MENLO PARK, Calif. & NEW YORK–(BUSINESS WIRE)–Silver Lake, the worldwide chief in know-how investing, introduced as we speak that it raised roughly $20 billion for Silver Lake Companions VI, reaching its exhausting cap for restricted companion capital commitments and together with greater than $500 million from the final companion. With this newest fund, Silver Lake considerably elevated capability in its flagship technique to make large-scale, development investments in a variety of alternatives pushed by the broad impression of know-how throughout the worldwide economic system. In complete, Silver Lake now manages roughly $75 billion in mixed property underneath administration and dedicated capital.
“With greater than twenty years of expertise singularly targeted on know-how investing, Silver Lake is firing on all cylinders as we proceed to execute our technique of serving to to construct and develop nice corporations at a time of accelerating digital transformation throughout the globe,” mentioned Co-Chief Govt Officers Egon Durban and Greg Mondre on behalf of the agency’s Managing Companions. “We’re deeply grateful to the portfolio firm administration groups who invite us in to work with them because the true heroes of the Silver Lake story, and to the restricted companions who’ve confidence in our skill to create distinctive long-term worth in a socially accountable method by serving to these corporations develop and drive innovation for the good thing about all stakeholders.”
Silver Lake invests flexibly throughout a broad spectrum of know-how, technology-enabled and associated development industries, starting from semiconductors, software program, cloud computing, transaction processing, and IT infrastructure to cybersecurity, e-commerce and vertical particular know-how investments within the journey, transportation, healthcare, monetary providers and media sectors. Silver Lake’s various ecosystem of portfolio corporations collectively generates greater than $180 billion of income yearly and employs greater than 400,000 individuals globally.
At present’s announcement follows Silver Lake’s announcement in September of a brand new long-term technique, supported by a $2 billion seed funding from Mubadala, and caps a 12 months by which Silver Lake introduced new investments in corporations together with Twitter, Airbnb, Expedia, Jio Platforms, Reliance Retail, Klarna, Silae, Meilleurtaux and TAL; achieved partial or full realizations of its investments in corporations akin to Alibaba, NortonLifelock, Ancestry and Credit score Karma; and noticed preliminary public choices for present portfolio corporations akin to GoodRx and Unity Applied sciences.
“We’re very happy with the response we’ve got obtained throughout the board from restricted companions, particularly given the present setting, which we consider validates Silver Lake’s strategic self-discipline, deep know-how experience, and intensive deal with development,” mentioned Susannah Service, Managing Director and international head of fundraising and investor relations. “We’re grateful to our returning and new traders for entrusting Silver Lake with their capital as we proceed to domesticate a tradition of excellence and an alignment of pursuits to generate distinctive efficiency.”
Buyers in Silver Lake Companions VI embrace public and company pension funds, sovereign wealth funds, insurance coverage corporations, endowments, foundations, funds of funds, household workplaces, know-how trade leaders and particular person traders throughout North America, South America, Europe, Asia and the Center East.
About Silver Lake
Silver Lake is a world know-how funding agency, with roughly $75 billion in mixed property underneath administration and dedicated capital and a group of execs primarily based in North America, Europe and Asia. Silver Lake’s portfolio of investments collectively generates greater than $180 billion of income yearly and employs greater than 400,000 individuals globally. For extra details about Silver Lake and its portfolio, please go to www.silverlake.com.