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Silver Lake raises $15B for fund

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Silver Lake raises $15B for fund

Silver Lake Partners raised $15 billion for Silver Lake Partners V, surpassing the company's $12.5 billion target.

Investors in the fund include public and corporate pension funds, sovereign wealth funds, insurance companies, technology industry investors and others. The company secured $14.5 billion in limited partner capital commitments and about $500 million from a general partner.

The company said the funds will allow it to invest in large-scale, global technology companies. Silver Lake now manages about $39 billion in combined assets under management and committed capital.