Apr
17
Silver Lake Raises $15 Billion Fund for New Tech Deals
BySAN 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 on Tuesday that it has closed its fifth buyout fund at $15 billion, one of the biggest ever dedicated to technology deals. That exceeds the $12.5 billion fund-raising target that the firm had previously aimed for and brings the firm’s total assets and committed capital to about $39 billion…