REUTERS: Private equity firm Silver Lake Partners is preparing to seek at least US$16 billion from investors for its sixth flagship buyout fund, ...
REUTERS: Private equity firm Silver Lake Partners is preparing to seek at least US$16 billion from investors for its sixth flagship buyout fund, braving the economic uncertainty of the coronavirus outbreak, according to people familiar with the matter.
Silver Lake is preparing to start raising the new fund, Silver Lake Partners VI, in the second quarter, amassing between US$16 billion to US$18 billion, said the sources, who cautioned that the plans are still subject to change. Last year, Blackstone Group Inc , the world's largest private equity firm, raised a US$26 billion flagship buyout fund while Vista Equity Partners Management LLC raised US$16 billion from investors for its seventh technology buyout fund. CVC Capital Partners Ltd is also raising up to 20 billion euros for its latest buyout fund, which is expected to be the largest ever fund raised in Europe.
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