VII) at $20.5 billion in capital commitments, exceeding its prior flagship fund.
The technology investor raised approximately $20 billion for Silver Lake Partners VI in January 2021 and over the past five years has raised $47 billion.
Investors in SLP VII 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 the Americas, Asia-Pacific, and EMEA.
Co-chief executives Egon Durban and Greg Mondre were quoted in a media release saying: "As the promises and risks of the AI era accelerate, our talented team, strong industry network, and ability to commit substantial strategic and operational resources means our horizon of opportunity to make highly select, impactful investments with the potential to generate exceptional performance has never been more compelling."
"We look forward to many more years of collaboration, partnership, and sustained value creation together," they added.
The global technology investment firm stated that over the past 15 years, Silver Lake's flagship funds have in aggregate generated a 21% rate of return, net of fees.
Since the beginning of 2023, distributions to Silver Lake's investors - including anticipated proceeds based on portfolio compan...................... To view our full article Click here
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